Investor relations and Debt investor relations are managed by Cadent's Corporate Treasury Team. The information contained within this area is generally for institutional investors and analysts interested in Cadent.

Company overview

Cadent Gas Limited, formerly known as National Grid Gas Distribution Ltd, (“Cadent” or the “Company”) is the largest regulated distributor of gas in the UK.

We own four of the eight regulated gas distribution networks. We own and operate over 131,000 kilometres of lower-pressure gas distribution mains, serving 10.8 million homes and businesses.

We work with various parties who are involved in the gas industry to ensure gas is available where and when it’s needed. Following production and importation, all gas in the UK passes through National Grid’s national transmission system, before entering the distribution networks. The distribution network providers, one of which is Cadent, are responsible for the safe and efficient transportation of the gas to the end consumer, on behalf of the chosen supplier.

Gas accounts for 66 per cent of the UK’s non-transport final energy consumption and is a critical component of the UK energy infrastructure. With a total regulated asset value of £9.6 billion as of September 2018 Cadent accounts for almost half of the industry's asset base. We are the second largest energy network operator in the UK, behind only National Grid Electricity Transmission, and all of our revenues are regulated under a price control framework monitored by Ofgem.

 

2018 in numbers

Revenue
£1,852m
 

RAV EBITDA
£1,049m
 

Op Profit
£724m
 

Capital Inv
£612m
 

Additional information

Group structure

More information on the ownership of Cadent.

 

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Our performance

We are regulated by Ofgem under a price control framework called RIIO.

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Debt investors

Information for institutional investors and analysts interested in Cadent.

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Downloads

Investor Slideshow (2018/19)
Investor Meetings, 5th & 6th September 2018 Slide pack

Bond Programmes (2018/19)
Cadent Finance Plc Prospectus Dec 2018
Quadgas Finance Plc Prospectus Dec 2018

Cadent Accounts (2018/19)
Cadent Finance plc Interim Management Report Sept 2018
Cadent Gas Ltd Interim Management Report Sept 2018
Annual Report and Financial Statements - scheduled to be available to view on 19/07/2019

Quadgas Accounts (2018/19)
Quadgas Finance plc Interim Management Report Sept 2018
Quadgas Midco Limited Interim Management Report Sept 2018
Annual Report and Financial Statements - scheduled to be available to view on 19/07/2019

Document archive

Contact us

If you would like to contact Cadent's Corporate Treasury Team please email us.