Origin Energy’s underlying profit might have surged more than 40% in the year to June, but the coming year will be tougher, so a new dividend policy will be adopted to handle any slowdown.
Read More
Solid quarterly updates from the two remaining energy groups yesterday for the three months to March in the shape of the Kerry Stokes-dominated Beach Energy and LNG exporter and power operator, Origin.
Read More
Origin Energy produced the second encouraging December quarter statement from an energy group yesterday after beach upgraded its output guidance by 10%.
Read More
Origin Energy is well and truly in the black and is looking to restart dividends to patient shareholders in 2019.
Read More
Origin Energy shares staged a modest rise yesterday on the back of news that the company had achieved record production and revenue in the June quarter thanks to higher production from its joint-owned APLNG project and higher oil and gas prices.
Read More
APLNG cash flows were slightly ahead of Citi's expectations. The break-even operating oil price is now calculated at US$21/bbl.
Read More
APLNG continues to increase cash distributions and the company has now guided to around $850m in FY19, ahead of UBS estimates. APLNG achieved the highest realised LNG price this quarter relative to other Australian E&P's.
Read More
Macquarie points out earnings expectations in energy markets now reflect the falling LREC price and the inability for Origin Energy to offset this from other sources.
Read More
Morgans observes the stock has declined -25% over the last year, amid concerns about regulation in the electricity market and a volatile oil price.
Read More
Macquarie believes the agreement between APLNG and Arrow provide some minor upside and an enhanced return. Of most significance is the potential for additional volumes from Arrow, as it lowers the medium-term risk of needing to ramp up fields to replace the Bellevue and Kenya production.
Read More
