Meridian Energy Limited’s September Surge and Q1 Recap

Meridian Energy Limited (MDDNF) has released an update.

Meridian Energy Limited reports a significant increase in national hydro storage and total inflows, hitting 115% and 223% of historical averages, respectively, for September 2024. The company experienced mixed results in retail sales volumes with a notable drop in agricultural segment sales, while generation was down 15% at a substantially higher average price. Additionally, Meridian’s customer numbers grew by 2.2% from the previous year, despite total operating costs rising by 16.6% and capital expenditure decreasing by 28.1%.

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