Origin Energy
ORG.ASXUtilities
Operating energy businesses
Market Data
$10.725
-0.0%$18.7B
18.4x
$0.592
5.52%
-0.1%
Latest Earnings
March 2026 Quarterly Report
27 April 2026
Origin Energy reported Q4 FY26 results (March quarter) with mixed performance: APLNG revenue declined 12% QoQ to $1,855M due to lower LNG prices and AUD appreciation, while Energy Markets showed strength with 4% electricity volume growth driven by data centre demand. However, Octopus Energy FY26 guidance was significantly downgraded to -$70M to +$30M EBITDA (from $0-150M) due to UK regulatory changes, higher gas capacity charges, and adverse weather, creating a negative outlook. Key points: APLNG maintained reliable supply to domestic and export customers with production and revenue in line with expectations; Energy Markets electricity sales volumes increased 4% YoY driven by strong data centre sector growth with 7% increase in business volumes; Octopus Energy added ~700,000 customer accounts during quarter (240,000 UK, 460,000 non-UK) demonstrating continued strong organic growth despite earnings pressure
Recent Announcements
March 2026 Quarterly Report
Origin Energy reported Q4 FY26 results (March quarter) with mixed performance: APLNG revenue declined 12% QoQ to $1,855M due to lower LNG prices and AUD appreciation, while Energy Markets showed strength with 4% electricity volume growth driven by data centre demand. However, Octopus Energy FY26 guidance was significantly downgraded to -$70M to +$30M EBITDA (from $0-150M) due to UK regulatory changes, higher gas capacity charges, and adverse weather, creating a negative outlook. Key points: APLNG maintained reliable supply to domestic and export customers with production and revenue in line with expectations; Energy Markets electricity sales volumes increased 4% YoY driven by strong data centre sector growth with 7% increase in business volumes; Octopus Energy added ~700,000 customer accounts during quarter (240,000 UK, 460,000 non-UK) demonstrating continued strong organic growth despite earnings pressure
Origin Reports Half Year Results
Origin Energy reported HY26 statutory profit of $557M and underlying profit of $593M, both down from HY25 due to lower Integrated Gas earnings and Octopus Energy losses. However, strong Energy Markets performance led to upgraded FY26 guidance for that division, with adjusted free cash flow increasing to $705M supporting a maintained 30 cents fully franked interim dividend. Key points: Energy Markets EBITDA up $122M to $860M with strong customer growth of 96,000 accounts; Adjusted free cash flow increased $187M to $705M driven by strong cash generation; Customer churn of 14.7% significantly better than market average of 22.4%
Investor Presentation for Half Year Results
Origin Energy delivered mixed HY26 results with underlying EBITDA of $1,589M (-17% vs HY25), driven by lower LNG prices at APLNG and investment costs at Octopus Energy, partially offset by improved Energy Markets performance. The company raised full-year Energy Markets guidance and maintained a stable 30 cent fully franked interim dividend, supported by strong cash flow generation and a solid balance sheet. Key points: Energy Markets EBITDA of $860M exceeded expectations with strong operational performance; Eraring battery stage 1 online and $80M committed to expand stage 2 to nearly 6 hours storage; Customer growth of 96,000 accounts with $32M further cost reduction
ORG Half Year Results for the period ended 31 December 2025
Origin Energy reported H1 FY26 underlying profit of $593 million, down 36% from $924 million in HY25, primarily due to expected lower earnings from APLNG gas operations with reduced volumes and realised prices. The company maintained its interim dividend at 30 cents per share and raised Energy Markets guidance to $1,550-$1,750 million EBITDA. Key points: Energy Markets EBITDA up 17% to $860 million with improved electricity gross profit; Customer accounts grew by 96,000 to 4.8 million total accounts; Commissioned Eraring battery stage 1 and 3 (460MW/1,770MWh)
Earnings Release - 12 February 2026
Upcoming earnings release expected 12 February 2026 (from Yahoo Finance (confirmed))
December 2025 Quarterly Report
Origin Energy delivered steady quarterly performance with APLNG production at 169.0 PJ (down 1% quarter-on-quarter), while maintaining stable revenue of $2,102M. The company raised FY26 production guidance slightly to 645-680 PJ and expects APLNG cash distributions of $700-950M, with continued growth in Octopus Energy adding 630,000 customer accounts in the quarter. Key points: Steady APLNG production at 169.0 PJ with stable revenue of $2,102M despite lower oil prices; FY26 production guidance raised to 645-680 PJ reflecting better year-to-date performance; Eraring Power Station closure extended from August 2027 to April 2029, providing more operational flexibility
2025 Full Year Results
Origin Energy reported FY25 statutory profit of $1,481M (up 6% YoY) and underlying profit of $1,490M (up 26% YoY), with underlying EBITDA of $3,411M down 3% as strong Integrated Gas earnings from LNG trading offset weakness in Energy Markets and Octopus Energy. The company increased its fully franked final dividend to 30cps (total 60cps for FY25) and provided positive FY26 guidance with Energy Markets EBITDA expected at $1,400-1,700M, reflecting a balanced portfolio amid continued energy transition execution. Key points: Underlying profit surged 26% to $1,490M, driven primarily by higher franking on Australia Pacific LNG dividends ($797M received fully franked in FY25 vs largely unfranked $1,384M in FY24); Integrated Gas EBITDA grew $251M to $2,202M due to strong LNG trading gains offsetting lower production and commodity prices; APLNG reserves increased 298 PJ; Energy Markets added 104,000 customer accounts to reach 4.7 million with industry-leading 13.4% churn vs 19.7% market average; cost to serve down $50M on track for FY26 target
Full Year Results - Financial Year Ended 30 June 2025
Origin Energy reported FY25 statutory profit of $1,481 million (up 6% YoY) and underlying profit of $1,490 million (up 26% YoY), driven by higher LNG trading gains and a $359 million reduction in income tax expense from APLNG dividends shifting to fully franked. The company increased customer accounts by 104,000 to 4.7 million, maintained strong operational performance, and declared a fully franked final dividend of 30 cents per share (60 cents total for FY25), with guidance indicating FY26 Energy Markets EBITDA of $1,400-$1,700 million. Key points: Statutory profit up 6% to $1,481 million with underlying profit up 26% to $1,490 million, benefiting from $359 million reduction in income tax as APLNG dividends shifted to fully franked; Customer accounts grew 104,000 to 4.7 million with strong growth across electricity, gas and internet; Customer Happiness Index maintained at 69.4%; Integrated Gas (APLNG) Underlying EBITDA increased 13% to $2,202 million, driven by higher LNG trading gains of $441 million and strong cash distributions of $797 million (fully franked)
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