SSE, the FTSE 100 energy group, has kept its earnings targets for this year and the end of the decade, after a first half marked by sharply higher networks spending and stronger renewables output.
The company still expects adjusted earnings per share of between 168p and 193p for the 2026/27 financial year.
It also reiterated guidance of 225p to 250p for 2029/30.
Expectations for each business unit are unchanged, though SSE said the outcome still depends on weather, market conditions and plant availability.
The key winter months, when demand for power peaks, are still to come.
Half-year in line
For the first half, SSE expects adjusted earnings per share of between 64p and 68p.
The company said its results were now less seasonal than in previous years, as regulated networks make up a growing share of its profits.
Regulated networks earn returns set by Ofgem, the energy regulator, which makes their profits steadier through the year than those from power generation.
Investment in SSE's networks business, which owns and runs electricity transmission and distribution lines, was around 70% higher than a year earlier.
Most of the increase came in transmission, the high-voltage grid that carries power over long distances, where work is speeding up across 11 major projects.
Weather lifts output
Renewable generation is expected to be around 20% higher than in the same period last year.
SSE put that down to more favourable weather and new capacity coming on stream.
Construction at Dogger Bank, the offshore wind farm being built off the Yorkshire coast, is going to plan, with turbine installation on the Dogger Bank B phase now past the halfway point.
Capital investment is expected to reach around £2.5 billion for the half-year.
Adjusted net debt and hybrid capital, a form of funding that sits between debt and equity, should stand at around £11.5 billion.
Full half-year results are due on 18 November.
