Pennon Group Earnings Growth Likely to Be Below Expectations -- Market Talk
Dow Jones
Sep 26, 2025
0753 GMT - Pennon Group posted an update that implies Ebitda growth below expectations, J.P. Morgan analysts say in a research note. The U.K. utility company now guides for Ebitda growth of around 60% on year, having previously expected an around two-thirds increase. JPM's current estimate implies 69% Ebitda growth, the analysts add. Pennon's new guidance implies a 4% downgrade to Ebitda, they say. Friday's statement also flagged revenue deferrals to fiscal 2027, as well as higher operational costs due to hot weather, they say. Shares trade 0.7% lower at 450.16 pence. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
September 26, 2025 03:53 ET (07:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.