Centrica (LON:CNA) Posts Quarterly Earnings Results

Centrica (LON:CNA) released its quarterly earnings data on Thursday. The integrated energy company reported GBX 6.80 earnings per share for the quarter, Digital Look Earnings reports. Centrica had a return on equity of 1.68% and a net margin of 0.37%.

Here are the key takeaways from Centrica’s conference call:

• Centrica said first-half 2026 adjusted EBITDA was GBP 737 million and adjusted EPS was GBP 0.068, with higher transformation spending weighing on reported earnings. Excluding the GBP 90 million of investment, management said EPS would have been up 8% year on year.
• The company increased its interim dividend by 9% to GBP 0.02, pointing to a strong balance sheet with net cash of just over GBP 700 million despite a first-half free cash outflow.
• Retail EBITDA was slightly higher year on year, helped by better operations and pricing, but management admitted the business is still facing elevated bad debts and softer second-half economics from the commodity curve. Centrica said it is pushing Ofgem and also wants a longer-term social tariff solution.
• Centrica Energy remains on track for its 2026 EBITDA guidance of around GBP 250 million, but management said the Middle East conflict has changed the market backdrop and reduced upside for 2027. The business is now expecting 2027 EBITDA to be around 2025/2026 levels, with longer-term growth still supported by LNG deals and route-to-market expansion.
• Management reaffirmed its longer-term ambition of GBP 2 billion EBITDA and doubling EPS by 2030, citing transformation savings, contracted infrastructure investments, and growth opportunities such as Severn, Sizewell C, and the meter asset business. They also said the portfolio is shifting toward more predictable, credit-positive cash flows.

Centrica Trading Down 0.3%

CNA opened at GBX 161.30 on Friday. The firm has a market cap of £7.31 billion, a price-to-earnings ratio of -107.53, a PEG ratio of 0.45 and a beta of 0.34. The company has a current ratio of 1.45, a quick ratio of 0.40 and a debt-to-equity ratio of 92.58. Centrica has a 12 month low of GBX 153.60 and a 12 month high of GBX 220.30. The stock has a fifty day moving average price of GBX 181.13 and a 200-day moving average price of GBX 192.02.

Insider Activity

In related news, insider Russell O’Brien acquired 151 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of GBX 202 per share, with a total value of £305.02. Also, insider Sue Whalley acquired 490 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of GBX 199 per share, for a total transaction of £975.10. Insiders bought a total of 81,703 shares of company stock worth $16,192,642 over the last ninety days. 0.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on CNA. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 225 target price on shares of Centrica in a report on Monday, May 11th. JPMorgan Chase & Co. reduced their price target on shares of Centrica from GBX 245 to GBX 235 and set an “overweight” rating for the company in a report on Friday, May 15th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 210 price target on shares of Centrica in a research report on Friday, May 8th. Finally, Berenberg Bank upped their price target on shares of Centrica from GBX 190 to GBX 230 and gave the stock a “buy” rating in a research report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Centrica has a consensus rating of “Moderate Buy” and an average price target of GBX 221.33.

About Centrica

Centrica is energising a greener, fairer future for our colleagues, customers and communities. Our integrated business operates across the energy value chain, with over ten million Retail customers, leading brands such as British Gas and Bord Gáis Energy, and the UK’s largest energy services workforce. Our Infrastructure businesses bring gas and electricity to the market every day and provide more than half of the UK’s gas storage capacity, while our Optimisation business delivers world-class procurement and route-to-market capabilities to the Group and third parties, supporting energy security and our customers’ decarbonisation journeys.