Origin Energy Reports 3% Increase in APLNG Revenue Amid Future Price Expectations
Origin Energy's APLNG revenue rose to A$497 million in Q2, with expectations for higher oil-linked pricing in FY27. The increase was driven by a 4% rise in sales, despite stable production levels.
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Origin Energy reported a 3% increase in revenue from its Australia Pacific LNG (APLNG) stake, totaling A$497 million for the June quarter. CEO Frank Calabria indicated that the anticipated benefits from oil-linked contract pricing are expected to materialize in FY27.
Sales increased by 4%, attributed to a rise in spot LNG sales and domestic gas volumes, while production levels remained stable. The average realized LNG price rose to $9.93 per million British thermal units, up from $9.51 in the previous quarter, amidst fluctuating broader LNG prices due to supply and shipping issues. The reliance on spot sales highlights potential vulnerabilities to market volatility.
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