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Asia

SRG Global Discloses AU$1.85 Billion of Contracts; Upgrades Fiscal 2026 EBITDA Outlook

SRG Global (ASX:SRG) upgraded its fiscal 2026 guidance after securing AU$1.85 billion of contracts with blue-chip clients in a range of sectors, according to a Tuesday filing with the Australian bourse.The company raised its fiscal 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast to the top end of its previously issued AU$164 million to AU$168 million range, while initiating fiscal 2027 EBITDA guidance of between AU$190 million and AU$200 million, which it said is above consensus estimates.The contracts include clients in water, defense, energy, industrial, health and education, ports, and data centers. Among them is a an eight-year term contract with Fortescue (ASX:FMG) for multi-disciplinary maintenance services, a five-year contract with Alcoa (ASX:AAI) to provide asset integrity and reliability services, and a seven-year contract with Origin Energy (ASX:ORG).

ASX:AAIASX:FMGASX:ORGASX:SRG
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

ASX Midday Sector Update: Consumer Discretionary Stocks Inch Up, Utilities Sector Struggles

Consumer discretionary stocks advanced marginally at midday Tuesday.Wesfarmers (ASX:WES) shares rose nearly 2% in recent trade.Meanwhile, the utilities sector struggled, shedding nearly 2%.Origin Energy (ASX:ORG) shares were down 2% in recent trade.

ASX 200ASX:ORGASX:WES
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses.Insurance Australia Group (ASX:IAG): -4%, AU$7.82Block (ASX:XYZ): -3%, AU$96.49Xero (ASX:XRO): -2%, AU$74.65Wisetech Global (ASX:WTC): -1%, AU$37.11Goodman Group (ASX:GMG): -1%, AU$30.44Origin Energy (ASX:ORG): -1%, AU$10.95Telstra Group (ASX:TLS): -1%, AU$5.39APA Group (ASX:APA): -1%, AU$10.20QBE Insurance Group (ASX:QBE): -1%, AU$23.65Meridian Energy (ASX:MEZ): -1%, AU$4.81

ASX 200ASX:APAASX:GMGASX:IAGASX:MEZASX:ORGASX:QBEASX:TLSASX:WTCASX:XROASX:XYZ
Asia

ASX Midday Sector Update: Utilities Stocks Gain, Materials Struggle

Utilities stocks were leading gainers in midday trading Wednesday with a rise of 1.7% after the United Arab Emirates said it would quit the Organization of the Petroleum Exporting Countries, adding to energy supply concerns amid ongoing tensions between the US and Iran.Shares of Origin Energy (ASX:ORG) ticked nearly 3% higher to recover from losses in the previous trading session.On the flip side, materials stocks were leading decliners with a fall of 0.8%.Westgold Resources (ASX:WGX) shed more than 2% after reporting group gold production of 93,145 ounces for the fiscal third quarter. The group's all-in sustaining cost for the quarter was AU$3,338 per ounce, compared with AU$2,829 per ounce a year earlier.

ASX 200ASX:ORGASX:WGX
Asia

Market Chatter: Origin Energy's Profit Warning for Octopus Overshadowed 'Solid' Result Says UBS, The Australian Reports

Origin Energy's (ASX:ORG) profit warning on Octopus Energy, in which it holds around 20% interest, overshadowed a "solid" March quarter result, but Origin's APLNG gas business is "on track", according to a Tuesday report by The Australian, citing UBS Analyst Tom Allen.UBS notes Origin's "strong" high-margin growth, which remains an overwhelming value driver, despite this not being the first downgrade to Octopus Energy earnings before interest, taxes, depreciation, and amortization (EBITDA), according to the report.UBS has cut its earnings estimate for Origin Energy by 9% to 18% but said the company remains its most preferred Australian utilities exposure with a dividend yield above 5%, the report added.UBS has maintained a buy rating on Origin Energy and reduced its price target to AU$14.10 from AU$14.30.(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:ORG
Asia

ASX Midday Sector Update: Real Estate Stocks Gain, Utilities Lead Broader Declines

Real estate stocks gained 0.2% in midday trading Tuesday, as almost all other sectors declined amid a continued rise in oil prices and lingering tensions between the US and Iran.Goodman Group (ASX:GMG) was up almost 1% and Scentre Group (ASX:SCG) was marginally higher.Meanwhile, utilities was the weakest sector with a decline of over 3%.Origin Energy (ASX:ORG) slid more than 5% after reporting Monday that its March quarter production fell to 164.5 petajoules from 167.1 petajoules a year earlier.

ASX 200ASX:GMGASX:ORGASX:SCG
Asia

Australian Shares Flat; Atlas Arteria Receives Unsolicited Takeover Bid From IFM

Australian shares were flat with a negative bias at Monday's close as the critical Strait of Hormuz in the Middle East continued to be blocked.The S&P/ASX 200 Index was little changed to close at 8,766.40.Brent crude oil futures gained 1.2% to reach $106.57 per barrel. US President Donald Trump cancelled a trip to Islamabad, Pakistan, ​by US envoys for talks with Iran over the weekend. Iran gave the US a new proposal for reaching a deal on reopening the Strait and ending the war, Axios reported.In company news, Atlas Arteria (ASX:ALX) has received an unsolicited off-market takeover proposal from IFM to acquire all remaining securities it does not already own at AU$4.75 per share in cash. IFM has indicated that the offer price may increase to AU$5.10 per share if it obtains at least a 45% relevant interest before the offer closes, subject to certain "best and final" conditions. Its shares jumped 13% on market close.Megaport's (ASX:MP1) wholly-owned unit, Latitude.sh, signed a 36-month contract with a new US-based customer, with a total value of around $25.1 million, representing around $8.4 million in annualized recurring revenue. Its shares closed up 5%.Lastly, Origin Energy (ASX:ORG) reported March quarter production of 164.5 petajoules, down from 167.1 petajoules a year earlier. The company reported commodity revenue of AU$1.86 billion for the quarter, down from AU$ 2.31 billion a year ago. Its shares were down over 5% on market close.

ASX 200ASX:ALXASX:MP1ASX:ORG
Asia

ASX Biggest Losers

Here are the 10 ASX-listed companies with the biggest losses on Monday.Wisetech (ASX:WTC): -3%, AU$42.79NexGen Energy (ASX:NXG): -3%, AU$17.26Telix Pharmaceuticals (ASX:TLX): -2%, AU$14.47Cochlear (ASX:COH): -2%, AU$94.76Paladin Energy (ASX:PDN): -2%, AU$12.28Origin Energy (ASX:ORG): -2%, AU$12.44EVT (ASX:EVT): -2%, AU$12.44Tuas (ASX:TUA): -2%, AU$5.97Ramsay Health Care (ASX:RHC): -2%, AU$39.15Southern Cross Gold (ASX:SX2): -2%, AU$11.07

ASX 200ASX:COHASX:EVTASX:NXGASX:ORGASX:PDNASX:RHCASX:SX2ASX:TLXASX:TUAASX:WTC
Asia

ASX Midday Sector Update: Materials Stocks Gain, Energy Declines

Materials stocks were rising about 0.6% in midday trading on Monday, as almost all other sectors were in the red amid a continued blockade of the Strait of Hormuz.Altair Minerals (ASX:ALR) shares surged 20% after it received a firm commitment from an Endeavour Mining subsidiary to raise AU$28.2 million through a placement of 656.3 million shares.Meanwhile, energy stocks were leading broader declines with a fall of 1.7% even as oil prices edged higher.Shares of Origin Energy (ASX:ORG) were down nearly 3% after it reported March quarter production of 164.5 petajoules, down from 167.1 petajoules a year earlier.

ASX 200ASX:ALRASX:ORG
Asia

Update: Origin Energy Reports Lower March Quarter Production; Shares Fall 3%

(Updates to add stock movement in the headline and last paragraph)Origin Energy (ASX:ORG) reported March quarter production of 164.5 petajoules, down from 167.1 petajoules a year earlier, according to a Monday filing with the Australian bourse.The company reported commodity revenue of AU$1.86 billion for the quarter, down from AU$ 2.31 billion a year ago, per the filing.Origin Energy also said its electricity sales volume increased 4% from a year earlier amid "strong growth" in business volumes driven largely by the data-center sector.The company's shares fell 3% in recent Monday trade.

ASX:ORG
Asia

ASX Preview: Australian Shares Set to Open Flat on Stalled US-Iran Talks; Origin Energy Reports Lower March Quarter Production

Australian shares are set to open flat on Monday, as oil prices climbed almost 2% following stalled US-Iran peace negotiations and restricted flows through the Strait of Hormuz, tightening global supply and pushing Brent crude above $107 a barrel.On April 25, the S&P 500 and the Nasdaq Composite rose 0.8% and 1.6%, respectively, while the Dow Jones Industrial Average fell 0.2%.In the macroeconomy, investors are eyeing the release of Australia's consumer price index report on Wednesday.In corporate news, Origin Energy (ASX:ORG) reported March quarter production of 164.5 petajoules, down from 167.1 petajoules a year earlier, according to a Monday filing with the Australian bourse.IperionX's (ASX:IPX) titanium powder production operations in Virginia, US, transitioned to an around-the-clock production schedule during the March quarter, advancing from commissioning to continuous operations, according to a Monday filing with the Australian bourse.Australia's benchmark index fell 0.1% or 6.9 points to close at 8,786.50 on April 24.

ASX 200ASX:IPXASX:ORG
Asia

Origin Energy Reports Lower March Quarter Production

Origin Energy (ASX:ORG) reported March quarter production of 164.5 petajoules, down from 167.1 petajoules a year earlier, according to a Monday filing with the Australian bourse.The company reported commodity revenue of AU$1.86 billion for the quarter, down from AU$ 2.31 billion a year ago, per the filing.Origin Energy also said its electricity sales volume increased 4% from a year earlier amid "strong growth" in business volumes driven largely by the data-center sector.

ASX:ORG
Asia

Origin Energy to Benefit From Higher LNG Prices on Middle East Conflict, Jefferies Lifts Estimates

Origin Energy (ASX:ORG) is set to benefit from higher liquefied natural gas (LNG) prices triggered by the war in the Middle East, with average core profit expected to rise by 6.3% over the next three years, Jefferies said in a note on Wednesday.Origin's 27.5% stake in Australia Pacific LNG (APLNG) positions the company well, as the investment firm raises assumptions for benchmark JKM spot prices by 43.7% to $14.5 in fiscal 2027 and $12.1 in fiscal 2028.The upside, however, is partly challenged by hedging and legacy contracts to deliver 30 cargoes over 2025 to 2029.Jefferies increased EBITDA estimates for APLNG by 3.3% to AU$5.33 billion in fiscal 2026 and by 25.6% to $5.76 billion in 2027.An increase to windfall taxes in the upcoming May budget could potentially impact LNG investment in Australia, the firm added.Jefferies maintained a buy rating and raised its price target to AU$13.34 from AU$13.03.

ASX:ORG