SSE expects lower seasonality in H1 as networks lift earnings.
Electricity provider SSE said on Thursday that it expects half‑year adjusted earnings per share of 64p to 68p, flagging a lower level of seasonality as regulated networks made up a growing share of profits.
SSE
01 October 2026 09:00:58
Source: Sharecast
SSE, which also reiterated full‑year guidance, reported continued strong delivery across its regulated networks, with investment running about 70% higher year‑on‑year, driven largely by accelerating progress across its 11 major transmission projects.
Renewables output was also set to be around 20% higher than the same period last year, helped by more favourable weather and capacity growth. It also highlighted that turbine installation at its Dogger Bank B site had passed the halfway mark and remained on schedule.
The FTSE 100-listed firm reaffirmed adjusted earnings per share guidance of 168p to 193p for 2026/27 and 225p to 250p for 2029/30, noting that expectations remained subject to weather, market conditions and plant availability through the key winter months.
Capital investment for the half‑year was expected to be around £2.5bn, with adjusted net debt and hybrid capital forecast at about £11.5bn.
As of 0900 BST, SSE shares were down 1% at 2,466p.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
