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Origin Energy Posts Stronger-Than-Expected Fiscal 2026 Results, Jefferies Says

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Origin Energy (ASX:ORG) delivered a stronger-than-expected fiscal 2026 results, with underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) ahead of forecast and above consensus, Jefferies said in a Thursday note.

The energy company reported AU$0.672 in underlying earnings per share for fiscal 2026, compared with AU$0.864 a year ago.

Revenue was AU$15.57 billion for the 12 months ended June 30 versus AU$17.22 billion previously.

Energy markets EBITDA of AU$1.7 billion was 1.3% ahead of forecast and 1.5% above consensus, driven by higher electricity gross profit from retail tariff recovery, lower environmental scheme costs, second-half battery contributions and the cost-to-serve program delivery, the financial services firm said.

The company expects fiscal 2027 energy markets EBITDA of AU$1.55 billion to AU$1.85 billion and total capital expenditure of AU$450 million to AU$650 million.

Jefferies reaffirmed its buy rating and AU$12.22 price target on Origin.

Origin Energy's shares rose nearly 6% in morning trade Thursday.

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