Australia's AGL Energy rises on revised annual earnings forecast

AGL Energy

06/05/2026 03:49

** Shares of AGL Energy AGL.AX rise as much as 1.8% to A$9.6, their highest level since April 29

** The power producer raises the lower range of its fiscal 2026 underlying net profit after tax forecast range to between A$610 million and A$680 million ($441.15 million - $491.78 million)

** The company previously expected annual profit to be between A$580 million and A$680 million

** Adds its well-placed for at least the next three months during the global fuel crisis

** Up 1.9% YTD, including the session's moves

($1 = 1.3827 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))