Contact Energy Limited Ordinary Shares
CEN.NZXUtilities
Contact Energy was formed in February 1996 when it acquired electricity generation and gas assets from state-owned electricity generator ECNZ. Subsequent expansion put the company in the forefront of electricity generators in NZ. It is strongly positioned in wholesale gas distribution, gas retailing and electricity retailing.
Market Data
$9.540
+0.0%$10.2B
21.7x
$0.441
5.01%
+0.0%
Latest Earnings
April 2026 Operating Report
19 May 2026
Contact Energy's April 2026 monthly operating report shows strong year-on-year volume growth, with mass market electricity and gas sales up 31% to 372GWh and contracted wholesale electricity sales up 37% to 898GWh. Generation costs improved significantly, with unit generation cost (including acquired) falling to $44.95/MWh from $49.48/MWh in April 2025, driven by strong hydro output (418GWh vs 251GWh pcp) supported by above-mean catchment inflows. Hydro storage remains robust at 107-179% of mean across both islands, and the company continues to advance three renewable/storage development projects totalling ~$1.22B in approved costs. Key points: Mass market electricity and gas sales surged 31% YoY to 372GWh (April 2025: 284GWh), with customer netback improving to $153.24/MWh from $148.59/MWh; Hydro generation nearly doubled YoY to 418GWh (April 2025: 251GWh), supported by above-mean Clutha catchment inflows at 123% of mean in April 2026; Unit generation cost (including acquired generation) fell 9.2% YoY to $44.95/MWh from $49.48/MWh, with own generation cost dropping sharply to $31.60/MWh from $41.60/MWh
Recent Announcements
SPH Notice - Macquarie Group Limited
Macquarie Group Limited changed substantial holding from 0.07% to 5.04%.
SPH Notice - Infratil Limited (Infratil)
Infratil Limited (Infratil) changed substantial holding from 14.081% to 9.081%.
CEN – Trading to resume at market open
NZX has announced that trading in Contact Energy Limited (CEN) equity shares will resume at market open following a company announcement made on 21 May 2026.
Contact Energy trading halt lifted
Infratil Limited has completed the sale of 53,531,358 ordinary shares (5.0% of Contact Energy's issued share capital) at $9.25 per share, and Contact Energy's trading halt has been lifted.
SPH Notice - Macquarie Group Limited
Macquarie Group Limited disclosed a change in substantial holding (5.04%).
SPH Notice - Infratil Limited (Infratil)
Infratil Limited (Infratil) changed substantial holding from 14.299% to 14.081%.
Contact Energy Trading Halt
Contact Energy Limited has requested a trading halt after being advised that substantial shareholder Infratil Investments Limited has initiated a sale process for some or all of its shares in Contact Energy. The trading halt will remain in effect until Infratil Investments concludes the sale process.
Contact Energy Limited (“CEN”) – Trading Halt of Securities
Contact Energy Limited (CEN) requested and received approval for a trading halt of its ordinary shares effective immediately, as substantial shareholder Infratil Investments Limited has initiated a fully underwritten block trade sale process for some or all of its Contact shares. The halt, expected to last one day but approved for a maximum of two trading days until May 22, is intended to prevent market distortion and allow the off-market sale to proceed in an orderly manner.
April 2026 Operating Report
Contact Energy's April 2026 monthly operating report shows strong year-on-year volume growth, with mass market electricity and gas sales up 31% to 372GWh and contracted wholesale electricity sales up 37% to 898GWh. Generation costs improved significantly, with unit generation cost (including acquired) falling to $44.95/MWh from $49.48/MWh in April 2025, driven by strong hydro output (418GWh vs 251GWh pcp) supported by above-mean catchment inflows. Hydro storage remains robust at 107-179% of mean across both islands, and the company continues to advance three renewable/storage development projects totalling ~$1.22B in approved costs. Key points: Mass market electricity and gas sales surged 31% YoY to 372GWh (April 2025: 284GWh), with customer netback improving to $153.24/MWh from $148.59/MWh; Hydro generation nearly doubled YoY to 418GWh (April 2025: 251GWh), supported by above-mean Clutha catchment inflows at 123% of mean in April 2026; Unit generation cost (including acquired generation) fell 9.2% YoY to $44.95/MWh from $49.48/MWh, with own generation cost dropping sharply to $31.60/MWh from $41.60/MWh
Macquarie Australia Conference Presentation
Contact Energy presented its Contact31+ strategy at the Macquarie Australia Conference in May 2026, outlining plans to expand renewable generation capacity across New Zealand with ~4TWh of priority development options and an 11TWh+ total pipeline to meet projected >3TWh of new electricity demand by 2030 from data centres, dairy electrification, and metals sectors.
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