Origin Energy Limited (ASX:ORG) Releases March 2025 Quarterly Report
Financial Performance
Origin Energy Limited reported an 11% decline in Australia Pacific LNG (APLNG) revenue for the March quarter, totaling $2,427 million. Production decreased by 3%, aligning with full-year 2025 guidance. The realised average LNG price was US$11.31/mmbtu.
Energy Markets
Electricity sales volumes rose by 1%, while gas volumes increased by 13% compared to the March 2024 quarter. The Yanco Delta Wind Farm secured approximately 1.5 GW of transmission access rights, with an additional $175 million acquisition cost expected in Q4 FY25.
Octopus Energy Growth
Octopus Energy added over 674,000 net customer accounts in the quarter, becoming the largest energy retailer in the UK with 7.5 million customers and expanding internationally with more than 2.3 million global customers. The Kraken platform now has 44 million live accounts and is on track to reach 100 million contracted accounts by 2027.
Dividends
Origin received a fully franked dividend of $185 million from APLNG in March 2025, bringing the full-year distribution to $797 million fully franked. No further distributions from APLNG are expected in FY25. The company expects all FY26 dividends to be fully franked, superseding prior guidance.
Executive Comments
CEO Frank Calabria stated, “Consistent with our strategy, Origin is investing to accelerate renewables and storage in our generation portfolio.” He continued: “At Octopus Energy, the UK and international retail businesses continued their strong growth with significant customer additions.”
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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