May 1 (Reuters) - Origin Energy Ltd (ORG) :
- UPGRADE TO FY2023 ENERGY MARKETS EARNINGS OUTLOOK
- FOR FY2023, ORIGIN NOW EXPECTS ENERGY MARKETS UNDERLYING EBITDA TO BE BETWEEN A$950 MILLION AND A$1,200 MILLION
- INCREASE IN ENERGY MARKETS EXPECTED EARNINGS MAINLY DRIVEN BY A STRONGER THAN EXPECTED CONTRIBUTION FROM OCTOPUS ENERGY IN UK
- THERE IS ALSO A BENEFIT FROM ADDITIONAL COAL SUPPLY SECURED AT A LOWER COST
- FORWARD WHOLESALE ELECTRICITY PRICES EXPECTED TO HAVE A POSITIVE IMPACT ON CONSUMER TARIFFS FROM FY2024
- NOW EXPECTS TO RECORD A SIGNIFICANT POSITIVE EBITDA CONTRIBUTION FROM OCTOPUS IN FY2023
- BEEN ABLE TO CONTRACT ADDITIONAL COAL SUPPLY AT CAPPED PRICE OF A$125/TONNE
- HIGHER THAN ANTICIPATED DELIVERIES OF LEGACY-PRICED COAL, HAS RESULTED IN LOWER COAL SUPPLY COSTS FOR FY2023
News: ORG Origin Energy Announces Upgrade To FY23 Energy Markets Earnings Outlook
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$12.42 |
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Mkt cap ! $21.39B | |||
| Open | High | Low | Value | Volume |
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