National Grid (NGG) Capital Expenditures (2009 - 2025)
National Grid (NGG) posted Capital Expenditures of -$6.0 billion for Q3 2025, down 15.81% on a QoQ basis from -$5.2 billion in Q3 2024, and down 15.81% year-over-year from -$7.1 billion in Q3 2024.
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Analysis
National Grid (NGG) Capital Expenditures (2009 - 2025) Analysis & Trends
National Grid has reported Capital Expenditures for 10 years, with the latest figure at -$6.0 billion in Q3 2025.
- On a quarterly basis, Capital Expenditures fell 15.81% year-over-year to -$6.0 billion in Q3 2025; TTM through Sep 2025 was -$17.5 billion, a 28.38% decrease from a year earlier, with the FY2026 full-year figure at -$13.5 billion, down 21.78% from the prior year.
- Capital Expenditures was -$6.0 billion for Q3 2025 at National Grid, down from -$5.2 billion in the prior quarter.
- The five-year high for Capital Expenditures was -$4.0 billion in Q3 2023, with the low at -$6.0 billion in Q3 2025.
- Average Capital Expenditures over 3 years is -$5.1 billion, with a median of -$5.2 billion recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Capital Expenditures dropped 28.12% in 2024, then declined 15.81% in 2025.
- Over 3 years, Capital Expenditures stood at -$4.0 billion in 2023, then decreased by 28.12% to -$5.2 billion in 2024, then declined by 15.81% to -$6.0 billion in 2025.
- The last three Capital Expenditures figures came in at -$6.0 billion (Q3 2025), -$5.2 billion (Q3 2024), and -$4.0 billion (Q3 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 306.41 Bn | 306.41 Bn | 890.00 Mn | - |
| 2 | National Grid | 79.91 Bn | 76.14 Bn | - | - |
| 3 | Dominion Energy | 54.94 Bn | 58.84 Bn | 3.50 Bn | 87.00 Mn |
| 4 | Xcel Energy | 44.99 Bn | 42.98 Bn | 3.12 Bn | 2.95 Bn |
| 5 | Wec Energy | 33.53 Bn | 33.88 Bn | 1.45 Bn | 1.26 Bn |
| 6 | Ameren | 28.13 Bn | 28.25 Bn | - | 1.08 Bn |
| 7 | Fortis | 27.32 Bn | 28.61 Bn | 1.60 Bn | -1.16 Bn |
| 8 | American Water Works Company | 26.60 Bn | 26.40 Bn | 874.00 Mn | 860.00 Mn |
| 9 | Atmos Energy | 26.60 Bn | 26.07 Bn | - | 1.04 Bn |
| 10 | Firstenergy | 25.89 Bn | 27.19 Bn | 2.51 Bn | 1.35 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -6.00 Bn |
| Sep 30, 2024 | -5.18 Bn |
| Sep 30, 2023 | -4.04 Bn |
| Sep 30, 2017 | -2.29 Bn |
| Sep 30, 2016 | -2.13 Bn |
| Sep 30, 2015 | -2.69 Bn |
| Sep 30, 2014 | -449.40 Mn |
| Sep 30, 2013 | -2.27 Bn |
| Sep 30, 2012 | -2.61 Bn |
| Sep 30, 2009 | -2.27 Bn |
API Access
National Grid Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=NGG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "NGG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=NGG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();