Centrica completes North Sea sale. Six analysts rate Centrica stock Buy.

Published on 10/13/2026 at 04:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 earnings per share reached GBP 0.12 versus a GBP 0.051 loss. Centrica stock has six analysts and a GBp 216.33 target.

Key points in brief

Centrica completed the GBP 33 million sale of North Sea assets on October 1, 2026.
The transaction transferred GBP 44 million in decommissioning liabilities and left Morecambe Hub with 9 million barrels of oil equivalent in reserves.
Six analysts have a Moderate Buy consensus, with an average GBp 216.33 target and five Buy ratings.
Centrica was last at GBp 148.05 on the LSE on October 12, 2026, with a GBP 6.7 billion market capitalization.

Centrica, GB00B033F229, Illustration mit AI erstellt.

Centrica (ISIN GB00B033F229) had completed the sale of its remaining Cygnus stake and other North Sea assets for GBP 33 million on October 1, 2026, while six analysts maintained a Moderate Buy consensus on October 5. Investegate reported the transaction, and MarketBeat counted five Buy ratings and one Hold.

Three milestones in twelve months

Centrica acquired the Severn power station for GBP 370 million on May 7, 2026, according to Simply Wall St. On July 23, first-half 2026 earnings per share reached GBP 0.12, compared with a GBP 0.051 loss in the first half of 2025, also according to Simply Wall St. The October 1 sale is the latest of the three events.

What does the sale change?

The transaction transferred GBP 44 million of decommissioning liabilities to Serica Energy and left the Morecambe Hub as Spirit Energy's principal producing asset, with retained reserves of 9 million barrels of oil equivalent. Investegate said the strategy now centers on maximizing Morecambe, advancing carbon storage and managing the remaining decommissioning work.

The numbers show a narrower upstream portfolio rather than a new earnings forecast. The GBP 33 million consideration is paired with the GBP 44 million liability transfer, while the reported first-half earnings per share moved from a loss of GBP 0.051 to positive GBP 0.12, giving investors two distinct measures of the company's recent reshaping.

Analyst targets remain above the quote

MarketBeat said six analysts covered Centrica with five Buy ratings and one Hold, producing an average 12-month target of GBp 216.33 on October 5, 2026. Berenberg had cut its target from GBp 230.00 to GBp 200.00 in a July 27 research note while retaining a Buy rating, according to MarketBeat. The spread between the average target and the later LSE quote is a valuation comparison, not a forecast by this article.

The dated market reference

Centrica was last at GBp 148.05 on the LSE on October 12, 2026 at 6:15 p.m. London time. The 52-week range was GBp 144.00 to GBp 220.30, and market capitalization was GBP 6.7 billion, both as of October 12, 2026. The further course of trading is shown by the continuously updated real-time quote of Centrica stock.