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National Grid

NGG · Utilities

Last earnings May 14, 2026

AI analysis

Latest earnings event · reported May 14, 2026

Based on: Earnings release — transcript not held

No extracted figures held

The event-summary record for this company carries no extracted figures, so the brief and charts cannot be drawn yet. The summary below and the held documents are the record for this event.

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Dividend3.8%
EPS10%

– Recommended final dividend of 32.14p, resulting in a total dividend of 48.49p up 3.8% compared to prior year, in line with policy aim to increase with UK CPIH inflation.

Company-stated claims

May 14, 2026

Historical · increased engagement and awareness leading to a 168% · subscribers_users

“– In UK ED, our winter campaign increased engagement and awareness leading to a 168% increase in Priority Services Register activity which provides additional help and support for 2.6 million including the elderly, very ill and disabled customers.”

6-K · May 14, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

National Grid — Earnings release (2026-05-14)

Based on: Earnings release — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

– Recommended final dividend of 32.14p, resulting in a total dividend of 48.49p up 3.8% compared to prior year, in line with policy aim to increase with UK CPIH inflation.

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

    Group earnings growth and dividend growth   We expect our underlying earnings per share CAGR to be 8-10% from a 2025/26 baseline of 78.0p, more aligned with our asset growth.

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

This includes our long-run average scrip uptake assumption of 25% per annum, which will support our sustainable, progressive dividend policy into the future.

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

  We will maintain a progressive level of total dividend   aiming to grow the Dividend Per Share (DPS) in line with UK CPIH (for details of our dividend policy please refer to page   28 ).

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

Forward years are based on an assumed USD exchange rate of £1:$1.35, long run UK CPIH and US CPI inflation, long run interest rate assumptions, and scrip dividend uptake of 25%.

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

  Net debt was £44.2 billion at 31 March 2026, £2.8 billion higher than the prior year.

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

Strategy & priorities

  Strategic progress   – Extended and upgraded our Five-Year Financial Framework to 2030/31, with at least £70 billion capital investment over the period, reflecting increased clarity across our businesses and the outcomes of the RIIO-T3* price control.

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

– Filed our rate case proposal for Massachusetts Gas, focused on balancing bill impacts with asset health and network reliability.

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

  Strategic overview   Safety and operational performance: Retained focus on reliability and resilience   Our Lost Time Injury Frequency Rate (LTIFR) 1  stood at 0.11 compared to 0.10 in 2024/25 and against our Group target of 0.10.

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

In response, we have implemented targeted initiatives to further strengthen risk awareness, leadership engagement and control effectiveness.

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

The safety of our people and those working on our behalf remains our highest priority.

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

Risks & headwinds

National Grid will challenge the decision through the required regulatory and legal procedures.

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

  Affordability is a critical issue:   Affordability has always been a critical issue for customers and the company alike, and has become a whole system challenge including the impact of commodity and policy costs.

SEC original ↗National Grid — Earnings release (6-K report)6-KMay 14, 2026

Documents

Earnings deck slides

1 deck with slide view

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Fortis (FTS) UtilitiesAmerican Water Works (AWK) UtilitiesFirstEnergy (FE) UtilitiesEdison International (EIX) UtilitiesDuke Energy (DUK) UtilitiesPublic Service Enterprise Group (PEG) UtilitiesConstellation Energy (CEG) UtilitiesWEC Energy Group (WEC) Utilities

Filings

62 documents

Earnings releases

1 document

Presentations

1 document

Transcripts

0 documents

No transcripts for National Grid are held in this edition of the library.

Mentioned by

5 companies

Other tracked companies whose held documents mention National Grid by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.