National Grid plc: EPS $2.46 vs $2.29 expected; revenue $8.72B
Key Facts
Reported results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 2.460 | 2.290 | +7.4% | 0.837 |
| Revenue (USD bn) | 8.720 | — | — | 7.600 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 5, 2026 | — | 2.4600 | 2.29 | +7.4% | 8.72 | — | — |
| May 14, 2026 | Q4 FY2026 | 3.2600 | 3.24 | +0.6% | 14.34 | — | — |
| Nov 6, 2025 | — | 0.8370 | 1.85 | −54.8% | 7.60 | — | — |
| May 15, 2025 | Q2 FY2026 | 0.5930 | 2.82 | −79.0% | 14.08 | — | — |
| Nov 7, 2024 | — | 0.1865 | 1.77 | −89.5% | 10.53 | 11.68 | −9.8% |
| May 23, 2024 | Q2 FY2025 | 0.3923 | 2.64 | −85.1% | 14.40 | 14.07 | +2.3% |
| Mar 19, 2024 | — | 0.3708 | 1.43 | −74.1% | 10.33 | 11.10 | −7.0% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures. Figures are in USD as carried for this US-traded line; the company reports in another currency.
National Grid plc results: EPS $2.46 vs $2.29 expected; revenue $8.72B. EPS came in above analysts' estimate by 7.4%; revenue is not compared with the analysts' estimate: the estimate's currency could not be confirmed. Figures are in USD as carried for this US-traded line; the company reports in GBP.
Revenue was up 14.8% from $7.60 billion a year earlier. EPS was up 193.9% from $0.837 a year earlier. On its record, EPS topped analysts' estimates in 1 of 6 earlier comparable reports.
What the results mean
National Grid plc transmits and distributes electricity and gas, so interpreting its results centers on the performance of its network infrastructure and related services. Its operations span Britain and the United States, with the mix of electricity transmission, distribution and gas services varying by market.
Electricity interconnectors and liquefied natural gas imports provide business activities alongside local networks. Understanding their contribution, together with regional transmission and distribution operations, helps explain the nature of revenue and the underlying business drivers.
What to watch on the earnings call: Performance of electricity transmission and distribution networks in Britain, the contribution of electricity and gas services in New England and New York, the role of interconnectors and liquefied natural gas imports, and management commentary on demand and network spending.
For the full analysis of National Grid plc stock — valuation, scores and financial statements — see the stock page linked with this story.