2205 GMT - Jefferies doesn't expect AGL Energy's 1H result to be as strong as last year and investors should be OK with that. It forecasts 1H Ebitda of A$937 million, down from A$1.07 billion a year ago, because realized electricity prices eased over the period. Net profit also likely declined to A$270 million, says Jefferies, acknowledging that consensus hopes are some 12% higher than that. "However, the current pricing stability remains attractive, with the increased benefit from the increased flexibility of coal generators," analyst Anthony Moulder says. "With forward wholesale electricity prices remaining elevated for FY 2026, and with earnings and cash flows remaining supportive for further investment in grid connected batteries, AGL remains well-positioned." (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 09, 2025 17:05 ET (22:05 GMT)
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