National Grid beat expectations at the EPS level (+8.6% vs consensus) for its H1 21/22 results, mainly driven by the WPD acquisition, higher regulated tariffs and the post-pandemic recovery. As a result, the full-year outlook was improved.
The group also unveiled its 2026 roadmap: £35bn capex in networks, both in the US and in the UK, to increase the asset base and support the expansion of renewables. The plan is in line with our expectations, even if the funding issues were relatively unaddre ....
18 Nov 2021
H1 21/22 and CMD: the quiet strength
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H1 21/22 and CMD: the quiet strength
National Grid plc (NG:LON) | 1,054 -58 (-0.5%) | Mkt Cap: 39,215m
- Published:
18 Nov 2021 -
Author:
Nicolas Bouthors -
Pages:
3
National Grid beat expectations at the EPS level (+8.6% vs consensus) for its H1 21/22 results, mainly driven by the WPD acquisition, higher regulated tariffs and the post-pandemic recovery. As a result, the full-year outlook was improved.
The group also unveiled its 2026 roadmap: £35bn capex in networks, both in the US and in the UK, to increase the asset base and support the expansion of renewables. The plan is in line with our expectations, even if the funding issues were relatively unaddre ....