Centrica stock gains 1.06 percent while Spirit Energy narrows focus

Published on 10/08/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Centrica stock was last at GBp 147.35 on October 8, 2026, with a 52-week range of GBp 144 to GBp 220.30. H1 2026 EPS reached GBP 0.12.

Centrica, GB00B033F229, Illustration mit AI erstellt.

Centrica stock (ISIN GB00B033F229) was trading at GBp 147.35 on the London Stock Exchange on October 8, 2026, at 9:04 a.m. London time, up 1.06 percent from GBp 145.80. The company had completed a GBP 33 million North Sea asset sale on October 1, leaving Spirit Energy focused on the Morecambe Hub, according to Investegate.

Morecambe becomes the core asset

The transaction covered Centrica's remaining 15 percent interest in the Cygnus gas field and other producing assets in the Greater Markham Area and Southern North Sea. Serica Energy also assumed GBP 44 million of decommissioning liabilities, while Morecambe became Spirit Energy's principal producing asset with 9 million barrels of oil equivalent in retained reserves, the October 1 company announcement said through Investegate.

That portfolio change is concrete rather than transformational in size: the GBP 33 million consideration is paired with the transfer of future decommissioning obligations. Spirit Energy's stated priorities are Morecambe value creation, the Morecambe Net Zero carbon storage project and facility decommissioning.

Half-year earnings set the benchmark

Centrica's first-half 2026 revenue was GBP 10.2 billion, flat from the first half of 2025, while earnings per share reached GBP 0.12 compared with a GBP 0.051 loss in the prior-year period. Net income was GBP 532.0 million, according to Simply Wall St.

The earnings comparison gives the stock a more demanding backdrop than the asset sale alone. Revenue was stable, but the move from a prior-year loss to positive earnings shows why investors are weighing profit quality, bad-debt costs and the pace of trading growth.

Consensus stays above the share price

MarketBeat reported on October 5, 2026, that six analysts held a Moderate Buy consensus, with five Buy ratings and one Hold rating. The average 12-month target was GBp 216.33, which lies 46.8 percent above the GBp 147.35 trading price.

MarketBeat also reported that Berenberg cut its target from GBp 230 to GBp 200 while retaining a Buy rating. Separately, Yahoo Finance said on October 2, 2026, that JPMorgan placed Centrica on its Analyst Focus List and maintained an Overweight rating, while identifying earnings downgrades, bad debts and artificial intelligence as investor concerns.

Stock remains near yearly low

Centrica stock was trading at GBp 147.35 on October 8, 2026, with a 52-week range of GBp 144 to GBp 220.30, volume of 922,273 shares and market capitalization of GBP 6.7 billion. The price was 33.1 percent below the 52-week high, keeping the market's attention on execution and cash returns rather than on the asset sale alone.