National Grid PLC

NG.: XLON (GBR)

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National Grid Earnings: UK Transmission Drives Strong Growth, 2027 Guidance Upped; Shares Attractive

Tancrede Fulop

Nov 5, 2026

National Grid's fiscal 2027 first-half underlying EPS rose 22% to GBX 36.5, 4% above company-compiled consensus. A lower-than-expected tax charge offset a 3% EBIT miss. Management raised full-year EPS growth guidance to 15%-16% from 13%-15%, primarily reflecting one-off gains.

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National Grid PLC

National Grid Earnings: UK Transmission Drives Strong Growth, 2027 Guidance Upped; Shares Attractive

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