National Grid stock trades at EUR 14.40 ahead of half-year results

Published on 10/22/2026 at 11:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Grid sees fiscal 2027 growth above 13.00 to 15.00 percent. National Grid stock costs EUR 14.40 on October 22, 2026, below its EUR 14.44 Xetra close.

Guidance and capital allocation

National Grid expects fiscal 2027 earnings growth slightly above its 13.00 to 15.00 percent guidance.
National Grid Ventures and Other added GBP 130.0 million of first-half performance relative to expectations on October 5, 2026.
National Grid stock trades at EUR 14.40 at 11:06 a.m. CEST at Lang & Schwarz on October 22, 2026, 0.24 percent below the Xetra close of October 21, 2026.
Half-year results are scheduled for November 5, 2026.

Bauhaus-Poster mit geometrischen Formen und Strommasten, Text ENERGY, Sektor — Bauhaus-Poster mit Strommasten steht für National Grid plc, ISIN GB00BDR05C01, britischer Betreiber von Energieübertragungsnetzen, Illustration mit AI erstellt.

National Grid (ISIN GB00BDR05C01) was trading at EUR 14.40 at Lang & Schwarz on October 22, 2026 at 11:06 a.m. CEST, down 0.24 percent versus the Xetra close of October 21, 2026 at EUR 14.44. The utility is approaching its November half-year results after lifting its fiscal 2027 earnings growth outlook.

In its October 5, 2026 pre-close update, Investor Meet Company reported that National Grid expects fiscal 2027 earnings per share growth to be slightly above its prior 13.00 to 15.00 percent guidance. The update covered the six months ended September 30, 2026 and kept underlying earnings weighted toward the second half.

Three events set the context

National Grid's recent chronology shows why the guidance change matters. On October 9, 2026, its chief financial officer bought 13 ordinary shares at GBP 11.3681 each under the Share Incentive Plan, according to Investor Meet Company. On October 5, the company said National Grid Ventures and Other should deliver GBP 130.0 million of additional first-half performance relative to expectations. On October 20, UBS retained its Sell rating and GBp 1,110 price target, as Proactive Investors reported.

What will November results test?

The key test is whether the one-off Ventures contribution translates into durable operating progress. National Grid said the GBP 130.0 million benefit reflected fair-value gains from two capital-market transactions and stronger interconnector performance, while closing half-year net debt should remain broadly in line with full-year guidance.

UBS is watching delivery as well as earnings. The bank cited National Grid's GBP 31.0 billion UK electricity-transmission capital-spending target for the five years to March 2031 and raised its fiscal 2027 earnings-per-share forecast to GBp 91 from GBp 89, while describing the recent gains as non-recurring.

Next reporting date

National Grid will announce its half-year results for the six months ended September 30, 2026 on November 5, 2026, according to the October 5 release. That date should bring the first detailed comparison between the guidance update and reported operating profit, cash flow and net debt.

Stock stays below the analyst target

The London Stock Exchange-listed stock was trading at EUR 14.40 at Lang & Schwarz on October 22, 2026 at 11:06 a.m. CEST, 0.24 percent below the Xetra close of October 21, 2026 at EUR 14.44. The company describes itself as a transmission and distribution utility serving electricity and gas networks.

The further course of trading is shown by the continuously updated real-time quote of National Grid stock.