National Grid lifts earnings outlook. National Grid stock falls 1.46 percent.

Published on 10/07/2026 at 09:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Growth is now above the 13 to 15 percent outlook. National Grid stock costs EUR 13.47 on October 7, 2026 after EUR 13.67, down 1.46 percent.

Makroaufnahme von Kabelstrang und Glasisolator einer Hochspannungsleitung — Makroaufnahme von Kabel und Isolator veranschaulicht technische Infrastruktur von National Grid plc, ISIN GB00BDR05C01, Illustration mit AI erstellt.

National Grid stock was trading at EUR 13.47 at Lang & Schwarz on October 7, 2026 at 9:15 a.m. CEST, down 1.46 percent from the prior close of EUR 13.67. The company expects full-year earnings per share growth to come in slightly above its previous 13 to 15 percent guidance, according to Investegate on October 5, 2026. The update covers the six months ended September 30, 2026.

Growth moves above guidance

National Grid linked the improved outlook to a strong first-half performance in its National Grid Ventures and Other activities. The regulated businesses continued to perform in line with expectations, leaving the United Kingdom operations broadly evenly split across the financial year.

The company expects its United States regulated operating profit to be weighted toward the second half, while New England returns to a more typical seasonal profile after a one-off regulatory effect in fiscal 2026. National Grid also said half-year net debt should remain broadly in line with its full-year guidance.

Operating base supports the outlook

National Grid's investor center lists underlying operating profit of GBP 5,680 million for fiscal 2025/26, an 8.8 percent increase from GBP 5,221 million in fiscal 2024/25. Underlying earnings per share rose 8.3 percent to GBp 78.00 from GBp 72.00, while capital investment increased 21.3 percent to GBP 11,576 million from GBP 9,542 million, according to National Grid.

For investors, the key distinction is between recurring regulated performance and the one-off contribution from Ventures and Other. The latest update strengthens the full-year earnings comparison, but the second-half weighting means the November report will provide the next detailed test of operating delivery.

Analyst target and next results

Bernstein Research resumed coverage with an Outperform rating and a GBp 1,310 price target on September 15, 2026, according to Investing.com. The broker highlighted regulated growth and visibility, while identifying bond yields, inflation sensitivity and capital-execution risk as factors that could affect the view.

National Grid is scheduled to announce its half-year results on November 5, 2026. That release should replace the current guidance-based picture with reported figures for the six months ended September 30, 2026.

Stock trades lower in Europe

At Lang & Schwarz, National Grid stock was trading at EUR 13.47 on October 7, 2026 at 9:15 a.m. CEST, compared with a prior close of EUR 13.67 and a daily change of minus 1.46 percent. The further course of trading is shown by the continuously updated real-time quote of National Grid stock.