Origin Energy's (ASX:ORG) Australia Pacific LNG revenue for the December 2024 quarter was AU$2.71 billion, up 14% from a year earlier on the back of higher volumes and prices, according to a Friday filing with the Australian bourse.
Production rose 3% year on year to 172.2 petajoules. Sales climbed 7% to 172.3 petajoules.
The average realized LNG price grew 3% to $12.20 per million British thermal unit.
The energy company lowered its fiscal 2025 Australia Pacific LNG production guidance to 670 to 690 petajoules from a previous projection of 685 to 710 petajoules. The revision comes on the back of lower-than-expected benefits from well optimization activities at Condabri, Talinga, and Orana, as well as lower field performance and unplanned maintenance at non-operated assets, per the report.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.