Australian power producer AGL Energy's first-half profit beats street estimates (updated)

AGL Energy

11/02/2025 21:49

(Updates throughout with more detail on results)
       Feb 12 (Reuters) - Australian power producer AGL
Energy's  AGL.AX  first-half underlying profit beat analysts'
estimate on Wednesday, as higher generation volumes at its
Bayswater power plant helped counter lower retail margins and
increased costs to run plants.
    Consumer margins took a hit during the first half as
customers shifted to lower-priced contracts. Higher costs to
keep its thermal power plants running further ate into its
profit.
    The impact was partly offset by higher generation volumes at
its coal-fired Bayswater power station in New South Wales, aided
by improved gross margin at its electricity and gas trading
business.
    The country's top power producer said underlying profit was
A$373 million ($234.80 million) for the six months ended
December 31, compared with the Visible Alpha consensus estimate
of A$307.4 million.
    It, however, was below the A$399 million profit reported a
year earlier.
    The Melbourne-headquartered firm declared an interim
dividend of 23 Australian cents per share, below the 26
Australian cents declared last year.


($1 = 1.5886 Australian dollars)

 (Reporting by Sameer Manekar and Rajasik Mukherjee in
Bengaluru; Editing by Alan Barona and Shilpi Majumdar)
 ((Sameer.Manekar@thomsonreuters.com
Rajasik.Mukherjee@thomsonreuters.com))