The Contact Energy Ltd (ASX: CEN) share price is in focus as the company released its September 2025 monthly operating report, showing mass market electricity and gas sales were 372GWh, just below last year's 389GWh. The average mass market netback improved to $150.12/MWh compared to $130.58/MWh in September 2024.
What did Contact Energy report?
- Mass market electricity and gas sales: 372GWh (September 2024: 389GWh)
- Mass market netback: $150.12/MWh (September 2024: $130.58/MWh)
- Wholesale contracted electricity sales: 736GWh (September 2024: 814GWh)
- Electricity and steam net revenue: $168.78/MWh (September 2024: $174.51/MWh)
- Electricity generated (or acquired): 820GWh (September 2024: 859GWh)
- Unit generation cost (including acquired generation): $35.77/MWh (September 2024: $52.04/MWh)
What else do investors need to know?
Contact's integration of Manawa Energy is progressing, and future reports will reflect combined results. The company's renewable development pipeline remains active, with projects including the Glenbrook-Ohurua BESS, Kowhai Park Solar, and Te Mihi Stage 2 geothermal expected to progressively come online through to 2027.
Hydro storage levels in both the South and North Islands are strong, sitting above 115% of historical averages. Nationwide electricity demand climbed 6.5% year on year in September.
What's next for Contact Energy?
Contact Energy continues to focus on delivering its portfolio of renewable energy projects and integrating the recently acquired Manawa Energy operations. The company aims to provide more combined performance data in future reports, which should add transparency for investors.
Ongoing investment in renewable assets and disciplined cost management remain central to the company's growth plans, positioning Contact to support New Zealand's transition to low-carbon energy.
Contact Energy share price snapshot
Contact Energy shares have risen 2% in the past year, trailing the S&P/ASX 200 Index (ASX: XJO) which has increased 8% over the same period.
