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Origin Energy profit rises, but LNG-linked earnings drag on underlying results
Statutory profit rose to A$1.57 billion for the year ended June 2026, while underlying profit fell to A$1.16 billion amid weaker oil prices and LNG trading.
Origin Energy reported statutory profit of A$1.57 billion for the year ended June 2026, up from A$1.48 billion a year earlier, but underlying earnings declined as lower oil prices and weaker LNG trading weighed on its gas business, according to Yahoo Finance.
Underlying profit fell to A$1.16 billion from A$1.49 billion in FY25, while underlying EBITDA declined 6% to A$3.22 billion from A$3.41 billion. The decline was concentrated in the Integrated Gas division, where underlying EBITDA dropped to A$1.62 billion from A$2.20 billion, driven by lower oil-linked earnings from its interest in Australia Pacific LNG and reduced LNG trading gains.
In Australia Pacific LNG, the average realized LNG price fell to A$13.64 per gigajoule, while production totaled 668 petajoules on a 100% basis. Despite the weaker operating contribution, Origin received A$911 million in fully franked dividends from the LNG venture, up from A$797 million a year earlier.
Origin said performance improved in its Energy Markets business, with EBITDA up 21% to A$1.70 billion, supported by higher electricity and gas gross profit and lower customer servicing costs. It also reported adjusted free cash flow rising by A$867 million to A$2.07 billion, keeping adjusted net debt at 1.6 times adjusted underlying EBITDA, and declared a final dividend of A$0.30 per share for a full-year payout of A$0.60 per share.