Shares of Origin Energy climbed to a one-month high after the company announced that quarterly revenue from its stake in the Australian Pacific LNG project more than doubled in FY22.
The growth in revenue from this project was driven by higher spot LNG and realised oil prices.
The company announced that domestic gas sales volumes were 4% higher in the June quarter, compared to the prior quarter.
?In an extraordinarily challenging quarter for the energy industry globally and in Australia, with elevated commodity prices and significant power supply challenges across the NEM, I?m very pleased with how the business has helped meet the energy needs of customers,? said Origin CEO Frank Calabria.
Shares of Origin Energy have climbed more than 12% this year to date, on the back of soaring commodity prices.