Angus Energy (LSE:ANGS) has broadened its gas hedging programme, securing additional contracts spanning April 2026 to June 2027 that cover 7.745 million therms at an average price of 101 pence per therm. A portion of the near-term volumes has been locked in at higher pricing levels. Including previously arranged hedges, the company now has a total of 12.9 million therms protected at the same average price, equating to roughly 44% of its expected gas production during the period.
Management said the expanded hedging position provides greater certainty over revenues, helping to support operating costs and stabilise cash flow generation. At the same time, approximately half of projected production remains unhedged, leaving the company positioned to benefit should UK gas prices strengthen. The board believes this balance between price protection and market exposure improves financial resilience while maintaining the potential to enhance long-term shareholder returns.
The company’s broader outlook reflects ongoing pressures on financial performance, including weaker revenue trends and reduced profitability. Technical indicators point to largely neutral trading momentum, and valuation measures remain challenging given negative earnings. However, the group notes that strategic initiatives and operational improvements may provide a foundation for future growth.
More about Angus Energy
Angus Energy plc is a UK AIM-listed independent oil and gas company and one of the country’s leading onshore gas producers. The group owns a 100% interest in the Saltfleetby Gas Field, holds majority stakes in the Brockham and Lidsey conventional oil fields, and maintains a 25% interest in the Balcombe licence. Angus Energy operates all of its assets while pursuing opportunities for growth and international expansion.
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