Latest news for National Grid (OTC:NGGTF) Stock

National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the UK, and the Grain (UK) liquefied natural gas facility.

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Stocks That Hit 52-Week Highs On Thursday

Earnings

National Grid Posts Drop In Full-Year Profit

NATIONAL GRID PLC ORD by National Grid PLC

National Grid PLC

National Grid PLC (OTC: <a class="ticker" href="/stock/nggtf#OTC">NGGTF</a>) posted a 3% drop in its full-year operating profit.

National Grid's operating profit before exceptional items fell to GBP3.495 billion, from GBP3.6 billion, in the year-ago period. However, analysts were expecting an operating profit of GBP3.49 billion.

Net profit attributable to equity shareholders fell 5.7% to GBP2.04 billion from GBP2.16 billion. Its revenue declined 3.6% to GBP13.83 billion from GBP14.34 billion.

National Grid shares closed at $10.73 yesterday.

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