Pennon Group Plc (OTCPK:PEGRY) Q2 2026 Earnings Call November 27, 2025 3:00 AM EST Company Participants Susan Davy Laura Flowerdew - CFO & Director Sarah Heald - Chief Strategy, Regulatory Affairs & Investor Relations Officer Conference Call Participants Sarah Lester - Morgan Stanley, Research Division Julius Nickelsen - BofA Securities, Research Division James Brand - Deutsche Bank AG, Research Division Mark Freshney - UBS Investment Bank, Research Division Laura Marconi - Barclays Bank PLC, Research Division Jenny Ping - Citigroup Inc., Research Division Presentation Susan Davy Good morning, everyone. I'm Susan Davy, CEO of Pennon Group.
Pennon Group PLC (LSE:PNN, OTC:PEGRY) shares rose 3% to 544.5p as the water company reported a return to profit for the first half of 2025/26, but the results were not as strong as some analysts expected. The owner of South West Water and Bristol Water also cut its interim dividend by nearly a quarter to 9.26p per share, citing timing mechanics following last year's rights issue.
After an eight-month climb that has lifted Pennon Group PLC (LSE:PNN, OTC:PEGRY) shares by nearly 30%, Citi thinks it is time for a breather. The broker has cut the South West Water owner to neutral, arguing that the stock's recovery and falling gilt yields have already done most of the heavy lifting.
| Water Utilities Industry | Utilities Sector | Ms. Susan Jane Davy A.C.A., B.Sc., Bsc Hons CEO | OTC PINK Exchange | 708326103 CUSIP |
| GB Country | 4,000 Employees | 21 Feb 2025 Last Dividend | 23 Jul 2021 Last Split | - IPO Date |
Pennon Group Plc is an established provider of water and wastewater services primarily in the United Kingdom. Since its inception in 1989, the company has been dedicated to supplying clean water and managing wastewater efficiently across several regions. Based in Exeter, the UK, Pennon Group serves a vital role in the environmental management and infrastructure sector by ensuring the delivery of essential water services to both household and non-household customers. Operating primarily in Cornwall, Devon, as well as parts of Dorset and Somerset, the company has expanded its offerings to include regulated water services to around 1.2 million customers in the Bristol area. Through its specialized divisions, Pennon Group Plc has become a key player in supporting sustainable water usage and treatment, contributing significantly to the well-being of the communities it serves.
These are the core services provided by Pennon Group Plc, catering to both residential and business customers in Cornwall, Devon, and parts of Dorset and Somerset. The company ensures the provision of high-quality drinking water and the efficient treatment of wastewater, adhering to strict regulatory standards to protect public health and the environment.
Aside from comprehensive water and wastewater solutions, Pennon Group offers water-only services in areas of Dorset, Hampshire, and Wiltshire. This service focuses on supplying clean and safe drinking water to communities without the wastewater management component.
Pennon Group extends its service portfolio to non-household customers across Great Britain, providing tailored water and wastewater retail services. This segment caters to the specific needs of businesses, offering solutions that aim to optimize water use and manage costs effectively.
Targeting approximately 1.2 million customers, the company's regulated water services in the Bristol area underscore its commitment to ensuring access to clean water. This service highlights the company's regional focus and its ability to meet the demands of a large customer base with consistency and reliability.