Centrica Shares: What to Expect Ahead of Thursday’s Full-Year Results

Centrica shares have rallied strongly ahead of the company’s 2025 preliminary results, due Thursday, February 19, with investors watching whether the energy group can meet expectations after a year of solid operational momentum. 

The stock is up 15.7% year to date and more than 44% over the past 12 months, extending its uptrend with a 1.5% gain in Tuesday’s session.

Consensus compiled by the company as of February 5 points to adjusted EBITDA of £1.33 billion, with forecasts ranging from £1.09 billion to £1.56 billion across eight analysts. 

Adjusted EPS is expected to average 11.2 pence, while adjusted net cash is projected at £1.47 billion, based on the same analyst group.

Centrica’s outlook, reaffirmed in its half-year statement on 30 June 2025, suggested confidence in operational performance across its major divisions. 

The company said it expected all Retail energy supply and Optimisation units to operate within their medium-term sustainable profit ranges for 2025. British Gas Services & Solutions was forecast to deliver another year of financial improvement, while British Gas Energy’s residential supply business was expected to remain within its target range despite weather-related impacts.

The group also reiterated that profitability would be weighted to the first half of the year, with uncertainties, including commodity prices and weather, remaining key variables into year-end. 

Centrica Energy was projected to track toward the lower end of its profit range, and Energy Storage+ was expected to report an adjusted operating loss toward the high end of its £50 million–£100 million guidance band.

According to TradingView, 7 analysts currently have a Buy rating on Centrica, with 5 at Hold and 0 at Sell. The average price target is 199.55p per share, suggesting just a 1.6% potential upside from Tuesday’s close.