National Grid raises fiscal 2027 outlook: National Grid stock trades above EUR 13.51
Published on 10/05/2026 at 15:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
National Grid (ISIN GB00BDR05C01) was trading at EUR 13.57 at Lang & Schwarz on October 5, 2026 at 3:01 p.m. CEST, plus 0.44 percent versus the EUR 13.51 prior close. On the same date, Investegate reported that National Grid now expects fiscal 2027 earnings per share growth to come in slightly above its previous 13.00-15.00 percent guidance range.
Fiscal 2027 growth moves above guidance
The update covers the six months ended September 30, 2026, ahead of National Grid's half-year results on November 5, 2026. Regulated businesses were performing in line with expectations, while National Grid Ventures and Other provided the stronger first-half contribution behind the improved outlook.
The company expects underlying earnings per share to be weighted toward the second half of fiscal 2027. Its half-year operating profit profile is also expected to remain broadly consistent with the prior year, with UK Electricity Transmission and UK Electricity Distribution operating profit broadly evenly split across the two halves.
Annual figures set the baseline
National Grid's investor center reports fiscal 2025/26 underlying operating profit of GBP 5,680 million, up 8.80 percent from GBP 5,221 million in fiscal 2024/25. Underlying earnings per share reached GBp 78.00, an increase of 8.30 percent from GBp 72.00, while capital investment rose 21.30 percent to GBP 11,576 million from GBP 9,542 million, according to National Grid.
That combination matters because the latest outlook is not based only on regulated network operations. The company also cited stronger interconnector performance and fair value gains in its NG Partners investment portfolio, while saying closing half-year net debt should remain broadly in line with full-year guidance.
Analysts weigh the updated outlook
Aktiencheck reported on October 5, 2026 that JPMorgan kept National Grid at Overweight with a GBp 1,440.00 price target. The bank said the regulated businesses were broadly in line with expectations and noted that National Grid's fiscal 2027 earnings growth could slightly exceed the prior range.
The main counterweight is timing. National Grid expects US regulated operating profit to be weighted toward the second half, and the New England business is moving back toward more typical seasonality after a one-off regulatory effect in fiscal 2025/26.
Stock trades above prior close
National Grid's Lang & Schwarz price of EUR 13.57 on October 5, 2026 at 3:01 p.m. CEST stood EUR 0.06 above the EUR 13.51 prior close from October 2, 2026, a daily gain of 0.44 percent. The company's primary listing is on the London Stock Exchange, where its share price is quoted in GBp.
The further course of trading is shown by the continuously updated real-time quote of National Grid stock.
National Grid stock facts
- Company: National Grid plc
- ISIN: GB00BDR05C01
- Ticker: NG.
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz as of October 5, 2026, 3:01 p.m. CEST: EUR 13.57
- Change versus prior close: plus 0.44 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 13.51
- Sector / Industry: Utilities
- Index membership: FTSE 100
