StockMarketWire.com - Centrica maintained Thursday its full-year guidance despite revealing a significant fall in customer accounts and admitting that weaker than planned volumes from its E&P and Nuclear activities would have a 'negative' impact on full-year performance.

UK Home energy supply accounts fell by 372,000 in the four months to the end of October, which the company attributed to a continued focus on value over volume.

In E&P, Spirit Energy forecast production for 2018 fell to about 47.5 million barrels of oil equivalent (mmboe) from around 50mmboe, owing to unplanned outages and operational issues in both operated and non-operated fields, the company said. Spirit Energy production growth in 2019 was expected to flat.

Performance in the company's nuclear segment had been impacted by extended inspections and outages at the Hunterston B and Dungeness B power stations, the company added.

Centrica said it expected the default tariff price cap would result in £70m headwind on adjusted operating profit in the first-quarter of 2019.

Full-year guidance was maintained, however, with company estimating adjusted operating cash flow in the range of £2.1 to £2.3bn and adjusted earnings of around 11.5p a share.

Full year capital expenditure was expected to be no more than £1.1bn, reflecting and net debt in the range of £2.5 to £3.0bn.

The company said it expected to maintain its full-year dividend of 12.0p a share. Story provided by StockMarketWire.com