SSE backs EPS outlook amid "significant" increase in renewables output

SSE PLC on Thursday reiterated its full-year financial guidance, noting continued acceleration of networks investment and a significant increase in renewables output.

The Perth, Scotland-based electricity generator expects adjusted earnings per share of between 168 pence and 193p for financial 2027, and between 225p to 250p for financial 2030. In the financial year that ended March 31, 2026, SSE reported adjusted EPS of 153.5p.

The regulated networks businesses delivered an 83% increase in investment compared to the first quarter of last year as strategic delivery continues to accelerate, SSE said.

A total of £900 million was invested in networks with construction progressing on the major 'accelerated strategic transmission investment' and 'large onshore transmission investment' projects in the Transmission business.

In the Distribution business, investment also increased ahead of submission of its ED3 business plan in December.

Over the first three months, generation output from SSE Renewables was 31% higher year-on-year, reflecting more favourable weather conditions and the continued increase in capacity, the firm added.

Chief Financial Officer Barry O'Regan said SSE is continuing to see "real progress as we work to deliver the plan, and in doing so we are underpinning compounding, long-term earnings growth and creating significant value for investors."

Shares in SSE were down 0.9% at 2,447.00p each in London on Thursday.

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