Origin Energy Sees FY23 Energy Markets Underlying EBITDA Between A$600 Mln & A$730 Mln
Jan 27 (Reuters) -Origin Energy Ltd ORG.AX:
SEES FY NOW EXPECTS ENERGY MARKETS UNDERLYING EBITDA TO BE BETWEEN A$600 MILLION AND A$730 MILLION
IMPROVEMENT IN ENERGY MARKETS UNDERLYING EBITDA IS DRIVEN BY AN EXPECTED INCREASE IN NATURAL GAS AND ELECTRICITY GROSS PROFIT
NO MATERIAL IMPACT IS EXPECTED ON FY2023 ENERGY MARKETS EARNINGS
PRODUCTION GUIDANCE FOR FY2023 IS NOW EXPECTED TO BE LOWER AT 660-680 PJS
ENERGY MARKETS BUSINESS IS EXPECTED TO EARN A RETURN ON CAPITAL EMPLOYED IN FY2023 OF LESS THAN 4 PER CENT
AUSTRALIA PACIFIC LNG PRODUCTION HAS CONTINUED TO BE IMPACTED BY CUMULATIVE EFFECTS OF WET WEATHER EARLIER IN FINANCIAL YEAR
PRODUCTION GUIDANCE FOR FY2023 IS NOW EXPECTED TO BE LOWER AT 660-680 PJS
FY23 AUSTRALIA PACIFIC LNG CAPITAL AND OPERATING EXPENDITURE GUIDANCE IS UNCHANGED
AUSTRALIA PACIFIC LNG CAPITAL AND OPERATING EXPENDITURE GUIDANCE IS UNCHANGED
OUTLOOK FOR LNG TRADING BUSINESS HAS IMPROVED FOLLOWING ADDITIONAL HEDGING AT FAVOURABLE MARKET PRICES
LNG TRADING EBITDA IS NOW EXPECTED TO BE A$450 MILLION TO A$650 MILLION ACROSS FY2025 AND FY2026
NO MATERIAL IMPACT IS EXPECTED ON FY2023 ENERGY MARKETS EARNINGS AS A RESULT OF INTRODUCTION OF A$12/GJ CAP ON UNCONTRACTED GAS
GUIDANCE EXCLUDES POTENTIAL IMPACT OF ANY COMPENSATION ORIGIN MAY RECEIVE TO RECOVER COAL COSTS THAT EXCEED LEGISLATED COAL PRICE CAP
Source text for Eikon: ID:nASXc527cw
Further company coverage: ORG.AX
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