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Origin Energy Limited ( (AU:ORG) ) has provided an update.
Origin Energy Limited’s December 2024 Quarterly Report indicates a strong performance with increased revenue from its Integrated Gas segment, despite a slight decline in production due to lower-than-expected optimization at certain fields. The Energy Markets segment maintained steady electricity sales, while gas volumes decreased. Origin continues to expand its renewable energy portfolio, exemplified by the approval of the third stage of the Eraring battery. Octopus Energy, part of Origin’s operations, significantly grew its customer base and continues to expand its Kraken platform with a robust sales pipeline. These developments highlight Origin’s strategic focus on enhancing renewable capabilities and expanding international reach, reinforcing its industry positioning.
More about Origin Energy Limited
Origin Energy Limited is a prominent player in the energy sector, focusing on integrated gas, energy markets, and retail energy services. The company is involved in the production and sale of natural gas, electricity, and related services both domestically and internationally, with a notable presence in the UK through Octopus Energy.
YTD Price Performance: 6.10%
Average Trading Volume: 2,573
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $11.75B
See more data about ORG stock on TipRanks’ Stock Analysis page.
