The AGL Energy Limited (ASX: AGL) share price was down 0.17% at market close on Friday, at $5.97 per share.
That was roughly in line with the broader S&P/ASX 200 Index, which failed to recoup its early day losses and finished the day down 0.37%.
It's been 6 weeks now since the ASX 200 energy provider released its full 2021 financial year (FY21) results. With that in mind, we take a brief review of those results below, and have a look at how the AGL share price has been tracking since reporting.
What results did the ASX 200 energy share report for FY21?
The AGL share price was on investors' radars before the opening bell on 12 August, the day the company reported its FY21 results.
Among the core metrics, AGL reported revenue of $10.9 billion. That was a 10% decline on revenue in FY20.
The power company's underlying profits also fell 33.5% year-on-year to $537 million.
Management did declare a final dividend of 34 cents per share, unfranked. That brought the full year dividend to 75 cents per share, down 23.5% from FY20.
Commenting on the results, AGL's CEO, Graeme Hunt said:
Our FY21 result reflects a challenging year for AGL Energy as we realised the impact of lower wholesale electricity prices, reduced electricity generation output at peak periods, and the roll-off of legacy supply contracts in Wholesale Gas.
The AGL share price could also have come under some additional pressure when the company confirmed it expected the demerger of its business into 2 entities – Accel Energy and AGL Australia – to be complete by the fourth quarter of this financial year.
How has the AGL share price performed since reporting?
The AGL share price closed down 5.5% on the day the company reported its FY21 results.
Since market close on 11 August, the day before reporting, AGL shares are down 21.1%.
By comparison the ASX 200 is down 3.2% over that same time.
