SSE plc (SSE) Earnings Call Transcripts

SSE plc's Latest Earnings Call - May 28, 2026

In the fiscal year 2026, SSE plc reported earnings per share of 153.5 pence, slightly below the previous year, primarily due to lower distribution earnings and dilution from an equity raise. Revenue and adjusted operating profit were in line with expectations, driven by an 80% increase in transmission capital expenditure to GBP 3.6 billion. Management maintained FY 2027 earnings guidance at 168 pence to 193 pence, signaling confidence in their GBP 33 billion investment plan aimed at enhancing energy independence and reducing consumer bills.

Reported metrics

Guidance from management

Management maintained FY '27 earnings guidance at 168 pence to 193 pence, reflecting confidence in their growth strategy and ongoing investments. They expect continued profitability increases in transmission and stable earnings from distribution.

What management said

Yes. Look, in terms of what's in the plan for data centers, there's nothing in the financial plan for data centers in the plan of 2030. Clearly, Martin outlined earlier on with lots of conversations going on. And obviously, we have lots of opportunities right across the portfolio. So anything that will be more upside towards the end of the plan if start to come through, but more likely into the early 2030s.

Look, on the tax rate, no, there's no change to the average tax rate on the new plan for the 5 years at 2030. We always said we are in the mid- to high single digits, which clearly expect with a big ramp-up in CapEx as you go out. That's clearly slightly lower than the old plan, which went out to '27. But clearly, we have a much higher CapEx program in the updated plan we put out in November. So there's no change to ...

What analysts pressed on

Analysts raised concerns about the potential impacts of the capacity market changes and the implications of rising costs in the supply chain. There were also questions regarding the pace of electrification and its effects on future demand.

Main topics on the call

• Investment Acceleration — SSE is executing a GBP 33 billion investment plan, with an 80% increase in transmission CapEx to GBP 3.6 billion. Management stated, "We are already delivering on the plan and are poised to scale it up," indicating stron...
• Earnings Guidance Maintained — Management reiterated FY 2027 earnings expectations of 168 pence to 193 pence, unchanged since May 2023. This stability reflects confidence in the growth trajectory despite macroeconomic uncertainties.
• Dividend Increase — SSE announced a 7% increase in dividends, aligning with their progressive dividend policy. CFO Barry O'Regan noted, "We delivered on the commitments we made for the year," highlighting the company's commitment to shareho...
• Renewables Performance — The Renewables segment achieved an all-time high in adjusted operating profit, supported by new capacity additions. Despite mixed wind conditions, management emphasized strong asset availability across the portfolio.

Read the full SSE plc transcript (May 28, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 15 SSE plc earnings call transcripts on record, spanning June 17, 2020 to May 28, 2026. Based on this history, SSE plc reports semi-annually. The most recent call on file is dated May 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SSE

Exchange

LSE

Country

GB

Sector

Utilities

Industry

Electric Utilities

Calls on record

15

First call

June 17, 2020

Most recent

May 28, 2026

Reporting cadence

semi-annually