SSE (LON:SSE) Posts Quarterly Earnings Results

by · The Cerbat Gem

SSE (LON:SSE – Get Free Report) posted its quarterly earnings results on Thursday. The company reported GBX 153.50 earnings per share for the quarter, Digital Look Earnings reports. SSE had a net margin of 8.59% and a return on equity of 7.09%. The business had revenue of GBX 1,018.65 billion during the quarter.

Here are the key takeaways from SSE’s conference call:

  • SSE said it met its overriding safety goal of no life-changing injuries, with injury rates broadly flat despite a sharp rise in contractor hours as investment accelerated.
  • The company delivered FY 2026 EPS of GBP 1.535, toward the top end of guidance, while also posting a record GBP 3.6 billion of capital expenditure for the year.
  • Management reaffirmed the long-term growth plan, including targets of GBP 2.25-GBP 2.50 EPS by 2030 and around 80% of earnings linked to inflation, supported by regulated networks and a strong balance sheet.
  • Transmission remains the main growth engine, with 80% higher transmission CapEx, about 75% of consents already approved, and construction underway on five major projects in the north of Scotland.
  • There were some headwinds in parts of the portfolio, including lower distribution earnings after prior-year inflation catch-ups, mixed renewables weather conditions, and weaker flexibility earnings from outages and soft market spreads.

SSE Trading Down 1.3%

LON:SSE opened at GBX 2,399 on Thursday. SSE has a 12-month low of GBX 1,597 and a 12-month high of GBX 2,767.50. The firm has a market cap of £28.92 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 3.06 and a beta of 0.62. The company has a current ratio of 0.97, a quick ratio of 0.50 and a debt-to-equity ratio of 81.00. The stock has a fifty day moving average price of GBX 2,568.17 and a 200 day moving average price of GBX 2,423.81.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SSE shares. UBS Group reissued a “neutral” rating and issued a GBX 2,350 price target on shares of SSE in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of SSE from GBX 2,850 to GBX 2,900 and gave the company a “buy” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. upped their price target on SSE from GBX 2,580 to GBX 2,925 and gave the company an “overweight” rating in a research note on Wednesday, April 1st. Finally, Jefferies Financial Group upped their price target on SSE from GBX 2,510 to GBX 3,060 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,606.57.

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About SSE

(Get Free Report)

SSE is a leading generator of renewables and flexible energy in the GB and Ireland markets, and one of the world’s fastest-growing electricity networks companies.

This includes onshore and offshore wind farms, hydro, electricity transmission and distribution networks, power stations, carbon capture and hydrogen, solar and batteries, as well as providing energy products and services for businesses and other customers.

SSE’s more than 14,000 employees are dedicated to delivering cleaner, more secure energy and ensuring a just transition to a net zero future.

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