United Utilities confirmed that full-year underlying earnings per share (EPS) is expected to land in line with prior guidance of around 100p.
The group is changing the way it measures its inflation-linked debt to smooth the effects of unusually high or low inflation, and its impact on the income statement. This is expected to reduce this year’s underlying net finance expense by £35mn and increase underlying EPS by around 5p above the previously mentioned 100p figure.
Looking ahead, the group has hedged 100% of its electricity needs for Summer 2026, and over 90% of its needs for Winter 2026/2027.
The shares rose 2.3% in early trading.
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United Utilities key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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