National Grid lifted earnings outlook. National Grid stock fell 1.04 percent.

Published on 10/20/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Grid lifted fiscal 2027 earnings growth above 13 to 15 percent. National Grid stock costs EUR 14.24 on October 20, 2026 versus EUR 14.39.

Guidance and valuation details

National Grid added GBP 130 million of first-half performance on October 5, 2026.
Underlying operating profit rose 8.8 percent to GBP 5,680 million in fiscal year 2025/26.
National Grid stock trades at EUR 14.24 at 10:17 a.m. CEST at Lang & Schwarz on October 20, 2026, 1.04 percent below the Xetra close of October 19, 2026.
National Grid will publish half-year results on November 5, 2026.

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National Grid (ISIN GB00BDR05C01) was trading at EUR 14.24 at Lang & Schwarz on October 20, 2026 at 10:17 a.m. CEST, 1.04 percent below the Xetra close of October 19, 2026 at EUR 14.39. The company had lifted its fiscal 2027 earnings outlook on October 5, 2026, as Financial Times reported.

Guidance moves above 13 to 15 percent

National Grid said its underlying earnings per share growth for fiscal 2027 should come in slightly above its previous 13 to 15 percent guidance range. The six months ended September 30, 2026, were supported by National Grid Ventures and Other, which was expected to deliver GBP 130 million of additional first-half performance relative to expectations. The company attributed that contribution to one-off fair value gains from two NG Partners transactions and stronger interconnector performance, while half-year net debt was expected to remain broadly in line with full-year guidance, according to Financial Times.

What does the update mean for profit?

The key qualification is the source of the improvement. The GBP 130 million contribution includes one-off fair value gains, so the underlying regulated businesses remain the more important test for recurring earnings. National Grid's investor materials show underlying operating profit of GBP 5,680 million in fiscal year 2025/26, up 8.8 percent from GBP 5,221 million, while underlying earnings per share rose 8.3 percent to 78.0 pence from 72.0 pence, according to National Grid.

Three dated steps for the stock

On May 14, 2026, National Grid reported fiscal year 2025/26 underlying operating profit of GBP 5,680 million. On October 5, 2026, it raised fiscal 2027 earnings per share growth expectations above 13 to 15 percent and cited GBP 130 million of additional first-half performance. On October 19, 2026, Citi cut its price target to GBp 1,175 from GBp 1,253 while keeping a Neutral rating, according to TipRanks.

Dates that frame the next move

National Grid is scheduled to publish its half-year results for the six months ended September 30, 2026, on November 5, 2026, according to the October 5 company update. That report will show how much of the upgraded outlook came from recurring network operations rather than one-off investment gains.

Stock trades below the Xetra close

At EUR 14.24, the Lang & Schwarz quote was 1.04 percent below the Xetra close of October 19, 2026 at EUR 14.39. The London-listed stock had closed at GBp 1,217.50 on October 16, 2026, according to Global Banking and Finance. The further course of trading is shown by the continuously updated real-time quote of National Grid stock.