AGL Energy Boosts FY24 Earnings Forecast

AGL Energy Limited (AU:AGL) has released an update.

AGL Energy Limited has raised its earnings forecast for FY24, anticipating an underlying EBITDA of $2,120 to $2,200 million and NPAT of $760 to $810 million, marking an increase from previous projections. This positive adjustment is accredited to the company’s strong performance, including better plant operations, high consumer demand during the summer in New South Wales and Queensland, and robust Customer Markets results. The company notes that these forecasts could be affected by regulatory actions, market conditions, and plant availability.

For further insights into AU:AGL stock, check out TipRanks’ Stock Analysis page.