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Contact Energy Limited ( (COENF) ) has shared an announcement.
In December 2024, Contact Energy Limited reported a slight decrease in mass market electricity and gas sales compared to the previous year, with a netback increase for electricity sales. The company also achieved a higher volume of contracted wholesale electricity sales and reduced generation costs. Progress on infrastructure projects like the Te Huka 3 and Battery Energy Storage System (BESS) was near targets, while future electricity prices showed an upward trend. Additionally, gas volumes for the next year were contracted at 4.7PJ, indicating steady supply planning.
More about Contact Energy Limited
Contact Energy Limited operates in the energy sector, primarily focusing on electricity and gas sales. The company engages in both mass market and wholesale electricity sales, with a notable emphasis on generation and distribution within the New Zealand market.
YTD Price Performance: 0.0%
Average Trading Volume: 2,802
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.24B
For a thorough assessment of COENF stock, go to TipRanks’ Stock Analysis page.
