National Grid/$NGG

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About National Grid

National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the UK, and the Grain (UK) liquefied natural gas facility.

Ticker

$NGG
Sector

Primary listing

NYSE

Employees

31,654

National Grid Metrics

BasicAdvanced
$73B
89.86
$0.82
0.30
$3.04
5.51%

What the Analysts think about National Grid

Analyst ratings (Buy, Hold, Sell) for National Grid stock.

Bulls say / Bears say

National Grid reported an adjusted operating profit of £5.36 billion for the year ended March 31, beating analyst estimates of £5.29 billion and reaffirming its £60 billion investment plan through 2029 to support long-term network growth. (Reuters)
The company filed a three-year rate proposal with the New York PSC, targeting a 9.5% return on equity and initial capital investments of $1.43 billion in electricity and $351 million in gas infrastructure, providing more predictable US regulated cash flows. (Reuters)
In March 2025, Ofgem fast-tracked a £4 billion investment package for the UK electricity grid, boosting National Grid Electricity Transmission with accelerated funding and easing supply-chain bottlenecks for critical network upgrades. (Reuters)
National Grid registered a £303 million impairment charge after halting the Community Offshore Wind project in New York, highlighting execution risks and policy uncertainty for its US renewables pipeline. (Reuters)
The final decision on its three-year rate plan for upstate New York could result in returns below the proposed 9.5% equity cut, introducing regulatory uncertainty that may pressure projected cash flows from its US distribution business. (Reuters)
The ambitious £60 billion network investment pledge through March 2029, though accretive to growth, could stretch free cash flow and leverage ratios in the face of high interest rates, increasing refinancing risks. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 2 Oct 2025.

National Grid Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

National Grid Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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