National Grid cash flow slips, shares steady in London trade

By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-27, 14:52.

National Grid (GB00BDR05C01) shows a weaker operating cash flow picture for its latest fiscal year. Eulerpool reports operating cash flow per share of 1.41 GBP for 2026, down from 1.86 GBP in 2025, a decline of 24.11 percent.Eulerpool cash flow data for National Grid

What the numbers show

Eulerpool’s breakdown indicates that National Grid’s operating cash flow per share decreased from 1.86 GBP in 2025 to 1.41 GBP in 2026, a year-on-year reduction of 24.11 percent.Eulerpool operating cash flow per share series This metric is central for long-term investors who track the company’s ability to fund investments and dividends from internal cash generation rather than external financing.

Despite the weaker cash flow per share, the stock’s valuation remains firmly supported in London. Hargreaves Lansdown quotes a market capitalization of about 61.97 billion GBP for National Grid, with a price-to-earnings ratio of 16.06 based on current figures and a stated dividend yield of 3.89 percent.Hargreaves Lansdown key metrics for National Grid (NG.) The shares trade under ticker NG. on the London Stock Exchange, providing an anchor in the FTSE utility sector.

Valuation and London listing

According to Hargreaves Lansdown, National Grid ordinary shares opened at 1,257.00 pence in the latest session, compared with a previous close at 1,253.00 pence, implying a modest upward tick in early trading.Hargreaves Lansdown quote for NG. shares With a market cap near 62 billion GBP and a dividend yield just under 4 percent, the stock continues to fit the profile of a large-cap regulated utility with income appeal.

The NG. shares represent the primary London listing of National Grid and typically feature in UK utility sector comparisons with peers such as SSE and Centrica. The quoted P/E ratio of about 16 suggests that investors still assign a mid-teens earnings multiple despite the recent softening in operating cash flow per share, pointing to confidence in the regulated asset base and future cash generation.Hargreaves Lansdown sector and valuation context

The business behind the stock

National Grid’s core business is the ownership and operation of electricity and gas transmission networks in the UK and the US Northeast. In Britain, the group manages high-voltage electricity transmission infrastructure, connecting power generation sources to regional distribution networks and large industrial customers across England and Wales.National Grid Investor Relations overview

In the United States, National Grid operates regulated electric and gas distribution businesses in states such as Massachusetts, New York and Rhode Island, focusing on delivering energy to residential and commercial customers. These businesses earn regulated returns on invested capital set by state regulators, which supports relatively predictable cash flows and underpins the company’s ability to invest in grid modernization and decarbonization initiatives.National Grid description of UK and US regulated networks

Where the stock trades today

National Grid shares (GB00BDR05C01) trade on the London Stock Exchange under ticker NG., with the latest quoted metrics from Hargreaves Lansdown showing an open at 1,257.00 pence and a previous close at 1,253.00 pence in sterling terms.Hargreaves Lansdown latest NG. share price The price data referenced here are as of the most recent London trading session.

This article is for informational purposes only and does not constitute investment advice, tax advice or a recommendation to buy or sell any security. All data are based on sources deemed reliable but cannot be guaranteed. Investors should conduct their own research or consult a qualified advisor before making investment decisions.