SSE PLC (LSE:SSE), the UK energy infrastructure group, has reiterated its full-year earnings guidance after strong investment across regulated networks and higher renewable generation during the first half.
Adjusted investment across its networks businesses increased by around 70% year-on-year, with the majority of the increase coming from Transmission as work accelerated across 11 major projects.
Renewable generation output is expected to be around 20% higher than a year earlier, reflecting more favourable weather conditions and increased capacity.
Progress at the Dogger Bank offshore wind farm remains in line with expectations, with turbine installation at Dogger Bank B now beyond the halfway point.
SSE expects adjusted earnings per share of between 64p and 68p for the first half, reflecting reduced seasonality as regulated networks account for a growing share of group earnings.
For the full year, the company maintained adjusted earnings per share guidance of between 168p and 193p for 2026/27.
SSE also reiterated its longer-term target of adjusted earnings per share between 225p and 250p for 2029/30.
Financial expectations for each business unit remain unchanged, although the company said the full-year result remains dependent on weather, market conditions and plant availability, with the important winter trading period still ahead.
Capital investment is expected to reach around £2.5 billion for the half-year, while adjusted net debt and hybrid capital are expected to stand at about £11.5 billion.
SSE will publish its half-year results on 18 November 2026.