Origin Energy (ASX:ORG) has announced its quarterly report for December 2022, delivering increased revenue of $876M as a result of higher realised oil prices.
Origin Energy says wet weather and and an unplanned nom-operated downstream outage resulted in a 1% decline in production of 165.6 PJ, with an FY2023 production range expected to be 660-680 PJ.
It also says three JKM-linked spot cargoes were delivered in the quarter, and Australia Pacific LNG realised prices were an average of US$15.94/mmbtu (contracted and spot) and an average domestic price of $6.31/GJ (legacy and short-term).
Origin Energy also says total electricity sales volumes increased 4% from the corresponding quarter in 2022, driven by higher business volumes as the company won new customers.