News: ORG Origin Energy Says Expects Higher Energy Markets FY24 Underlying EBITDA Of A$1,300 -...

Aug 17 (Reuters) - Origin Energy Ltd (ORG) :

• EXPECTS HIGHER ENERGY MARKETS UNDERLYING EBITDA IN FY2024 OF A$1,300 - A$1,700 MILLION
• LOOKING FURTHER AHEAD TO FY2025, WE EXPECT ELECTRICITY GROSS PROFIT IN ENERGY MARKETS TO BE LOWER THAN FY2024
• ELECTRICITY GROSS PROFIT IN FY2024 IS EXPECTED TO IMPROVE
• NATURAL GAS GROSS PROFIT IN FY2024 EXPECTED TO MODERATE DUE TO HIGHER PROCUREMENT COSTS AS SUPPLY CONTRACTS REPRICE
• PROPOSED ACQUISITION OF CO BY CONSORTIUM CONSISTING OF BROOKFIELD ASSET MANAGEMENT AND MIDOCEAN ENERGY, CONTINUES TO PROGRESS VIA NECESSARY REGULATORY STEPS
• LNG TRADING EBITDA IN FY2024 IS EXPECTED TO BE A$40 – A$60 MILLION
• IN ENERGY MARKETS IN FY2025, ORIGIN ANTICIPATES A REDUCTION IN ELECTRICITY GROSS PROFIT
• ORIGIN AND THE CONSORTIUM MOVING EXPEDITIOUSLY TOWARDS THE TARGET TO IMPLEMENT THE SCHEME BY EARLY IN THE 2024 CY
• LNG TRADING EBITDA ACROSS FY2025 AND FY2026 PERIODS EXPECTED TO BE A$450 – A$600 MILLION
• APLNG UNIT CAPEX AND OPERATING EXPENDITURE OVER FY2025 AND FY2026 EXPECTED TO BE LOWER AT A$3.6 – 4.1/GJ
• IN ENERGY MARKETS IN FY2025, ORIGIN ANTICIPATES A REDUCTION IN ELECTRICITY GROSS PROFIT
• APLNG FY24 CAPITAL AND OPERATING EXPENDITURE EXPECTED TO BE HIGHER AT A$3.9 – 4.4/GJ
• OCTOPUS ENERGY IS IN A RAPID GROWTH PHASE AND CONTINUES TO INVEST IN INTERNATIONAL GROWTH
• PROPOSED ACQUISITION OF CO BY CONSORTIUM WITH BROOKFIELD ASSET MANAGEMENT CONTINUES TO PROGRESS THROUGH NECESSARY REGULATORY STEPS
• ORIGIN'S SHARE OF OCTOPUS ENERGY EBITDA IS EXPECTED TO BE LOWER IN FY24