Research analysts who have asked questions during NATIONAL GRID earnings calls.
Recent press releases and 8-K filings for NGG.
National Grid Launches AI-Powered Wildfire Risk Initiative
NGG
New Projects/Investments
- National Grid announced a partnership with Rhizome on December 2, 2025, to deploy advanced AI technology to identify and prevent wildfire risks across its electric transmission and distribution networks in Massachusetts, New York, and the United Kingdom.
- The collaboration utilizes Rhizome's gridFIRM platform, launched in July 2024, which quantifies long-term risks of utility asset-related wildfires to enhance grid resilience and affordability.
- This initiative addresses increasing wildfire risks, as New York and Massachusetts experienced 2,626 wildfires in 2024, more than double the previous year.
- National Grid Partners will invest an additional $100 million in AI technologies and startups, building upon $150 million already invested, to further address evolving challenges.
5 days ago
Highview Secures £130M for Hunterston Energy Storage Facility Phase One
NGG
New Projects/Investments
Hiring
- Highview has secured £130 million in funding, bringing its total raised for long-duration energy storage solutions to over £500 million.
- This latest investment, from entities including Scottish National Investment Bank, Centrica, Goldman Sachs, KIRKBI, and Mosaic Capital, will fund the construction of the first phase of the Hunterston project, a "stability island".
- The stability island, located in Hunterston, Scotland, is designed to provide critical grid stability services and is expected to be operational by January 2028, with the full 3.2GWh hybrid LDES facility operational by 2030.
- The project is anticipated to support 1,000 jobs onsite during construction and 650 jobs in the supply chain, aiming to maximize renewable energy utilization and prevent curtailment in the UK.
Nov 11, 2025, 12:01 AM
National Grid plc Announces Half-Year Results for H1 2025/26 and CEO Succession
NGG
Earnings
CEO Change
New Projects/Investments
- National Grid plc reported strong financial performance for the six months ended 30 September 2025, with underlying operating profit increasing by 12% to £2,292 million and underlying EPS up 6% to 29.8p.
- The company invested a record £5,052 million in the first half, a 10% increase year-over-year, and expects full-year capital investment to exceed £11 billion for the year ending 31 March 2026.
- Strategic portfolio actions include the completed sale of National Grid Renewables for $2.1 billion and the agreed sale of Grain LNG for £1.66 billion, with the latter expected to complete in the second half of the financial year ending 31 March 2026.
- Zoë Yujnovich will assume the role of Chief Executive Officer on 17 November 2025, succeeding John Pettigrew, who retires on 16 November 2025.
Nov 6, 2025, 11:33 AM
National Grid Reports Strong Half-Year Results, Reaffirms Investment Plans, and Announces CEO Succession
NGG
Earnings
Guidance Update
CEO Change
- National Grid reported strong financial results for the six months ended 30 September 2025, with underlying operating profit increasing by 12% to £2,292 million and underlying EPS growing by 6% to 29.8p.
- The company made a record capital investment of £5,052 million in the first half of the year and is on track to invest over £11 billion for the full year 2025/26, while reaffirming a five-year cumulative capital investment of approximately £60 billion and an underlying EPS compound annual growth rate of 6–8% from the 2024/25 baseline of 73.3p.
- Strategic portfolio streamlining continued with the completed sale of National Grid Renewables for $2.1 billion and the agreed sale of Grain LNG for £1.66 billion.
- Zoë Yujnovich is set to become the new Chief Executive Officer on 17 November 2025, succeeding John Pettigrew.
Nov 6, 2025, 11:04 AM
National Grid Reports Strong H1 2026 Results Amidst CEO Transition
NGG
Earnings
CEO Change
New Projects/Investments
- National Grid reported a 13% increase in underlying operating profit to £2.3 billion and a 6% increase in underlying earnings per share to £29.8 for H1 2026. This period also marks the transition of CEO John Pettigrew, who will hand over to Zoë Yujnovich on November 17.
- The company achieved a record £5.1 billion in capital investment, up 12% year-on-year, and remains on track to deploy over £11 billion for the full year. Full-year underlying EPS is expected to be modestly higher than May's guidance.
- Significant progress was made on the £60 billion capital investment plan, with over three-quarters now underpinned by delivery mechanisms, including all six Wave 1 ASTI projects under construction and the £9 billion Great Grid Partnership for Wave 2 onshore projects operational. Regulatory support continues, with 75% of the five-year investment plan approved in US rate cases and policy progress in the UK to accelerate infrastructure delivery.
Nov 6, 2025, 9:15 AM
National Grid Reports Strong H1 2026 Results and Raises Full-Year EPS Outlook
NGG
Earnings
Guidance Update
New Projects/Investments
- National Grid reported strong H1 2026 results, with underlying operating profit increasing 13% to GBP 2.3 billion and underlying earnings per share rising 6% to GBP 29.8.
- The company achieved a record GBP 5.1 billion in capital investment during the first half, a 12% increase year-on-year, and is on track to deploy over GBP 11 billion for the full year.
- Significant progress was made on its GBP 60 billion investment plan, with the supply chain secured for all 17 Accelerated Strategic Transmission Investments (ASTI) projects, and the company is supporting UK AI infrastructure development, forecasting 19 gigawatts of additional demand by March 2031.
- For the full year, National Grid expects a modestly higher underlying EPS relative to its May guidance, driven by improved operating performance across its regulated businesses.
Nov 6, 2025, 9:15 AM
National Grid Reports Strong H1 2026 Results Amidst CEO Transition and Significant Capital Investment
NGG
Earnings
CEO Change
New Projects/Investments
- John Pettigrew will hand over the CEO role to Zoe on November 17.
- For H1 2026, underlying operating profit increased 13% to GBP 2.3 billion, and underlying earnings per share (EPS) rose 6% to GBP 29.8.
- The company made a record capital investment of GBP 5.1 billion in H1 2026, up 12% year-over-year, and expects to deploy over GBP 11 billion for the full year as part of its GBP 60 billion capital investment plan.
- National Grid anticipates full-year underlying EPS to be modestly higher than its original guidance, with net debt expected to increase by approximately GBP 1 billion from the H1 2026 level of GBP 41.8 billion.
- Significant progress was made on the GBP 9 billion Great Grid Partnership in the U.K. and securing supply chains for the GBP 60 billion investment plan, with over three-quarters now underpinned by delivery mechanisms. The company is also developing competitive transmission opportunities in the U.S..
Nov 6, 2025, 9:15 AM
National Grid Half-Year Trading Aligns with Expectations
NGG
Guidance Update
Earnings
- National Grid plc reported that its performance for the six months ending September 30, 2025, is in line with expectations.
- Underlying earnings per share are typically weighted towards the second half of the year, with US regulated businesses anticipating higher profits in the second half.
- The sale of the Electricity System Operator in October 2024 will impact comparative profit figures for the current period.
- Following the announcement, National Grid's shares experienced a slight decline of approximately 0.84% to 0.9% in London trading.
- The company plans to announce its half-year results on November 6, 2025.
Oct 2, 2025, 11:13 AM
Quarterly earnings call transcripts for NATIONAL GRID.
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