Australia's Origin Energy rises nearly 2% on sequential rise in APLNG revenue

Origin Energy

31/07/2026 01:45

** Shares of Origin Energy  ORG.AX  rise as much as 1.9% to
A$10.860, hitting their highest level since July 2
    ** Stock set for third-consecutive session of gains
** Origin posts 3% sequential rise in Q4 revenue from its stake
in the Australia Pacific LNG project (APLNG), boosted by
stronger spot LNG sales and an increase in domestic gas volumes
    ** APLNG is the largest producer of natural gas in eastern
Australia and Origin has a 27.5% stake in it
    ** "Given the lag in Australia Pacific LNG's long-term LNG
export contracts, the higher oil prices since February are
expected to be reflected in FY27," CEO Frank Calabria says
    ** Stock trims YTD losses to 6.2%

(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))