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Origin Energy Ltd

ORG.AX

Latest Trade

4.52AUD

Change

-0.02(-0.44%)

Volume

2,783,273

Today's Range

4.50

 - 

4.64

52 Week Range

3.75

 - 

8.89

As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay

Latest Developments

Origin Energy Says Scott Perkins Elected To Succeed Gordon Cairns As Chairman

Aug 20 (Reuters) - Origin Energy Ltd <ORG.AX>::ORIGIN CHAIRMAN GORDON CAIRNS TO RETIRE.SCOTT PERKINS NOMINATED AS CHAIRMAN-ELECT.SCOTT PERKINS ELECTED TO SUCCEED GORDON CAIRNS AS CHAIRMAN OF BOARD.

Origin Energy Posts FY Net Profit Attributable $83 Million

Aug 20 (Reuters) - Origin Energy Ltd <ORG.AX>::DECLARED FINAL DIVIDEND OF 10 CENTS PER SHARE.ORIGIN ENERGY SEES FY2021 ENERGY MARKETS UNDERLYING EBITDA TO BE LOWER THAN FY2020 AT $1,150-$1,300 MILLION.FY NET PROFIT ATTRIBUTABLE $83 MILLION VERSUS $1,211 MILLION.ORIGIN ENERGY LTD SEES FY2021 CAPITAL EXPENDITURE IS ESTIMATED TO BE $420-$470 MILLION.ORIGIN ENERGY LTD SEES FY2021 CORPORATE COSTS ARE ESTIMATED TO BE $75-$85 MILLION.FY TOTAL GROUP REVENUE DOWN 11% TO $13,157 MILLION.FY UNDERLYING PROFIT $1,023 MILLION VERSUS $1,028 MILLION.

Origin Energy Reports Qtrly Share Of APLNG Revenue Of $610.2 MLN

July 31 (Reuters) - Origin Energy Ltd <ORG.AX>::RECEIVED RECORD CASH DISTRIBUTIONS FROM APLNG OF $1,275 MILLION IN FY2020.QTRLY SHARE OF APLNG REVENUE $610.2 MILLION VERSUS $643.4 MILLION.QTRLY SHARE OF APLNG PRODUCTION 64.5 PJ VERSUS 64.0 PJ.QTRLY ENERGY MARKET ELECTRICITY SALES 7.8 TWH VERSUS 8.7 TWH.APLNG'S REALISED LAGGED OIL PRICE IN JUN QUARTER WAS US$68/BBL (A$104/BBL), UP FROM US$65/BBL (A$99/BBL) IN MAR-20 QUARTER.AUSTRALIA PACIFIC LNG DELIVERED RECORD PRODUCTION IN FY2020.PANDEMIC HAS IMPACTED NATURAL GAS & ELECTRICITY DEMAND.

KNM Group Says Unit Entered Restated Goods And Services Agreement With Origin Energy Upstream Operator Pty Ltd

July 29 (Reuters) - KNM Group Bhd <KNMP.KL>::UNIT ENTERED INTO A RESTATED GOODS AND SERVICES AGREEMENT WITH ORIGIN ENERGY UPSTREAM OPERATOR PTY LTD.CONTRACT FOR SUPPLY OF FURTHER GPFS AIR COOLERS BUNDLES FOR GAS COMPRESSION STATIONS IN AUSTRALIA, AMOUNTING TO EURO 4.2 MILLION.TRANSACTION IS EXPECTED TO CONTRIBUTE POSITIVELY TO KNM GROUP'S EARNINGS FOR FY 2020 AND 2021.

Origin Energy Expects To Recognise Non-Cash Charges In Fy2020

July 15 (Reuters) - Origin Energy Ltd <ORG.AX>::ORIGIN ENERGY LTD - ORIGIN EXPECTS TO RECOGNISE NON-CASH CHARGES IN FY2020.ORIGIN ENERGY LTD - EXPECTS TO RECOGNISE NON-CASH POST-TAX CHARGES IN RANGE OF $1,160 MILLION TO $1,240 MILLION IN ITS FY2020 STATUTORY INCOME STATEMENT.ORIGIN ENERGY LTD - EXPECTS NO CHANGE TO FY2020 GUIDANCE, INCLUDING ENERGY MARKETS UNDERLYING EBITDA OF $1.4 - $1.5 BILLION.ORIGIN ENERGY-EXPECTS NON-CASH CHARGE OF $440-$460 MILLION POST-TAX FROM ONEROUS CONTRACT PROVISION ASSOCIATED WITH CAMERON LNG..ORIGIN ENERGY- EXPECTS TO REVISE ITS RESTORATION AND REHABILITATION PROVISIONS FOR GENERATION ASSETS.ORIGIN ENERGY LTD - ESTIMATES ARE POST-TAX AND HAVE NO IMPACT ON FY2020 CASH FLOW.ORIGIN ENERGY- EXPECTS TO RECOGNISE AN IMPAIRMENT RELATING TO ITS SHARE OF AUSTRALIA PACIFIC LNG OF $720 - 770 MILLION.ORIGIN ENERGY LTD - IMPAIRMENT CHARGE IS EXPECTED TO BE EXCLUDED FROM FY2020 UNDERLYING PROFIT.ORIGIN ENERGY-EXPECTS EXTRA NON-CASH $25 MILLION-$35 MILLION POST TAX PROVISION FOR BAD AND DOUBTFUL DEBTS FROM POTENTIAL IMPACTS OF COVID-19.ORIGIN ENERGY- OVER NEXT 20 YEARS ESTIMATES AVERAGE ANNUAL CHARGE TO UNDERLYING PROFIT ASSOCIATED WITH CAMERON CONTRACT OF ABOUT A$25 MILLION POST-TAX.ORIGIN ENERGY LTD- EXPECTS TO INCREASE PROVISION FOR RESTORATION OF GENERATION SITES BY $249 MILLION.

Origin Energy Says Established A Strategic Partnership With Octopus Energy

May 1 (Reuters) - Origin Energy Ltd <ORG.AX>::ESTABLISHED A STRATEGIC PARTNERSHIP WITH OCTOPUS ENERGY.PROPOSED DEAL FOR STAGED CONSIDERATION $134 MILLION ON COMPLETION AND $373 MILLION OVER FOUR FINANCIAL YEARS.WILL ACQUIRE A 20% INTEREST IN OCTOPUS & A LICENCE IN AUSTRALIA TO ITS CUSTOMER PLATFORM, KRAKEN.OVER NEXT 24-30 MONTHS, CO WILL TRANSFER ITS 3.8 MILLION RETAIL ELECTRICITY & GAS CUSTOMER ACCOUNTS TO KRAKEN PLATFORM.TARGETING PRE-TAX CASH SAVINGS OF $70-80 MILLION IN FY2022 FROM DEAL.WILL APPOINT ONE DIRECTOR AND AN OBSERVER TO OCTOPUS BOARD.SEES PRE-TAX CASH SAVINGS INCREASING TO $100-150 MILLION ANNUALLY FROM FY2024 FROM DEAL.TRANSACTION EXPECTED TO DELIVER RETURNS MATERIALLY ABOVE COST OF CAPITAL.TO PROVIDE 3-YEAR GUARANTEE TO SUPPORT OCTOPUS WORKING CAPITAL FACILITY OF UPTO £160 MILLION IN 1ST 2 YRS, REDUCING TO MAX £110 MILLION IN YEAR 3.

Origin Energy Posts Qtrly APLNG Revenue Of $628.5 Mln

April 30 (Reuters) - Origin Energy Ltd <ORG.AX>::QTRLY APLNG REVENUE $628.5 MILLION VERSUS $763.9 MILLION.QTRLY APLNG PRODUCTION 66.8 PJ VERSUS 63.3 PJ.ON ENERGY MARKETS, DEMAND IMPACTS OF COVID-19 TO DATE ARE IN LINE WITH ASSUMPTIONS FOR FY2020 GUIDANCE.ANNOUNCED A TEMPORARY PAUSE TO EXPLORATION ACTIVITY AS A RESULT OF COVID-19.IN ENERGY MARKETS, WE ARE ALREADY SEEING INITIAL IMPACT FROM PANDEMIC ON ELECTRICITY DEMAND.AUSTRALIA PACIFIC LNG CONTINUES TO DELIVER STABLE AND RELIABLE PRODUCTION.

Origin Energy Says Agreed To Increase Interest In Beetaloo Basin Joint Venture

April 7 (Reuters) - Origin Energy Ltd <ORG.AX>::HAS AGREED WITH JOINT VENTURE PARTNER FALCON OIL AND GAS TO INCREASE ITS INTEREST IN BEETALOO BASIN JOINT VENTURE BY 7.5%.UNDER AGREEMENT, ORIGIN WILL INCREASE ITS INTEREST TO 77.5%.INCREASE IN INTEREST IN EXCHANGE FOR INCREASING ITS CARRY OF FALCON'S SHARE OF COSTS BY $25 MILLION OVER COMING YEARS.IN ADDITION, ORIGIN AND FALCON AGREED TO CHANGES TO JOINT OPERATING AGREEMENT INCLUDING AMENDMENTS THAT PROVIDE ORIGIN AS OPERATOR.EXPECTS A DELAY OF AT LEAST THREE MONTHS FOR KYALLA 117 WELL, WITH STIMULATION AND EXTENDED PRODUCTION TEST TO OCCUR IN H1 FY2021.DRILLING OF VELKERRI FLANK WELL IS EXPECTED IN H2 FY2021.IS ABLE TO DEFER EXPLORATION AND APPRAISAL ACTIVITIES BEYOND CURRENT STAGE 2 DRILLING CAMPAIGN.ON 26 MARCH, IN RESPONSE TO COVID-19 PANDEMIC, ORIGIN CONFIRMED FORWARD OPERATIONS IN BEETALOO HAD BEEN TEMPORARILY PAUSED.

Origin Energy Says Expected FY2020 Origin Capital Expenditure 5-10% Lower Than Guidance

April 6 (Reuters) - Origin Energy Ltd <ORG.AX>::ORIGIN WILL NOT DISCONNECT ANY RESIDENTIAL OR SMALL BUSINESS CUSTOMERS IN FINANCIAL STRESS.TO DATE THERE HAS BEEN NO MATERIAL IMPACT ON ORIGIN'S ENERGY SUPPLY OPERATIONS.THERE WILL ALSO BE NO DEFAULT LISTING FOR CUSTOMER HAVING TROUBLE PAYING AND ALL LATE PAYMENT FEES HAVE BEEN PAUSED OVER SAME PERIOD.IMPACTS HAVE NOT BEEN MATERIAL TO DATE AND CAN BE ABSORBED WITHIN EXISTING FY2020 GUIDANCE RANGE.ENERGY MARKETS FY2020 UNDERLYING EBITDA GUIDANCE OF $1.4 - $1.5 BILLION IS MAINTAINED.EXPECTED FY2020 ORIGIN CAPITAL EXPENDITURE IS 5-10 PER CENT LOWER THAN GUIDANCE.EXPECTED FY2020 CASH DISTRIBUTIONS FROM APLNG UNCHANGED AT $1.1 - $1.3 BILLION.PURSUING A RANGE OF FY2021 COST REDUCTION INITIATIVES INCLUDING $300 - 400 MILLION REDUCTION IN APLNG UPSTREAM CAPEX.FY2020 CAPEX (EXCLUDING AUSTRALIA PACIFIC LNG) ESTIMATED TO BE 5-10% LOWER THAN PREVIOUS GUIDANCE OF $530-$580 MILLION.FY2021 COST REDUCTION INITIATIVES INCLUDE 25-30 % REDUCTION IN ORIGIN CAPITAL EXPENDITURE.CONTINUING TO PURSUE A TARGETED $100 MILLION REDUCTION IN RETAIL COST TO SERVE BY FY2021 COMPARED TO FY2018 BASELINE.CURRENT EXPLORATION PROGRAM IN BEETALOO BASIN TEMPORARILY PAUSED DUE TO COVID-19.AS AT 31 DEC 2019, ORIGIN HELD LIQUIDITY OF $3.8 BILLION, CONSISTING OF $0.8 BILLION IN CASH.CO'S BALANCE SHEET AND LIQUIDITY EXPECTED TO FURTHER IMPROVE IN H2 OF FY2020.

Origin Energy Sees FY Production At Australia Pacific LNG At Upper End Of 690-710 PJ Outlook

Feb 20 (Reuters) - Origin Energy Ltd <ORG.AX>::FY20 ENERGY MARKETS UNDERLYING EBITDA IS UNCHANGED AT $1.4-$1.5 BILLION..FY20 CAPITAL EXPENDITURE, EXCLUDING AUSTRALIA PACIFIC LNG AND ACQUISITIONS, REMAINS UNCHANGED AND IS EXPECTED TO BE $530-$580 MILLION.PRODUCTION AT AUSTRALIA PACIFIC LNG EXPECTED TO BE AT UPPER END OF PREVIOUSLY GUIDED 690-710 PJ (100 % SHARE) RANGE IN FY20.AUSTRALIA PACIFIC LNG IS EXPECTED TO MAKE A CASH DISTRIBUTION TO ORIGIN OF $1.1-$1.3 BILLION FOR FY2020.IN FY20 TARGETING TOTAL CAPITAL EXPENDITURE AND OPERATING EXPENDITURE OF $2.5-$2.7 BILLION.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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