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