NGG

National Grid

Utilities Utilities - Regulated Electric NYSE

About the company

National Grid is a prominent company that holds a crucial role in the energy sector, particularly in England, Wales, and the Northeastern United States. With a substantial presence in both regions, National Grid has established itself as a key player in the transmission, distribution, and generation of electricity and gas. In England and Wales, National Grid takes charge of owning and operating the electric transmission system, ensuring a reliable and efficient supply of electricity to millions of households and businesses. The company has been entrusted with the responsibility of maintaining and upgrading the transmission infrastructure to meet the growing demands of the regions it serves. While National Grid has a significant focus on electricity transmission in England and Wales, its involvement in the gas transmission industry has witnessed significant changes in recent years. In fiscal year 2023, the company made a strategic decision to sell the bulk of its U.K. gas transmission business. This move allowed National Grid to generate funds that were then utilized to acquire U.K. power distribution assets from PPL. By diversifying its services and expanding its power distribution segment, National Grid aims to enhance its capacity to provide reliable electricity to an ever-growing customer base. Across the Atlantic, National Grid serves electricity and gas customers combined in three states in the Northeastern United States. This presence enables the company to leverage its expertise and experience in the energy sector, providing reliable and affordable energy solutions to customers in the region. National Grid takes pride in its commitment to delivering safe and sustainable energy, ensuring that its services align with the needs and expectations of its customers. Besides transmission and distribution, National Grid has also ventured into regulated electricity generation and metering services in the United States. This expansion allows the company to exert more influence over the entire energy value chain, from generation to transmission to metering, ensuring seamless and efficient services for its customers. In addition to its regulated operations, National Grid has also made acquisitions in the merchant transmission lines sector in the U.K. This move permits the company to engage in transmission activities outside of its regulated operations, adding flexibility and diversification to its portfolio. Lastly, National Grid's ownership of the Grain liquefied natural gas (LNG) facility in the U.K. solidifies its presence in the natural gas sector. The Grain facility is an important asset, enabling the storage and distribution of LNG, a versatile and environmentally friendly fuel source. Through its control of this facility, National Grid contributes to the reliability and efficiency of the U.K.'s gas supply, ensuring that energy needs are met, especially during peak demand periods. In conclusion, National Grid's ownership and operation of the electric transmission system in England and Wales, along with its expanding presence in the Northeastern United States, signify its indispensable role in the energy sector. Through its diverse range of activities, from transmission and distribution to generation and metering services, National Grid exemplifies its commitment to providing reliable, affordable, and sustainable energy solutions to millions of customers. With its strategic acquisitions and investments, National Grid continues to strengthen its presence in the industry, ensuring a secure and resilient energy future for the communities it serves.

Website: https://www.nationalgrid.com

Data updated: June 2, 2026

Sector comparison

We compare this company with the typical (middle) company in the same industry to show how it looks against similar businesses. This is information, not a recommendation.

Utilities · 120 peers in sector

Metric NGG Sector median Vs. industry
P/E 19.80 19.39 ↑ Above average
EPS 4.04 USD 1.73 USD ↑ Above average
Dividend yield 4.05% 2.88% ↑ Above average
Profit margin 18.32% 10.62% ↑ Above average
ROE 8.41% 8.13% ↑ Above average

Higher and lower here are only a comparison with the typical company in the industry — a higher or lower value on its own does not mean better or worse.

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Frequently Asked Questions

What is National Grid?
National Grid is a prominent company that holds a crucial role in the energy sector, particularly in England, Wales, and the Northeastern United States. With a substantial presence in both regions, National Grid has established itself as a key player in the transmission, distribution, and generation of electricity and gas. In England and Wales, National Grid takes charge of owning and operating the electric transmission system, ensuring a reliable and efficient supply of electricity to millions of households and businesses. The company has been entrusted with the responsibility of maintaining and upgrading the transmission infrastructure to meet the growing demands of the regions it serves. While National Grid has a significant focus on electricity transmission in England and Wales, its involvement in the gas transmission industry has witnessed significant changes in recent years. In fiscal year 2023, the company made a strategic decision to sell the bulk of its U.K. gas transmission business. This move allowed National Grid to generate funds that were then utilized to acquire U.K. power distribution assets from PPL. By diversifying its services and expanding its power distribution segment, National Grid aims to enhance its capacity to provide reliable electricity to an ever-growing customer base. Across the Atlantic, National Grid serves electricity and gas customers combined in three states in the Northeastern United States. This presence enables the company to leverage its expertise and experience in the energy sector, providing reliable and affordable energy solutions to customers in the region. National Grid takes pride in its commitment to delivering safe and sustainable energy, ensuring that its services align with the needs and expectations of its customers. Besides transmission and distribution, National Grid has also ventured into regulated electricity generation and metering services in the United States. This expansion allows the company to exert more influence over the entire energy value chain, from generation to transmission to metering, ensuring seamless and efficient services for its customers. In addition to its regulated operations, National Grid has also made acquisitions in the merchant transmission lines sector in the U.K. This move permits the company to engage in transmission activities outside of its regulated operations, adding flexibility and diversification to its portfolio. Lastly, National Grid's ownership of the Grain liquefied natural gas (LNG) facility in the U.K. solidifies its presence in the natural gas sector. The Grain facility is an important asset, enabling the storage and distribution of LNG, a versatile and environmentally friendly fuel source. Through its control of this facility, National Grid contributes to the reliability and efficiency of the U.K.'s gas supply, ensuring that energy needs are met, especially during peak demand periods. In conclusion, National Grid's ownership and operation of the electric transmission system in England and Wales, along with its expanding presence in the Northeastern United States, signify its indispensable role in the energy sector. Through its diverse range of activities, from transmission and distribution to generation and metering services, National Grid exemplifies its commitment to providing reliable, affordable, and sustainable energy solutions to millions of customers. With its strategic acquisitions and investments, National Grid continues to strengthen its presence in the industry, ensuring a secure and resilient energy future for the communities it serves.
Are National Grid shares expensive?
The price-to-earnings (P/E) ratio of National Grid is 19.80 — the share price is 19.80 times the annual profit per share. That is higher than the typical company in the same industry (industry median: 19.39). This is information, not a recommendation. (as of 2026-06-02)
How big is National Grid?
The market capitalization of National Grid — the combined value of all its shares — is 79.61 B USD. The higher the market cap, the larger the company. (as of 2026-06-02)
Does National Grid pay dividends?
The dividend yield of National Grid is 4.05% — it shows the annual dividend relative to the share price. This is information, not a recommendation. (as of 2026-06-02)
What sector does National Grid belong to?
National Grid operates in the Utilities sector, industry: Utilities - Regulated Electric.

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