The Contact Energy Ltd (ASX: CEN) share price is in focus today after the company reported mass market electricity and gas sales of 550GWh, up from 454GWh in August 2025, and a stable mass market netback of $148.57/MWh.
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What did Contact Energy report?
- Mass market electricity and gas sales: 550GWh (August 2025: 454GWh)
- Mass market netback: $148.57/MWh (August 2025: $148.36/MWh)
- Wholesale contracted electricity sales: 1,087GWh (August 2025: 1,090GWh)
- Electricity and steam net revenue: $164.59/MWh (August 2025: $164.24/MWh)
- Unit generation cost: $40.90/MWh (August 2025: $57.52/MWh)
- Geothermal generation: 457GWh; Hydro generation: 539GWh
What else do investors need to know?
Contact Energy continues to progress several renewable development projects, including Te Mihi Stage 2 geothermal (expected online Q3 CY27, $712m), Glenbrook-Ohurua Battery 2 (Q1 CY28, $235m), and Glorit Solar (Q4 CY28, $316m). The company reports strong controlled hydro storage, with the South Island at 166% and North Island at 84% of mean.
Electricity demand in New Zealand for August 2026 was down 0.3% compared to August 2025, but up 5.3% on August 2024. The average temperature across the country hit 9.7ºC, continuing a warmer-than-normal trend.
What's next for Contact Energy?
Looking ahead, Contact Energy is focused on delivering its renewable development pipeline, aiming to bring more geothermal, battery, and solar capacity online over the coming years. The company's next 12 months are supported by contracted gas volumes of 8.2PJ and an ongoing commitment to strong operational performance.
Contact's ESG initiatives, including reduced greenhouse gas emissions intensity and increased community support, remain a key part of its long-term strategy, providing further confidence for socially responsible investors.
Contact Energy share price snapshot
Over the past 12 months, Contact Energy shares have declined 15%, trailing the S&P/ASX 200 Index (ASX: XJO), which has declined 1% over the same period.
