National Grid Transco (NYSE:NGG) Posts Earnings Results, Beats Expectations By $25.21 EPS

Posted by on May 15th, 2026

National Grid Transco (NYSE:NGG – Get Free Report) announced its earnings results on Thursday. The utilities provider reported $28.45 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $25.21, FiscalAI reports. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $16.36 billion.

Here are the key takeaways from National Grid Transco’s conference call:

  • National Grid reported strong full-year results, with underlying operating profit up to GBP 5.7 billion, underlying EPS up 8% at constant currency, and the dividend increased 3.8% in line with CPIH.
  • The company reaffirmed its updated five-year plan to invest at least GBP 70 billion, targeting annual asset growth of around 10% and underlying EPS growth of 8%-10%.
  • Management highlighted major growth opportunities from the energy transition and rising power demand, including connections for 35 GW of new generation and 19 GW of new demand in the U.K., plus rapid demand growth in the U.S. from data centers, AI, and reshoring.
  • Executives emphasized a push to improve execution through the new “brilliant basics” framework, including stronger capital controls, standardized designs, better asset management, and more responsive customer processes.
  • The company said it is using technology and AI to improve productivity and reliability, citing tools that reduced crew travel time by 30%, boosted customer satisfaction, and identified extra network capacity for new load connections.

National Grid Transco Stock Up 0.4%

NYSE:NGG traded up $0.38 during mid-day trading on Thursday, reaching $87.36. The stock had a trading volume of 4,458,392 shares, compared to its average volume of 1,092,317. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90. National Grid Transco has a twelve month low of $67.51 and a twelve month high of $94.64. The business has a 50 day simple moving average of $87.29 and a 200 day simple moving average of $83.02.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a research report on Tuesday, April 21st. UBS Group reiterated a “sell” rating on shares of National Grid Transco in a research note on Monday, March 16th. Morgan Stanley reissued an “overweight” rating on shares of National Grid Transco in a report on Wednesday, April 15th. The Goldman Sachs Group restated a “neutral” rating on shares of National Grid Transco in a research note on Monday, March 23rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of National Grid Transco in a report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, National Grid Transco currently has an average rating of “Hold” and a consensus price target of $83.80.

Get Our Latest Analysis on National Grid Transco

Hedge Funds Weigh In On National Grid Transco

A number of large investors have recently modified their holdings of the business. Sivia Capital Partners LLC acquired a new stake in shares of National Grid Transco in the 2nd quarter valued at approximately $221,000. Brown Brothers Harriman & Co. raised its position in National Grid Transco by 38.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 870 shares of the utilities provider’s stock worth $67,000 after acquiring an additional 243 shares in the last quarter. Keel Point LLC raised its position in National Grid Transco by 5.4% in the fourth quarter. Keel Point LLC now owns 3,182 shares of the utilities provider’s stock worth $246,000 after acquiring an additional 163 shares in the last quarter. Group One Trading LLC lifted its holdings in National Grid Transco by 344.0% in the fourth quarter. Group One Trading LLC now owns 1,620 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 2,284 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in National Grid Transco by 11.7% in the third quarter. CIBC Private Wealth Group LLC now owns 2,144 shares of the utilities provider’s stock valued at $156,000 after acquiring an additional 224 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Transco Company Profile

(Get Free Report)

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.

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