Meridian Energy Limited (MDDNF) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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%.
For further insights into MDDNF stock, check out TipRanks’ Stock Analysis page.
