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Power utility National Grid said it expected is annual earnings to show a 'marginally greater' half-on-half weighting compared to previous years.
In a trading update for the six months through September, the company said it expected the first-half earnings weighting in its US regulated operations to be in line with the prior year.
In the UK electricity transmission unit, depreciation was now expected to increase by around £50 million in the full year.
Net finance costs were expected to be weighted more towards the second half as a result of non-treasury interest benefits in the first half.
'Overall, the group continues to perform in line with expectations, however first-half underlying earnings per share is expected to see a marginally greater weighting this year versus prior years.'