Centrica (CNA)

Sector:

Utilities

Index:

FTSE 100

155.95p
   
  • Change Today:
    -0.20p
  • 52 Week High: 160.15
  • 52 Week Low: 114.90
  • Currency: UK Pounds
  • Shares Issued: 4,947.01m
  • Volume: 19,619,950
  • Market Cap: £7,715m
  • RiskGrade: 165
  • Beta: 0.02

Centrica sells Cygnus field stake to Ithaca Energy for £116m

By Frank Prenesti

Date: Tuesday 20 May 2025

LONDON (ShareCast) - (Sharecast News) - North Sea operator Ithaca Energy on Tuesday said it had bought an additional 46.25% stake in the Cygnus gas field from Centrica's Spirit Energy in a £116m deal.
The move will lift Ithaca's operated interest in Cygnus, located in the Southern North Sea, about 150km east of the Lincolnshire coast, to 85%.

Cygnus was currently producing from 11 wells, with three further infill wells approved, Ithaca said in a statement. It is the largest UK Continental Shelf gas field.

"The transaction is strongly aligned with Centrica and Spirit Energy's strategy to maximise value from Spirit's remaining reserves, delivering attractive upfront cash consideration, and provides further value by transferring long-term liabilities," Centrica said in a separate statement.

"As an existing shareholder and the operator of Cygnus, Ithaca Energy is ideally positioned to take on majority ownership of the asset. Following completion of the transaction, Spirit Energy will remain focused on the development of the long-term Morecambe Net Zero carbon storage project, its remaining producing assets and safely and efficiently decommissioning its facilities and wells with minimum environmental impact."

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Centrica Market Data

Currency UK Pounds
Share Price 155.95p
Change Today -0.20p
% Change -0.13 %
52 Week High 160.15
52 Week Low 114.90
Volume 19,619,950
Shares Issued 4,947.01m
Market Cap £7,715m
Beta 0.02
RiskGrade 165

Centrica Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.55% above the market average69.55% above the market average69.55% above the market average69.55% above the market average69.55% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
76.43% above the market average76.43% above the market average76.43% above the market average76.43% above the market average76.43% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
49.80% above the market average49.80% above the market average49.80% above the market average49.80% above the market average49.80% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
87.67% below the market average87.67% below the market average87.67% below the market average87.67% below the market average87.67% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 7
Sell 0
Strong Sell 0
Total 15
buy
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Centrica Dividends

  Latest Previous
  Final Interim
Ex-Div 01-May-25 03-Oct-24
Paid 05-Jun-25 14-Nov-24
Amount 3.00p 1.50p

Trades for 28-May-2025

Time Volume / Share Price
15:13 1 @ 156.25p
15:13 1 @ 156.25p
15:13 1 @ 156.25p
15:13 1 @ 156.25p
15:13 0 @ 156.25p

Centrica Key Personnel

CEO Chris O’Shea
Chair Kevin O'Byrne

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