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Origin Energy Limited (ASX:ORG)

ALERT: Price-sensitive ASX Announcement for ORG
Current share price for ORG : $11.860 1.2 (11.26%)+
Announcement
Release
31 Jul 2026 8:41AM
Price at Release
$10.660
Full Release
download
Summary
The June 2026 Quarterly Report for Origin Energy Limited highlights strong performance from Australia Pacific LNG, contributing significant cash flow. APLNG's total production remained stable, while sales increased by 4% compared to the previous quarter. The report notes a 6% increase in APLNG revenue quarter-on-quarter. LNG spot sales were up significantly, though overall LNG contract sales saw a slight decline. The projected FY27 guidance suggests a reduction in production due to natural field decline but anticipates stabilization through increased drilling and optimization activities. Capital expenditure in FY26 saw a marked increase, driven by well optimization and infrastructure investments. Additionally, the separation of Octopus and Kraken into independent entities was completed, with both businesses positioned for future growth. Electricity and natural gas sales in the Energy Markets segment showed mixed results, with retail electricity sales increasing modestly due to acquisitions and increased demand from data centers, while natural gas sales faced reductions attributed to market conditions.
Key Points
  • APLNG revenue increased by 6% compared to the previous quarter.
  • Total production remained stable; sales increased by 4%.
  • LNG spot sales saw a significant increase.
  • FY27 guidance suggests a decline in production but aims for stabilization through increased drilling.
  • Capex increased due to well optimization and infrastructure projects.
  • Octopus and Kraken completed their legal separation and are set for growth.
  • Electricity sales increased due to acquisitions; natural gas sales faced declines.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.