London, Feb 15, 2026, 13:54 GMT — Market closed.
Centrica plc slipped 0.98% to close at 191.45 pence on Friday. The stock saw a range between 190.40p and 194.60p, with trading volume reaching roughly 37.5 million shares. 1
London trading resumes Monday. Centrica, which owns British Gas, plans to deliver its full-year results Feb 19, aiming for release just after 0700 UK time. Management has scheduled a live webcast for 0930. 2
The timing is key here, with the group also set to overhaul its reporting structure. Centrica says its 2025 prelims will be the first to break down results by three pillars: Retail, Optimisation, and Infrastructure. The company is also moving to use adjusted EBITDA as its main guidance metric. 3
Regulation is the other near-term factor. Ofgem is set to reveal the next energy price cap on Feb 25, covering April through June. 4
Ofgem says the current cap—set to last through March—would put the yearly cost at £1,758 for an average dual-fuel household on Direct Debit. That figure comes from limits on unit rates and standing charges. Importantly, there’s no cap on the total bill; what customers pay still hinges on how much energy they use. 5
Centrica on Friday leaned into its cost-of-living pitch, rolling out a £2.4 million partnership with The Multibank charity over three years. The company also laid out plans to direct people towards the British Gas Energy Trust, pointing to help like fuel vouchers and debt support. “Poverty doesn’t happen in silos,” said Chief Executive Chris O’Shea. 6
Investors are zeroing in on what this earnings report signals for 2026. Retail supply margins, cash generation—those are front and center, with competition in the household space still fierce.
The cap will hit all suppliers with customers on default tariffs—names like Centrica’s British Gas, Octopus Energy, EDF Energy, and E.ON Next are included.
Investors will be tuning in for any hints about shareholder returns. In UK utilities, dividends and buybacks often carry as much weight as the headline profit figure—sometimes they outweigh it.
The downside? Pretty clear. If winter wraps up on the warm side, demand could drop. Toss in a surprise shift on the price cap or changes to supplier bad-debt expectations—retail margins get pinched. And trading earnings? Volatile by default, so sentiment can turn on a dime.
Centrica drops results on Feb 19 at 0700 UK time, with Ofgem’s price-cap decision following Feb 25—both likely to shape how margins look heading into spring.
