UK's Centrica unveils $630 million share buyback, keeps 2025 forecast
Adds details on LNG deal and pension review in paragraph 2, results and estimate in paragraphs 3 and 4
Feb 20 (Reuters) - Centrica CNA.L announced a share buyback of 500 million pounds ($629.70 million) on Thursday and maintained its 2025 forecast, after the British Gas owner reported annual profit in line with analyst expectations.
The company also said it had signed a 15-year LNG supply agreement with Brazil's Petrobras PETR4.SA that will start in 2027, and that it had concluded a review of its pension schemes to determine deficits.
Centrica reported adjusted operating profit of 1.55 billion pounds for the year ended December 31, 2024.
That compared with analysts' average estimate of 1.54 billion pounds, according to data compiled by LSEG.
($1 = 0.7940 pounds)
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