Reported Earnings • Jul 24
First half 2026 earnings released: EPS: UK£0.12 (vs UK£0.051 loss in 1H 2025) First half 2026 results: EPS: UK£0.12 (up from UK£0.051 loss in 1H 2025). Revenue: UK£10.2b (flat on 1H 2025). Net income: UK£532.0m (up UK£783.0m from 1H 2025). Profit margin: 5.2% (up from net loss in 1H 2025). Revenue is forecast to stay flat during the next 3 years compared to a 5.9% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Anuncio • Jul 24
Centrica plc to Report First Half, 2026 Results on Jul 23, 2026 Centrica plc announced that they will report first half, 2026 results on Jul 23, 2026 Anuncio • Jul 23
Centrica plc Approves Interim Dividend for the Six Months Ended 30 June 2026, Payable on 22 September 2026 Centrica plc announced that on 22 July 2026 the Directors approved an interim dividend of 2.00 pence per share for the six months ended 30 June 2026 against 1.83 pence per share a year ago. The dividend will be paid on 22 September 2026 to those shareholders registered on 21 August 2026. Board Change • May 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Jonathan Anton Howell was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Anuncio • May 13
Centrica plc Announces Board and Committee Changes Centrica plc announced the appointment of Jonathan Howell as a Non-Executive Director of the Company with effect from 12 May 2026. Jonathan will also become Chair of the Audit and Risk Committee and a member of the Nominations Committee, with effect from 31 July 2026. Jonathan has significant board-level executive and non-executive experience across FTSE-listed and regulated businesses, with particular expertise in finance, governance, risk and transformation. He is currently a Non-Executive Director and Chair of the Audit Committee of Experian plc and Whitbread plc, and previously served on the boards of Sage Group plc, EMAP plc, FTSE International Ltd. and CrestCo Ltd. Jonathan brings deep financial leadership experience gained in complex, highly regulated environments. Having trained as a Chartered Accountant, his extensive executive career includes roles such as the CFO of Sage Group plc, Close Brothers Group plc and London Stock Exchange Group plc. Nathan Bostock will step down from the Board, the Nominations Committee, the Safety, Environment and Sustainability Committee and as Chair of the Audit and Risk Committee with effect from 31 July 2026. In accordance with the obligations under UK Listing Rule 6.4.6, Jonathan Howell currently holds the following non-executive directorships in quoted companies: Whitbread plc and Experian plc. Jonathan Howell was previously a director of Sage Group plc. Anuncio • May 09
Centrica plc Approves the Final Cash Dividend on Ordinary Share Centrica plc at its 2026 Annual General Meeting held on May 7, 2026, approved the final cash dividend of 3.67 pence per ordinary share. Anuncio • May 08
Centrica plc (LSE:CNA) acquired Severn combined-cycle gas turbine power station from Calon Energy Limited for approximately £370 million. Centrica plc (LSE:CNA) acquired Severn combined-cycle gas turbine power station from Calon Energy Limited for approximately £370 million on May 7, 2026. A cash consideration of £370 million will be paid by Centrica plc. As part of consideration, £370 million is paid towards assets of Severn combined-cycle gas turbine power Centrica will fund the acquisition of Severn entirely from existing cash resources, on a cash-free, debt-free basis. Citigroup Global Markets Limited acted as financial advisor to Centrica plc. Slaughter and May and Freeths LLP acted as legal advisor to Centrica plc.
Centrica plc (LSE:CNA) completed the acquisition of Severn combined-cycle gas turbine power station from Calon Energy Limited on May 7, 2026. Anuncio • Dec 19
Centrica plc Announces Directorate and Committee Changes Centrica announced that Heidi Mottram, Non-Executive Director of Centrica plc, will step down from the Board with effect from 31 December 2025. Heidi has served on the Board since 1 January 2020 and has contributed significantly to the work of the Nominations and Remuneration Committees and as Chair of the Safety, Environment and Sustainability Committee. The Board thanks her for her valuable contribution. Centrica also announces that Amber Rudd will be appointed as Chair of the Safety, Environment and Sustainability Committee and will join the Nominations Committee, both with effect from 1 January 2026. Anuncio • Nov 28
Centrica plc (LSE:CNA) and Energy Capital Partners, LLC completed the acquisition of National Grid Grain LNG Limited and Thamesport Interchange Limited from National Grid plc (LSE:NG.) Centrica plc (LSE:CNA) and Energy Capital Partners, LLC entered into a sale and purchase agreement to acquire National Grid Grain LNG Limited/Thamesport Interchange Limited from National Grid plc (LSE:NG.) for an enterprise value of £1.5 billion on August 14, 2025. A cash consideration will be paid by Centrica plc and Energy Capital Partners, LLC. The purchase of Grain LNG is for an enterprise value of £1.5 billion.
Centrica's 50% share of the equity investment of approximately £200 million will be funded from it's existing cash resources. Centrica plc and Energy Capital Partners has also secured approximately £1.1 billion of committed financing, which will be drawn at closing, to fund a portion of the enterprise value.
The transaction is conditional upon certain regulatory approvals being received, including approval under the National Security and Investment Act and certain mandatory anti-trust approvals. The completion of the transaction is expected to occur in Q4 this calendar year.
Brian O'Keeffe, Conor Hennebry and Martin Weltman Banco Santander, S.A., London Branch acted as financial advisor for Centrica plc and Energy Capital Partners, LLC. Slaughter and May acted as legal advisor for Centrica plc. Latham & Watkins LLP acted as legal advisor for Centrica plc and Energy Capital Partners, LLC. Morgan Stanley acted as financial advisor to National Grid plc. Charles Steward, Caroline Rae, Reza Dadbakhsh, Silke Goldberg, David Coulling, Veronica Roberts, Howard Murray and Tim Leaver of Herbert Smith Freehills LLP acted as legal advisor to National Grid plc (LSE:NG.)
Centrica plc (LSE:CNA) and Energy Capital Partners, LLC completed the acquisition of National Grid Grain LNG Limited and Thamesport Interchange Limited from National Grid plc (LSE:NG.) on November 28, 2025. Anuncio • Sep 22
Centrica plc Appoints Frank Mastiaux as a Non-Executive Director, Effective 22 September 2025 Centrica announced the appointment of Frank Mastiaux as a Non-Executive Director of the Company with effect from 22 September 2025. Frank will also join the Company's Safety, Environment and Sustainability Committee (SESC). Frank is an experienced executive and board member with over three decades in the energy industry. He served as CEO of Energie Baden-Württemberg AG (EnBW) from 2012 to 2022, where he led a strategic transformation that significantly increased the company's market capitalisation and positioned it as a leader in renewable energy. Prior to that, he held senior roles at BP and E.ON, including CEO of E.ON Climate & Renewables and CEO of BP's global LPG business. Frank currently serves as Chair of Sunfire SE, a hydrogen technology company, and is an advisory board member at Boehringer Ingelheim. He was previously a Supervisory Board member at Alstom Group. He holds a PhD in Analytical Chemistry from the University of Duisburg. Anuncio • Aug 14
Centrica plc (LSE:CNA) and Energy Capital Partners, LLC entered into a sale and purchase agreement to acquire National Grid Grain LNG Limited/Thamesport Interchange Limited from National Grid plc (LSE:NG.). Centrica plc (LSE:CNA) and Energy Capital Partners, LLC entered into a sale and purchase agreement to acquire National Grid Grain LNG Limited/Thamesport Interchange Limited from National Grid plc (LSE:NG.) on August 14, 2025. A cash consideration will be paid by Centrica plc and Energy Capital Partners, LLC. The purchase of Grain LNG is for an enterprise value of £1.5 billion.
Centrica's 50% share of the equity investment of approximately £200 million will be funded from it's existing cash resources. Centrica plc and Energy Capital Partners has also secured approximately £1.1 billion of committed financing, which will be drawn at closing, to fund a portion of the enterprise value.
The transaction is conditional upon certain regulatory approvals being received, including approval under the National Security and Investment Act and certain mandatory anti-trust approvals. The completion of the transaction is expected to occur in Q4 this calendar year.
Brian O'Keeffe, Conor Hennebry and Martin Weltman Banco Santander, S.A., London Branch acted as financial advisor for Centrica plc and Energy Capital Partners, LLC. Slaughter and May acted as legal advisor for Centrica plc. Latham & Watkins LLP acted as legal advisor for Centrica plc and Energy Capital Partners, LLC. Morgan Stanley acted as financial advisor to National Grid plc. Anuncio • Jul 30
Centrica plc (LSE:CNA) acquired 16% stake in Gasrec Ltd. Centrica plc (LSE:CNA) acquired 16% stake in Gasrec Ltd. on July 30, 2025.
Centrica plc (LSE:CNA) completed the acquisition of 16% stake in Gasrec Ltd. on July 30, 2025. Anuncio • Jul 25
Centrica plc Declares Interim Dividend for the First Half of 2025 Centrica plc declared interim dividend of 1.83 pence per share for the first half of 2025 (H1 2024: 1.50 pence per share). Anuncio • Jul 22
Centrica plc to Report First Half, 2025 Results on Jul 24, 2025 Centrica plc announced that they will report first half, 2025 results on Jul 24, 2025 Anuncio • Jul 08
Centrica plc Appoints Alessandra Pasini as A Non-Executive Director; Member of Audit and Risk Committee and Nominations Committee Centrica plc announce the appointment of Alessandra Pasini as a Non-Executive Director of the Company with immediate effect. Alessandra will also become a member of the Company's Audit and Risk Committee and Nominations Committee. Anuncio • May 09
Centrica plc Approves the Final Cash Dividend Centrica plc at its AGM held on May 8, 2025, approved the final cash dividend of 3.0 pence per ordinary share. Anuncio • Feb 22
Centrica plc Proposes Final Dividend for the Year Ended 31 December 2024, Payable on 5 June 2025 and Proposes Dividend for Full Year 2025 Centrica plc is proposing a 2024 final dividend of 3.0 pence per share for the year ended 31 December 2024, taking the full year dividend to 4.5 pence from 4.0 pence per share in 2023, with an intent to raise the 2025 dividend per share by a further 22% to 5.5 pence. The dividend will be submitted for formal approval at the Annual General Meeting to be held on 8 May 2025 and, subject to approval, will be paid on 5 June 2025 to those shareholders registered on 2 May 2025. Ex-dividend date for 2024 final dividend is 1 May 2025. Anuncio • Feb 21
Centrica plc, Annual General Meeting, May 08, 2025 Centrica plc, Annual General Meeting, May 08, 2025. Anuncio • Feb 20
Centrica plc to Report Fiscal Year 2024 Results on Feb 20, 2025 Centrica plc announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on Feb 20, 2025 Anuncio • Nov 15
Centrica plc Announces Board Changes, Effective 16 December 2024 On 25 July 2024, Centrica plc announced that Kevin O'Byrne, currently Senior Independent Director, would succeed Scott Wheway as Chair of the Board from 16 December 2024. The company also announced the appointment of Jo Harlow as Senior Independent Director, effective from 16 December 2024. Jo was appointed to the Centrica Board on 1 December 2023 and serves as a member of the Remuneration and Nominations Committees. Anuncio • Oct 07
British Gas Owner Reportedly Mulls £1 Billion Stake in Hinkley THE owner of British Gas is exploring a potential investment in Hinkley Point C Solutions Limited as French state energy giant Electricité de France S.A. (EDF) scrambles to raise more funds for the troubled nuclear project. Centrica plc (LSE:CNA) has held discussions about a possible deal in recent months, although the talks are at an early stage, The Telegraph understands. City sources suggested the company could put at least £1 billion into the scheme, which is being built in Somerset, in exchange for a stake of 5% or more. Any deal would also likely secure Centrica a share of the plant's electricity output, at a time when energy suppliers are revisiting nuclear as a potential source of "clean" power to replace fossil fuels. It comes as EDF, which owns 68% of Hinkley, faces a reported £5 billion shortfall in funding needed to complete the scheme. As part of efforts to plug the gap, the company and the French government have lobbied for financial support from the UK Government while also seeking new private backers. An investment by Centrica would extend a long-running partnership between the British company and EDF. The FTSE 100 giant already holds a 20% share in all five of EDF's remaining UK nuclear power stations. This also entitles it to trade an equivalent share of the electricity they generate, a deal that has helped Centrica net at least £1.5 billion in profits since the 2022 surge in power prices. With all but one of the plants scheduled to close this decade, however, the company's bosses have been exploring whether to invest in new nuclear projects. Until now, Centrica's only interest was thought to be in the proposed Sizewell C plant in Suffolk. Those in talks with the Government include Centrica, Emirates Nuclear Energy Corporation (Enec), Schroders Greencoat and Amber Infrastructure Group. However, one City source said there was crossover between the Sizewell bidders and those having talks with EDF about a possible investment in Hinkley, with Centrica having expressed interest in the latter as well. Centrica is expected to back only one of the nuclear schemes, or neither, people familiar with the discussions suggested. It is seen as unlikely to invest in both. Hinkley may ultimately look more attractive to energy supplier Centrica, depending on the terms, as the plant is due to come online before Sizewell, the City source said. This is despite significant delays and cost overruns. They added: "It would be a bit weird, strategically, for Centrica executives to say we want to lock a billion pounds of shareholders' money up for 15 years before a single electron gets produced. "The more strategic transaction would be to put a billion into Hinkley, but with a very good deal from EDF." On October 4, 2024, a spokesman for Centrica declined to comment. EDF also declined to comment. Upcoming Dividend • Sep 26
Upcoming dividend of UK£0.015 per share Eligible shareholders must have bought the stock before 03 October 2024. Payment date: 14 November 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.6%). Anuncio • Sep 17
Centrica plc (LSE:CNA) agreed to acquire Nine 100-MW battery energy storage system (BESS) projects in Sweden from Future Generation Renewable Energy AG. Centrica plc (LSE:CNA) agreed to acquire Nine 100-MW battery energy storage system (BESS) projects in Sweden from Future Generation Renewable Energy AG on September 16, 2024. Buy Or Sell Opportunity • Sep 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.5% to €1.41. The fair value is estimated to be €1.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 65%. For the next 3 years, revenue is forecast to decline by 2.7% per annum. Earnings are also forecast to decline by 9.9% per annum over the same time period. Reported Earnings • Jul 28
First half 2024 earnings released: EPS: UK£0.25 (vs UK£0.73 in 1H 2023) First half 2024 results: EPS: UK£0.25 (down from UK£0.73 in 1H 2023). Revenue: UK£10.5b (down 36% from 1H 2023). Net income: UK£1.33b (down 68% from 1H 2023). Profit margin: 13% (down from 25% in 1H 2023). Revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 28
First half dividend of UK£0.015 announced Shareholders will receive a dividend of UK£0.015. Ex-date: 3rd October 2024 Payment date: 14th November 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 29% over the next 3 years. However, it would need to fall by 77% to increase the payout ratio to a potentially unsustainable range. Anuncio • Jul 26
Centrica plc Announces Board Changes Centrica plc announced that Scott Wheway will step down as Chair of the Company after almost nine years on the Board and five years as Chair and will not seek re-election as a Director. The Board announced that, effective 16 December 2024, Kevin O'Byrne will succeed Scott and will be appointed as Chair of the Company. Kevin has served as a Non-Executive Director of the Company since May 2019 and is currently the Company's Senior Independent Director and a member of the Nominations Committee and Audit and Risk Committee. Kevin was Chair of Centrica plc's Audit and Risk Committee from 2019 to 2023. In line with UK Corporate Governance Code recommendations, as the Senior Independent Director was a candidate for the role of Chair, non-executive director Amber Rudd led a comprehensive search process, considering both internal and external candidates. Kevin brings extensive executive and Board experience, in addition to knowledge of Centrica's operations, to the role. He has significant experience of complex financial and capital allocation decision making matters. Kevin has held CFO and CEO roles in a number of leading UK and international retailers since 2004, including Chief Financial Officer of J Sainsbury plc from 2017 to 2023. He was previously an executive director of Kingfisher plc and Dixons Retail plc. He was a non-executive director of Land Securities plc from 2008 to 2017 where he was Chair of the Audit Committee and Senior Independent Director. Kevin is currently also a non-executive director of NYSE listed International Flavors & Fragrances Inc. (IFF), a multinational market leading supplier to the food, beverage, beauty, and household and personal care sectors. At IFF he is Chair of the Governance & Corporate Responsibility Committee and sits on the Innovation and Audit Committees. Buy Or Sell Opportunity • Jul 01
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €1.62. The fair value is estimated to be €1.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 9.3% per annum. Earnings are also forecast to decline by 39% per annum over the same time period. Buy Or Sell Opportunity • Jun 20
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.4% to €1.58. The fair value is estimated to be €1.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings are also forecast to decline by 39% per annum over the same time period. Anuncio • Jun 06
Centrica plc Approves the Final Cash Dividend Centrica plc at its AGM held on June 5, 2024, approved the final cash dividend of 2.67 pence per ordinary share. Buy Or Sell Opportunity • Jun 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to €1.66. The fair value is estimated to be €1.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings are also forecast to decline by 41% per annum over the same time period. Upcoming Dividend • May 23
Upcoming dividend of UK£0.027 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 11 July 2024. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.4%). Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: UK£0.71 (vs UK£0.13 loss in FY 2022) Full year 2023 results: EPS: UK£0.71 (up from UK£0.13 loss in FY 2022). Revenue: UK£26.5b (up 11% from FY 2022). Net income: UK£3.93b (up UK£4.71b from FY 2022). Profit margin: 15% (up from net loss in FY 2022). Revenue is forecast to decline by 11% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 18
Final dividend of UK£0.027 announced Shareholders will receive a dividend of UK£0.027. Ex-date: 30th May 2024 Payment date: 11th July 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (6% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 83% over the next 3 years. However, it would need to fall by 94% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: UK£0.71 (vs UK£0.13 loss in FY 2022) Full year 2023 results: EPS: UK£0.71 (up from UK£0.13 loss in FY 2022). Revenue: UK£26.5b (up 11% from FY 2022). Net income: UK£3.93b (up UK£4.71b from FY 2022). Profit margin: 15% (up from net loss in FY 2022). Revenue is forecast to decline by 11% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Anuncio • Feb 14
Centrica plc to Report Fiscal Year 2023 Results on Feb 15, 2024 Centrica plc announced that they will report fiscal year 2023 results at 7:00 AM, Coordinated Universal Time on Feb 15, 2024 Anuncio • Nov 23
Centrica plc Announces Management Appointments, Effective December 1, 2023 Centrica plc announced the appointment of Jo Harlow and Sue Whalley as Non-Executive Directors of the Company with effect from 1 December 2023, whereupon Jo and Sue will also become members of the Company's Remuneration Committee and Nominations Committee. Jo Harlow has more than 25 years' experience working in various senior roles, predominantly in the branded and technology sectors. Prior to her non-executive career, Jo held the position of Corporate Vice President of the Phones Business Unit at Microsoft. She previously spent 11 years at Nokia Corporation in a number of senior management roles, including Executive Vice President of Smart Devices. Jo currently serves as Non-Executive Director and Remuneration Committee Chair at InterContinental Hotels Group PLC and J Sainsbury plc, and as Senior Independent Director and Remuneration Committee Chair at Halma plc. She is also a Non-Executive Director at Chapter Zero Limited. Jo will be retiring from the Board of InterContinental Hotels Group PLC on 31 December 2023. Jo was also previously a Non-Executive Director of Ceconomy AG from 2017 to 2021. She attended Duke University in North Carolina and has a BSc in Psychology. Sue Whalley is Chief People and Performance Officer at Associated British Foods plc (ABF), having been appointed to the role in 2019. Prior to joining ABF, Sue spent 12 years at Royal Mail Group, where she held a number of executive roles including Chief Executive Officer of the Post & Parcels division and Chief Operations Officer. Prior to that, Sue was a Partner at McKinsey & Company where she spent nearly 18 years in management consultancy. Sue is a graduate of University of Cambridge and holds an MBA from Harvard Business School. Board Change • Oct 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Philippe Boisseau was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 28
Upcoming dividend of UK£0.013 per share at 2.2% yield Eligible shareholders must have bought the stock before 05 October 2023. Payment date: 16 November 2023. Payout ratio is a comfortable 4.5% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.8%). Anuncio • Aug 12
Centrica plc Announces Appointment of Philippe Boisseau as Non-Executive Director, Member of Safety, Environment and Sustainability Committee, Audit and Risk Committee and Nominations Committee, Effective 1 September 2023 Centrica plc announced the appointment of Philippe Boisseau as a Non-Executive Director of the Company with effect from 1 September 2023, whereupon he will also become a member of the Company's Safety, Environment and Sustainability Committee, Audit and Risk Committee and Nominations Committee. Anuncio • Jul 29
Centrica plc Proposes Interim Dividend for the Six Months Ended 30 June 2023, Payable 16 November 2023 The Directors of Centrica plc propose an interim dividend of 1.33 pence per ordinary share (totalling £74 million) for the six months ended 30 June 2023. The dividend will be paid on 16 November 2023 to those shareholders registered on 6 October 2023 and ex dividend date is 5 October 2023. New Risk • Jul 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 50% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 50% per year for the foreseeable future. High level of non-cash earnings (54% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 28
First half 2023 earnings released: EPS: UK£0.73 (vs UK£0.15 loss in 1H 2022) First half 2023 results: EPS: UK£0.73 (up from UK£0.15 loss in 1H 2022). Revenue: UK£16.5b (up 60% from 1H 2022). Net income: UK£4.15b (up UK£5.01b from 1H 2022). Profit margin: 25% (up from net loss in 1H 2022). Revenue is forecast to decline by 8.3% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Anuncio • Jun 14
Centrica plc Approves Final Cash Dividend Centrica plc announced that at the AGM was held on 13 June 2023, the company approved final cash dividend of 2 pence per ordinary. Anuncio • Jun 13
Centrica plc to Report First Half, 2023 Results on Jul 27, 2023 Centrica plc announced that they will report first half, 2023 results on Jul 27, 2023 Upcoming Dividend • Jun 01
Upcoming dividend of UK£0.02 per share at 3.3% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 20 July 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.7%). Board Change • Apr 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Group CFO & Executive Director Russell O'Brien was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 24
Full year 2022 earnings released: UK£0.13 loss per share (vs UK£0.10 profit in FY 2021) Full year 2022 results: UK£0.13 loss per share (down from UK£0.10 profit in FY 2021). Revenue: UK£23.7b (up 61% from FY 2021). Net loss: UK£782.0m (down 233% from profit in FY 2021). Revenue is expected to fall by 2.3% p.a. on average during the next 3 years compared to a 1.2% decline forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 17
Full year 2022 earnings released: UK£0.13 loss per share (vs UK£0.10 profit in FY 2021) Full year 2022 results: UK£0.13 loss per share (down from UK£0.10 profit in FY 2021). Revenue: UK£23.7b (up 61% from FY 2021). Net loss: UK£782.0m (down 233% from profit in FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year. Anuncio • Feb 16
Centrica plc Proposes Final Dividend, Payable on 20 July 2023 Centrica plc proposed a final dividend of 2.00 pence per ordinary share (totalling £118 million) for the year ended 31 December 2022. The dividend will be submitted for formal approval at the Annual General Meeting to be held on 13 June 2023 and, subject to approval will be paid on 20 July 2023 to those shareholders on the register at 9 June 2023. Anuncio • Jan 25
Centrica plc (LSE:CNA) acquired Knapton gas power plant from Third Energy UK Gas Limited. Centrica plc (LSE:CNA) acquired Knapton gas power plant from Third Energy UK Gas Limited on January 24, 2023.
Centrica plc (LSE:CNA) completed the acquisition of Knapton gas power plant from Third Energy UK Gas Limited on January 24, 2023. Anuncio • Jan 13
Centrica plc Announces Board Changes Centrica plc announced that Russell O'Brien will be appointed an executive director on 1 March 2023. Kate Ringrose will step down as an executive director on 28 February 2023 and is expected to leave the company towards the end of 2023 after an orderly transition. Anuncio • Jan 12
Centrica plc Announces Executive Changes Centrica plc announced that Russell O'Brien will be appointed group chief financial officer (CFO) on 1 March 2023. Kate Ringrose will step down as CFO on 28 February 2023 and is expected to leave the company towards the end of 2023 after an orderly transition. Buying Opportunity • Jan 05
Now 25% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be €1.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Dec 15
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Meanwhile, the company became loss making. Anuncio • Dec 06
Centrica plc Announces the Appointment of Chanderpreet Duggal as A Non-Executive Director, Effective from 16 December 2022 Centrica plc announced the appointment of Chanderpreet Duggal as a Non-Executive Director of the Company with effect from 16 December 2022, whereupon he will also become a member of the Company's Audit & Risk Committee, Remuneration Committee and Nominations Committee. Chanderpreet Duggal is Chief Digital and Analytics Officer for Burberry plc (Burberry), responsible for Burberry's digital agenda and leveraging data and analytics. Chanderpreet joined Burberry in 2021 and is a member of the Executive Committee. Prior to joining Burberry, Chanderpreet spent 20 years at American Express in various senior roles, including leading the company-wide digital and analytics organisation. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Nathan Bostock was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Anuncio • Oct 20
Centrica plc Names Rob Simister as Head of Fleet At British Gas Centrica plc has named Rob Simister as head of fleet at British Gas. In the new role, Simister will be responsible for management of 10,500 passenger and commercial vehicles, and creation and delivery of the net zero vehicle fleet strategy across the company business. Simister has earlier served as marketing portfolio manager at Centrica. Upcoming Dividend • Sep 29
Upcoming dividend of UK£0.01 per share Eligible shareholders must have bought the stock before 06 October 2022. Payment date: 17 November 2022. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.5%). Lower than average of industry peers (5.7%). Reported Earnings • Jul 29
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£743.0m from profit in 1H 2021). Profit margin: (down from 11% in 1H 2021). Over the next year, revenue is forecast to grow 20%, compared to a 7.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Anuncio • Jul 28
Centrica plc Appoints to Its Safety, Environment & Sustainability Committee Centrica announced that Nathan Bostock, Non-Executive Director, has been appointed a member of the Safety, Environment & Sustainability Committee with effect from July 28, 2022. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improved over the past week After last week's 16% share price gain to €1.04, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Integrated Utilities industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.96 per share. Anuncio • May 10
Centrica plc to Report First Half, 2022 Results on Jul 28, 2022 Centrica plc announced that they will report first half, 2022 results on Jul 28, 2022 Anuncio • May 04
Centrica plc, Annual General Meeting, Jun 07, 2022 Centrica plc, Annual General Meeting, Jun 07, 2022, at 09:00 Coordinated Universal Time. Location: Leicester Marriott Hotel, Smith Way, Grove Park, Enderby Enderby, Leicester United Kingdom Agenda: To receive the Annual Report and Accounts 2021; to approve the Directors' Remuneration Report; to approve the Directors' Remuneration Policy; to authorise the Directors to continue to operate the Centrica Share Incentive Plan; to renew the Long Term Incentive Plan (LTIP) until the tenth anniversary of the 2022 AGM; to elect Nathan Bostock; and to consider any other matters. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Amber Rudd was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Anuncio • Apr 20
Antin Infrastructure Partners S.A. (ENXTPA:ANTIN) entered into an agreement to acquire an unknown majority stake in SNRG from Centrica plc (LSE:CNA). Antin Infrastructure Partners S.A. (ENXTPA:ANTIN) entered into an agreement to acquire an unknown majority stake in SNRG from Centrica plc (LSE:CNA) on April 19, 2022. Centrica will retain a stake in the company. The transaction is expected to close in April of 2022. White and Case and Gowling WLG acted as legal advisors to Antin. Osborne Clarke acted as legal advisors to SNRG and Freeths LLP acted as legal advisor to Centrica. Anuncio • Mar 03
Pam Kaur Does Not Stand for Re-Election as Non-Executive Director of Centrica plc Centrica plc announced that Pam Kaur has notified the Company of her intention not to stand for re-election as a Non-Executive Director at Centrica's Annual General Meeting later this year. This follows abrdn plc having announced that she will join the Board of abrdn plc on 1 June 2022. Accordingly, Pam Kaur will stand down from the Centrica plc Board at the conclusion of Centrica's 2022 Annual General Meeting. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: UK£0.10 (up from UK£0.047 loss in FY 2020). Revenue: UK£14.7b (up 20% from FY 2020). Net income: UK£586.0m (up UK£860.0m from FY 2020). Profit margin: 4.0% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 15%. Over the next year, revenue is forecast to grow 51%, compared to a 2.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Anuncio • Jul 24
Centrica plc Provides Production Guidance for the Full Year of 2021 Centrica plc provided production guidance for the full year of 2021. Full year production is expected to be around 15% to 20% lower for the full year than 2020 production of 44.9mmboe, compared to an expected 10% decline at the start of the year. Reported Earnings • Jul 23
First half 2021 earnings released: EPS UK£0.13 (vs UK£0.059 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£6.92b (up 9.3% from 1H 2020). Net income: UK£743.0m (up UK£1.09b from 1H 2020). Profit margin: 11% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Anuncio • Jun 24
Hitachi Vantara Corporation acquired Io-Tahoe LLC from Centrica plc (LSE:CNA). Hitachi Vantara Corporation acquired Io-Tahoe LLC from Centrica plc (LSE:CNA) on June 23, 2021. As per the transaction, Ajay Vohora , along with Io-Tahoe's teammates in New York, Europe and India, will report into Hitachi Vantara Chief Product Officer, Radhika Krishnan.
Hitachi Vantara Corporation completed the acquisition of Io-Tahoe LLC from Centrica plc (LSE:CNA) on June 23, 2021. Anuncio • Jun 02
Whitetower Holdings Uk Limited agreed to acquire Gas Power Plant Site in Peterborough from Centrica plc (LSE:CNA) for £20 million. Whitetower Holdings Uk Limited agreed to acquire Gas Power Plant Site in Peterborough from Centrica plc (LSE:CNA) for £20 million on June 1, 2021. The transaction is subject to customary working capital and other completion adjustments. The transaction is expected to complete before the end of September 2021. Is New 90 Day High Low • Feb 16
New 90-day high: €0.63 The company is up 27% from its price of €0.50 on 18 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Integrated Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.89 per share. Executive Departure • Feb 10
Independent Non-Executive Director has left the company On the 8th of February, Joan Gillman's tenure as Independent Non-Executive Director ended after 4.3 years in the role. We don't have any record of a personal shareholding under Joan's name. A total of 7 executives have left over the last 12 months. Executive Departure • Feb 09
Independent Non-Executive Director has left the company On the 8th of February, Joan Gillman's tenure as Independent Non-Executive Director ended after 4.3 years in the role. We don't have any record of a personal shareholding under Joan's name. A total of 7 executives have left over the last 12 months. Anuncio • Feb 08
Centrica plc Announces the Resignation of Joan Gillman from the Board, as Non-Executive Director Centrica plc announced that Joan Gillman has resigned from the Board, as a Non-Executive Director, with effect from 8 February 2021. Executive Departure • Feb 02
Executive Officer has left the company On the 31st of January, Johnathan Ford's tenure as Executive Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Johnathan's name. A total of 6 executives have left over the last 12 months. Is New 90 Day High Low • Jan 30
New 90-day high: €0.60 The company is up 48% from its price of €0.41 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Integrated Utilities industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.04 per share. Anuncio • Jan 07
Centrica plc to Report Fiscal Year 2020 Results on Feb 25, 2021 Centrica plc announced that they will report fiscal year 2020 results on Feb 25, 2021 Is New 90 Day High Low • Jan 05
New 90-day high: €0.54 The company is up 19% from its price of €0.46 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Integrated Utilities industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.94 per share. Anuncio • Nov 28
Centrica Reportedly Looks to Sell Liquefied Natural Gas Portfolio Centrica plc (LSE:CNA) is trying to sell its portfolio of liquefied natural gas supply contracts and other assets, according to people familiar with the matter, as it seeks to simplify its operations amid volatile LNG prices. The targeted value from such a deal couldn’t be learned. However, similar recent transactions suggest that Centrica, the owner of energy and electricity service provider British Gas, may actually need to pay any potential buyer to take the LNG business off its hands, underscoring the uncertain outlook for gas prices internationally. Is New 90 Day High Low • Nov 25
New 90-day high: €0.54 The company is up 11% from its price of €0.49 on 27 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Integrated Utilities industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.49 per share. Is New 90 Day High Low • Oct 30
New 90-day low: €0.42 The company is down 23% from its price of €0.55 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.20 per share. Anuncio • Jul 30
An unknown buyer acquired Norwegian exploration and production assets of Centrica plc (LSE:CNA) for £33 million. An unknown buyer acquired Norwegian exploration and production assets of Centrica plc (LSE:CNA) for £33 million during the year 2019. The assets include Valemon Field in Northern North Sea basin and Sindre Field in North Sea basin. Proceeds of £33 million were equal to the carrying value of the assets disposed of subsequent to the recognition of a pre-tax impairment charge of £49 million. The impairment charge is included in net gain on significant disposals within exceptional items.
An unknown buyer completed the acquisition of Norwegian exploration and production assets of Centrica plc (LSE:CNA) during the year 2019. Anuncio • Jul 26
Centrica plc Announces A Restructuring That Will Cut 5,000 Jobs Centrica plc announced a restructuring that will cut 5,000 jobs to save £2 billion a year by 2021. Anuncio • Jul 25
NRG Energy, Inc. (NYSE:NRG) entered into an agreement to acquire Direct Energy business from Centrica plc (LSE:CNA) for $3.6 billion. NRG Energy, Inc. (NYSE:NRG) entered into an agreement to acquire Direct Energy business from Centrica plc (LSE:CNA) for $3.6 billion on July 24, 2020. The purchase price is subject to customary adjustments and will be paid in cash, on a debt free, cash free basis. The deal will financed with a mix of debt (New secured/unsecured financing) of $2361 million, equity-linked securities of $750 million and cash-on-hand of $664 million. Following completion, Centrica will primarily be a U.K. and Ireland focused energy services and Solutions Company with a large customer base and attractive market positions. Centrica will retain the North American operations of Centrica Business Solutions. Centrica will retain cash generated by Direct Energy between signing and completion. Centrica has agreed to pay NRG Energy a termination fee of approximately $30 million if the transaction fails to complete and NRG Energy has agreed to pay Centrica a termination fee of $180 million if the transaction fails to complete. The business contributed an Underlying Adjusted EBITDA of $457 million, Adjusted Operating Profit of $282 million and Profit for the year of $134 million to Centrica.
The transaction is conditional on, among other things, Centrica's shareholders passing a vote on a resolution approving the transaction by a simple majority at the General Meeting as required under the Listing Rules, and receipt of certain antitrust and regulatory approvals in the U.S and Canada including Federal Energy Regulatory Commission (FERC). The companies will also submit as pre-merger notification to the U.S. Department of Justice and the Federal Trade Commission under the Hart-Scott-Rodino Act, and the Commissioner of Competition under the Canadian Competition Act. Centrica’s Board unanimously agreed that the transaction is in the best interests of shareholders and other stakeholders as a whole. The General Meeting of Centrica's shareholders is expected to be held in mid-August 2020. Completion is expected to occur in the fourth quarter of 2020. Centrica intends to use the net cash proceeds to make a significant reduction in net debt and to make a material contribution to the Centrica Group's Pension Schemes. It is expected the Transaction will have a dilutive effect on earnings per share.
Karen Cook, Mark Sorrell, Brian Bolster and Brian O'Keeffe of Goldman Sachs International, UBS AG, London Branch and Simon Robey and Matthew Ellis of Robey Warshaw acted as financial advisors and Erik Tavzel and Andrew Elken of Cravath, Swaine & Moore LLP and Hywel Davies and Rob Innes of Slaughter and May acted as legal advisers to Centrica. Citi and Credit Suisse acted as financial advisors and Thomas Christopher, Jonathan Solomon, Edward Barnett and Jason Cruise of Latham & Watkins and Baker Botts LLP. acted as legal advisors to NRG. Anuncio • Jul 08
Centrica plc(LSE:CNA) dropped from FTSE 100 Index Centrica plc(LSE:CNA) dropped from FTSE 100 Index 
