macro

United Utilities: revenue and operating profit rise, FY27 capex guidance tops £2bn

UK water utility United Utilities reported first-half revenue up 9.1% and operating profit up 6.9%, according to TradingView.

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what happened

According to TradingView, United Utilities posted underlying first-half revenue growth of 9.1%, to £1.41bn. Operating profit rose 6.9% to £579m, while earnings per share eased 1.6%.

Capital expenditure reached £993m, and net regulatory capex climbed 74.7%. Asset growth was 9.5%. The company raised its FY27 capex guidance to above £2bn, backed by an £800m equity raise and gearing of 56%. It said AMP8 delivery and funding remain on track.

why it matters

For markets, the key question is how United Utilities will fund capital spending above £2bn next year. Higher operating profit alongside lower EPS makes the picture mixed.

market impact

United Utilities shares: profit growth alongside a equity raise to fund capex gives a mixed backdrop

  • United Utilities shares mixed — operating profit growth is offset by lower EPS and the need to fund higher capex

tags

instruments

United Utilities sharesUK utilitiesGBP/USD ↗

sources

  1. UU.: Higher underlying profit and record investment, with FY27 capex guidance above £2bn — TradingView, 12 November 2026 at 07:05 UTC
  2. UU.: Revenue and operating profit grew; FY27 capex guidance rose above £2bn — TradingView, 12 November 2026 at 07:12 UTC
  3. UU.: Revenue and operating profit grew as FY27 capex guidance rose above £2bn — TradingView, 12 November 2026 at 07:10 UTC

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