Origin Energy September quarter revenue jumps 32% to $2.6B

Full story: https://grafa.com/en/news/australia/origin-energy-september-quarter-revenue-jumps-32-to-2-6b

Key points

Origin Energy reports a 32% revenue jump to $2.6 billion for the September quarter.
The company share price moved in response to higher realised oil prices and increased retail customer demand.
Management stated that the strong performance was driven by higher LNG prices and growing business volumes.

Origin Energy (ASX:ORG) reported that its September quarter revenue rose 32% to $2.6 billion.

The increase followed higher realised oil prices on liquefied natural gas sales compared to the previous period.

Australia Pacific LNG production declined 1% on the previous quarter to 162.8 petajoules.

The business stated that electricity sales volumes increased 3% due to higher retail and data centre demand.

Following the announcement, the Origin Energy share price was up at $12.13.

The company operates major energy generation and natural gas retail businesses across the Australian market.

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The company share price moved in response to higher realised oil prices and increased retail customer demand. Management stated that the strong performance was driven by higher LNG prices and growing business volumes. Origin Energy (ASX:ORG) reported that its September quarter revenue rose 32% to $2.6 billion. The increase followed higher realised oil prices on liquefied natural gas sales compared to the previous period. Australia Pacific LNG production declined 1% on the previous quarter to 162.8 petajoules. The business stated that electricity sales volumes increased 3% due to higher retail and data centre demand. Following the announcement, the Origin Energy share price was up at $12.13. 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