0045 GMT - Origin Energy's share price rises 6.0% to a three-month high of 11.93 Australian dollars on a double dose of good news about its Energy Markets business. Origin reported underlying Ebitda from the division of A$1.701 billion in FY26. That was 1.3% ahead of Jefferies' forecast, and 1.5% above consensus. Origin's guidance for Energy Markets earnings in FY27 was also surprisingly strong. It projects underlying Ebitda of A$1.55 billion-A$1.85 billion, ahead of consensus forecasts of A$1.61 billion. Still, analyst Amit Kanwatia notes "the key offset remains slower wholesale markets and the extent to which lower forward prices pressure FY28 Energy Markets." Jefferies had a buy call and A$12.22/share price target on Origin ahead of its FY26 result.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.