Centrica (LON:CNA) Announces Quarterly Earnings Results

Centrica (LON:CNA) issued its quarterly earnings results 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 21.92% and a net margin of 3.64%.

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 Price Performance

Shares of LON CNA opened at GBX 163 on Friday. The company has a debt-to-equity ratio of 80.68, a current ratio of 1.43 and a quick ratio of 0.40. Centrica has a 1-year low of GBX 153.60 and a 1-year high of GBX 220.30. The company has a market capitalization of £7.38 billion, a price-to-earnings ratio of -108.67, a PEG ratio of 0.45 and a beta of 0.34. The business has a 50-day moving average of GBX 180.60 and a 200-day moving average of GBX 191.82.

Wall Street Analyst Weigh In

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

Insider Transactions at Centrica

In other Centrica news, insider Chris O’Shea purchased 456 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of GBX 202 per share, for a total transaction of £921.12. Also, insider Jonathan Howell acquired 50,000 shares of Centrica stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of GBX 197 per share, for a total transaction of £98,500. Insiders have acquired a total of 81,703 shares of company stock worth $16,192,642 over the last three months. Insiders own 0.39% of the company’s stock.

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.