In a short trading update ahead of more detailed half-year results, National Grid confirmed its first-half performance has been in line with management expectations. As is typical, underlying earnings per share (EPS) is expected to be weighted to the second half.
In the UK, operating profit is expected to be split fairly evenly across the year. Compared to previous guidance, an additional contribution of around £70mn is expected from the Electricity System Operator.
In the US, operating profits are expected to be weighted to the second half.
The shares were broadly flat following the announcement.
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National Grid key facts
All ratios are sourced from Refinitiv, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
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