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ASX:AGL

7 stories mentioning ASX:AGL

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Asia

Aussie Broadband Completes Acquisition of AGL Energy's Telco Business

Aussie Broadband (ASX:ABB) completed the acquisition of AGL Telco, AGL Energy's (ASX:AGL) telecommunications business, according to a Monday filing with the Australian bourse.AGL received AU$115 worth of Aussie Broadband shares on completion of the transaction, representing roughly 22 million shares or around 7% of the company's issued capital, the filing said.The company is also on track to complete the migration of connections under its wholesale services deal with More Telecom.The company expects fiscal year 2026 earnings in the middle of the previously disclosed underlying earnings before interest, taxes, depreciation, and amortization guidance range of AU$162 million to AU$167 million.Meanwhile, capital expenditure is anticipated to be at the upper end of the previously provided guidance range of between AU$55 million and AU$60 million, per the filing.

ASX:ABBASX:AGL
Asia

Market Chatter: AGL Energy Breaks Ground on Western Australia Gas Power Plant

AGL Energy (ASX:AGL) started construction on a AU$490 million gas power plant in Kwinana, Western Australia, the Australian Financial Review reported Wednesday.The 220-megawatt station will be constructed next to an existing generator at the site, increasing its total capacity to 340 megawatts, according to the report.The project will help the company grow its Perth Energy retail operations and diversify beyond the east coast market, the news outlet reported, citing AGL Chief Executive Damien Nicks.AGL Energy shares gained 1% in recent Wednesday trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:AGL
Asia

Electric Utilities' Earnings May See Potential Upside if Wholesale Electricity Price Volatility Increases in June, Jefferies Says

Earnings for both AGL Energy (ASX:AGL) and Origin Energy's (ASX:ORG) Energy Markets are expected to remain in line with expectations for the fiscal year 2026, with a potential upside if wholesale electricity price volatility increases in June, Jefferies said in a Friday note.Continued moderation in electricity prices is driven by improved reliability of coal-powered electricity generation combined with renewable generation and storage, as demand continues to grow. Electricity demand in April is up 2% on the prior-year period, with renewable generation accounting for 44.2%, increasing 5.1 percentage points year-over-year.Peak volatility is expected from June to August.It forecast earnings before interest, taxes, depreciation, and amortization (EBITDA) of AU$2.13 billion for AGL, in line with the mid-point of guidance range at AU$2.12 billion, but 0.7% below consensus.It also forecast EBITDA of AU$1.68 billion for Origin, 1.8% above the guidance range mid-point of AU$1.65 billion.The investment firm has buy ratings for both AGL and Origin and set a price target of AU$12.76 per share for AGL and AU$13.04 per share for Origin.

ASX:AGLASX:ORG
Asia

AGL Energy Narrows Fiscal 2026 Underlying EBITDA Guidance

AGL Energy (ASX:AGL) said its fiscal 2026 guidance for underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) is now between AU$2.06 billion and AU$2.18 billion, from between AU$2.02 billion and AU$2.18 billion previously, according to a Wednesday Australian bourse filing.The company's guidance range for underlying net profit after tax is now between AU$610 million and AU$680 million, from between AU$580 million and AU$680 million previously.The updated guidance reflects the improved plant availability, stabilization of consumer margins, and disciplined cost management, per the filing.Fiscal 2027 guidance is expected to reflect the contribution from the Liddell battery, ongoing cost optimization, lower wholesale prices in some locations, and potential softer local and global market conditions for the year.The company said it is well placed for at least the next three months amid the ongoing global fuel crisis, with current diesel storage near capacity for the generation assets.AGL Energy's shares rose nearly 1% in recent trading on Wednesday.

ASX:AGL
Asia

NZX Midday Sector Update: Commercial Services Soar, Consumer Durables Struggle

Commercial services shares gained the most on the New Zealand Exchange, rising almost 1% by midday Wednesday.Accordant's (NZE:AGL) shares rose nearly 4% in recent trade.On the other hand, consumer durables shares dropped past 4%.KMD Brands' (NZE:KMD, ASX:KMD) shares slid past 4% in recent trade

^NZ50ASX:AGLASX:KMDNZE:KMD
Asia

Amplitude Energy's AGL Gas Sales Deal Supports Production Visibility, Euroz Hartleys Says

Amplitude Energy (ASX:AEL) strengthened its long-term production outlook after securing a foundation gas sales agreement (GSA) with AGL Energy (ASX:AGL) that lifts contracted volumes and supports valuation upside if drilling success continues, Euroz Hartleys said in an April 17 note.The company will supply 20 petajoules of gas, over four years from its East Coast Supply Project (ECSP), with deliveries starting in the second half of 2028 and pricing linked to oil and market conditions at the time of delivery.Euroz Hartleys estimates about 80% of expected production is now contracted, assuming 60 terajoules per day of gross output and completion of the remaining ECSP drilling program, including Annie field development and successful appraisal of the high-probability Juliet and Nestor prospects.The equity research firm noted that the AGL contract differs from the company's earlier Energy Australia agreement, as it is oil-linked and could deliver higher realized prices depending on oil markets over the contract term.The firm said that multiple foundation GSAs signal strong confidence in the company's drilling program and resource base, and it remains positive on valuation.Euroz Hartleys kept a buy rating on Amplitude Energy with an under review price target of AU$3.25.Amplitude Energy's shares plunged 5% in recent Monday trade, while AGL Energy's shares shed 2%.

ASX:AELASX:AGL
Asia

AGL Energy Signs Gas Sales Deal With Amplitude Energy

AGL Energy (ASX:AGL) signed a foundation gas sales agreement with Amplitude Energy (AEL:ASX) for the supply of 20 petajoules of gas from the East Coast Supply Project in the offshore Otway Basin, Victoria, according to a Friday filing with the Australian bourse.The deal has an initial four-year term, with supply expected to start in the second half of 2028, the filing said.

ASX:AELASX:AGL