4 February 2026
If you are covering SSE's latest results please see the following commentary from Phil Ross, equity research analyst at Quilter Cheviot:
SSE’s Q3 2026 trading statement shows the company continuing to make solid progress towards its ambitions for sizeable growth in electricity networks, while further expanding its footprint in renewables. Networks capital expenditure of £1.8bn at the nine-month stage is up 64% year-on-year, underlining the pace of investment in electricity infrastructure that investors were looking for and which was supported by the recent capital raise.
Alongside this, renewable electricity generation rose 7% year-on-year and 17% growth in the third quarter alone, reflecting increased capacity. The company has guided for its full-year earnings guidance in line with investor expectations. While earnings are lower year-on-year due to mixed weather conditions, the update reinforces SSE’s ability to execute on its ambitious growth plans and maintain momentum across its core businesses.
