The Origin Energy Ltd (ASX: ORG) share price is in focus today after releasing its June 2026 quarterly report, which saw Australia Pacific LNG (APLNG) production come in above guidance and a strong lift in battery storage capacity.
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What did Origin Energy report?
- FY26 APLNG production was 668 petajoules (PJ), above the midpoint of guidance (645–680 PJ).
- Origin received fully franked dividends of $911 million in FY26 from APLNG.
- FY26 group EBITDA is expected above the midpoint of guidance ($1,550–$1,750 million).
- Customer accounts grew by 243,000 in Energy Markets and 2.2 million in Octopus Energy.
- Origin now operates 980 MW / 3,408 MWh of battery storage.
- Integrated Gas June quarter revenue rose 6% to $1,964 million compared to the previous quarter.
What else do investors need to know?
Origin has completed the first phase of its review into a recent data security incident, confirming that information from around 900,000 customers was accessed. The company says its response is ongoing, with a focus on supporting those impacted, and the matter is subject to a criminal investigation.
During the quarter, production at APLNG was steady, and higher LNG spot prices boosted revenues. However, gas volumes in the Energy Markets segment declined as expected, while electricity sales saw modest growth. Origin also noted the successful separation of Kraken and Octopus Energy, with a US$1 billion equity raise for Kraken completed in July 2026.
What did Origin Energy management say?
Origin Energy's CEO, Frank Calabria, commented:
Australia Pacific LNG performed strongly and in line with expectations, generating significant cash flow to Origin. In the year ahead, we're investing in increased drilling activity and continued optimisation activities, to support gas supply for customers and the domestic market.
What's next for Origin Energy?
Looking to FY27, APLNG production is forecast to be lower, between 625 and 670 PJ, mainly due to natural field decline, but Origin is increasing drilling and infrastructure investment that is expected to support future output. Capital and operating expenditure for APLNG is set to rise to $3.0–$3.3 billion, reflecting these growth plans.
Origin is also focusing on growth in energy storage and the expansion of Octopus Energy internationally, particularly following strong customer gains in Germany and Italy. The company aims to keep strengthening its flexible energy portfolio and digital capabilities to navigate market changes and accelerate its clean energy transition.
Origin Energy share price snapshot
Over the past 12 months, the Origin Energy share price has underperformed the S&P/ASX 200 index (ASX: XJO) with a decline of around 9%.
