Australia's AGL Energy gains most in six months as FY27 outlook beats estimates

Commonwealth Bank of Australia

12/08/2026 01:59

     ** Shares of Australia's AGL Energy AGL.AX rise as much as 6%, their biggest intraday pct gain since February 11
** Stock touches its highest level since June 15
** The power producer expects FY27 underlying net profit after tax of between A$470 million and A$670 million ($332.10 million - $473.42 million), the midpoint beats Visible Alpha estimate of A$550.8 million
** Company bets on lower operating costs and contributions from its battery portfolio to counter soft electricity prices 
** AGL, however, posts FY26 underlying net profit after tax of A$631 million, missing estimates and down slightly from A$640 million last year  
** YTD, stock down 6.7%

($1 = 1.4152 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))