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
$9.080
-0.0%$9.7B
20.6x
$0.441
5.14%
+0.0%
Latest Earnings
June 2026 Operating Report
21 July 2026
Contact Energy's June 2026 monthly operating report shows strong volume growth with mass market electricity and gas sales up 20.7% year-on-year to 495GWh, driven by significant hydro generation improvement (540GWh vs 275GWh in June 2025) supported by exceptional Clutha inflows at 171% of mean. However, unit economics softened with customer netback declining to $141.18/MWh (from $146.32/MWh) and wholesale electricity/steam net revenue down to $175.68/MWh (from $186.08/MWh), reflecting lower spot prices. For the full FY26 year, total customer connections grew to 700,000 and contracted electricity sales reached 11,454GWh, up significantly from 8,883GWh in FY25, with four major renewable/battery projects under construction totalling ~$1.5B in approved costs. Key points: Mass market electricity and gas sales grew 20.7% YoY to 495GWh in June 2026 (June 2025: 410GWh), and FY26 full-year sales reached 4,631GWh vs 4,048GWh in FY25.; Hydro generation surged to 540GWh in June 2026 vs 275GWh in June 2025, supported by Clutha inflows at 171% of mean; South Island storage at 145% of mean as at 16 July 2026.; Unit generation cost (including acquired generation) fell significantly to $38.16/MWh in June 2026 from $54.27/MWh in June 2025, with own generation cost dropping to $26.28/MWh from $47.27/MWh.
Recent Announcements
Webcast details for 2026 Full Year Results Presentation
Contact Energy will host a webcast presentation on August 10, 2026 at 11:00 a.m. NZST featuring CEO Mike Fuge and CFO Matt Forbes discussing the company's full year 2026 financial results for the twelve months ended June 30, 2026, with live Q&A available to registered participants.
June 2026 Operating Report
Contact Energy's June 2026 monthly operating report shows strong volume growth with mass market electricity and gas sales up 20.7% year-on-year to 495GWh, driven by significant hydro generation improvement (540GWh vs 275GWh in June 2025) supported by exceptional Clutha inflows at 171% of mean. However, unit economics softened with customer netback declining to $141.18/MWh (from $146.32/MWh) and wholesale electricity/steam net revenue down to $175.68/MWh (from $186.08/MWh), reflecting lower spot prices. For the full FY26 year, total customer connections grew to 700,000 and contracted electricity sales reached 11,454GWh, up significantly from 8,883GWh in FY25, with four major renewable/battery projects under construction totalling ~$1.5B in approved costs. Key points: Mass market electricity and gas sales grew 20.7% YoY to 495GWh in June 2026 (June 2025: 410GWh), and FY26 full-year sales reached 4,631GWh vs 4,048GWh in FY25.; Hydro generation surged to 540GWh in June 2026 vs 275GWh in June 2025, supported by Clutha inflows at 171% of mean; South Island storage at 145% of mean as at 16 July 2026.; Unit generation cost (including acquired generation) fell significantly to $38.16/MWh in June 2026 from $54.27/MWh in June 2025, with own generation cost dropping to $26.28/MWh from $47.27/MWh.
May 2026 Operating Report
Contact Energy's May 2026 monthly operating report shows strong volume growth with mass market electricity and gas sales up 26% to 461GWh versus May 2025, while contracted wholesale electricity sales surged 34% to 1,027GWh driven by higher hydro generation (464GWh vs 279GWh pcp). However, wholesale electricity and steam net revenue declined to $159.86/MWh from $169.49/MWh in May 2025, reflecting lower spot prices, partially offset by a significant reduction in unit generation costs to $37.11/MWh from $49.26/MWh. Hydro storage remains well above mean levels and four renewable development projects are under construction totalling approximately $1.5B in approved project costs. Key points: Mass market electricity and gas sales grew 26% to 461GWh in May 2026 vs 365GWh in May 2025, driven by retail gas sales more than doubling to 143GWh from 55GWh; Total electricity generated (or acquired) rose 23% to 1,034GWh from 842GWh, with hydro generation surging 66% to 464GWh from 279GWh due to strong inflows; Unit generation cost (including acquired generation) fell significantly to $37.11/MWh from $49.26/MWh in May 2025, a reduction of ~25%, improving wholesale economics
Craigs Conference Presentation
This is a conference presentation by Contact Energy (a major New Zealand renewable energy company) outlining its Contact31+ strategy, market opportunities, and committed development projects. The presentation covers market context including declining gas supply and rising electricity demand from data centres and industrial electrification, along with Contact's pipeline of ~4TWh of priority renewable projects (solar, geothermal, battery storage, wind) targeting completion through 2028.
Contact Energy 2026 Full Year Results Announcement Date
Contact Energy Limited announced that its full year financial results for the year ending 30 June 2026 will be released prior to market opening on Monday, 10 August 2026.
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%).
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