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.

View Original Announcement

The post Contact Energy reports higher sales and renewable project progress in August appeared first on The Motley Fool Australia.

The only issue is that it can be difficult to work out exactly how to earn the passive income you want and which ASX 200 shares could help you get there.

Let's break it down, using an annual $10,000 passive income as an example.

What portfolio size do I need to get $10,000 per year in passive income from ASX 200 shares?

To work out how much you'd need to invest in ASX shares to earn your $10,000 per year passive income goal, you need to divide that passive income figure by the dividend yield of your overall portfolio. 

For example, $10,000 at a 3% dividend yield is roughly $333,000. This is the portfolio size you'd need to earn your desired passive income each year.

The tricky part is that the answer varies significantly depending on the dividend yield of the ASX shares you'd have in your portfolio. 

For example, a portfolio with a dividend yield of around 6% only needs to be half the size of one with a dividend yield of around 3% to generate the same level of dividend income. 

How much do I need to invest to earn $10,000 per year from a 4% yielding portfolio? And what ASX 200 shares can I choose from?

To earn the same passive income from a 4% yielding portfolio, you'd need around $250,000. That's because $10,000 ÷  4% = $250,000.

There are several ASX 200 shares that yield around 4%.

At the time of writing, QBE Insurance Group Ltd (ASX: QBE) and ANZ Group Holdings Ltd (ASX: ANZ) both pay a yield of just over 4%. As do Aurizon Holdings Ltd (ASX: AZJ) and Contact Energy Ltd (ASX: CEN).

What about if my portfolio yielded 5%? How much do I need to invest, and what ASX 200 shares can I buy?

To earn the same passive income off a 5% yielding portfolio, you'd need to invest around $200,000 ($10,000 ÷  5% = $200,000).

Again, there are several dividend-paying shares listed on the ASX 200 that yield around this level.

Energy providers Origin Ltd (ASX: ORG) and AGL Energy Ltd (ASX: AGL) yield around this level. As do Amcor Ltd (ASX: AMC), Ebos Group Ltd (ASX: EBO) and Harvey Norman Holdings Ltd (ASX: HVN).

Are there options if I want my portfolio to yield much higher at around 7% or 8%?

To earn your $10,000 passive income off a 7% or 8% yielding portfolio, you'd need to invest much less. Around $143,000 at 7% or $125,000 at 8%.

There are several ASX shares that yield around this level, but not many of them are listed at this level, let alone in the top 200. Higher yields generally come with more risk or sometimes represent a declining share price.

There are some options, though. GQG Partners Inc (ASX: GQG), Wam Leaders (ASX: WLE), Spark New Zealand Ltd (ASX: SPK), Atlas Arteria Ltd (ASX: ALX), and Beach Energy Ltd (ASX: BPT) are all ASX 200-listed shares yielding 7% or even higher.

The post These ASX 200 shares could generate $10,000 per year in passive income appeared first on The Motley Fool Australia.

Meanwhile, the benchmark S&P/ASX 200 Index (ASX: XJO) fell 1.6% to close at 9,115.2 points.

The market had a choppy week amid the Reserve Bank announcing no change to interest rates.

Only four of the 11 market sectors finished the week in the green.

Let's review.

Utilities shares led the ASX sectors last week

The Origin Energy Ltd (ASX: ORG) share price gained 11.55% to finish the week at $12.07.

On Thursday, Origin revealed a statutory profit of $1,574 million for FY26, up from $1,481 million in FY25.

Origin will pay a final dividend of 30 cents per share with 100% franking.

The APA Group (ASX: APA) share price rose 1.51% to $10.06.

APA will announce its FY26 results on Thursday, 20 August.

Mercury NZ Ltd (ASX: MCY) shares fell 1.44% to $5.47.

Mercury will report its FY26 results on Tuesday.

The Meridian Energy Ltd (ASX: MEZ) share price dropped 1.5% to $4.60.

Meridian will release its FY26 results on Wednesday, 26 August.

The AGL Energy Limited (ASX: AGL) share price ascended 7.17% to $8.82.

AGL reported a 2% decrease in net profit after tax (NPAT) to $631 million for FY26.

AGL shares will pay a final dividend of 26 cents per share, fully franked.

Contact Energy Ltd (ASX: CEN) shares edged 0.93% higher to $7.59.

The New Zealand electricity supplier reported a 28% lift in NPAT to NZ$423.4 million for FY26.

The company will pay a final dividend of 24 NZ cents per share, fully imputed at 24%.

Contact Energy is one of 8 ASX shares going ex-dividend next week.

Genesis Energy Ltd (ASX: GNE) shares increased 4.76% to $2.20.

Genesis Energy will announce its FY26 results on Thursday, 27 August.

The LGI Ltd (ASX: LGI) share price dropped 9.55% to $1.99.

LGI will release its FY26 results on Friday, 21 August.

View our reporting calendar for more company announcement dates.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

The post ASX 200 utilities shares gained 7% while the broader market fell heavily last week appeared first on The Motley Fool Australia.

We're midway through this year's second earnings season, in which companies are revealing their results and dividends.

We'd like to help you keep track of ex-dividend dates over the next two months.

Next week, some big names go ex-dividend. We've listed them below, along with the dividend amounts to be paid.

In order to receive a dividend, you must already own, or buy, the ASX share before its ex-dividend date.

ASX shares with ex-dividend dates next week

Contact Energy Ltd (ASX: CEN)

The New Zealand electricity supplier will pay an unfranked dividend of 19.4 cents per share on 23 September.

The ex-dividend date for this ASX utilities share is Monday, 17 August.

Suncorp Group Ltd (ASX: SUN)

This ASX 200 financial share will pay a 100% franked dividend of 62 cents per share on 22 September.

The ex-dividend date is Monday, 17 August.

US Masters Residential Property Fund (ASX: URF)

This ASX real estate share will pay an unfranked dividend of 4 cents per share on 31 August.

The ex-dividend date is Monday, 17 August.

Computershare Ltd (ASX: CPU)

This ASX 200 financial share will pay an unfranked dividend of 65 cents per share on 14 September.

The ex-dividend date is Tuesday, 18 August.

Resmed CDI (ASX: RMD)

This ASX 200 healthcare share will pay an unfranked dividend of 6.6 cents per share on 24 September.

The ex-dividend date is Wednesday, 19 August.

Commonwealth Bank of Australia (ASX: CBA)

CBA shares will pay a fully-franked dividend of $2.70 per share on 29 September.

The ex-dividend date is Wednesday, 19 August.

AMP Ltd (ASX: AMP)

AMP shares will pay a 20% franked dividend of 3 cents per share on 25 September.

The ex-dividend date is Thursday, 20 August.

Helia Group Ltd (ASX: HLI)

This ASX 200 financial share will pay a 37% franked dividend of 43 cents per share on 4 September.

The ex-dividend date is Thursday, 20 August.

Which ASX shares have dividend announcements next week?

On Monday, we'll see reports from JB Hi-Fi Ltd (ASX: JBH) and A2 Milk Company Ltd (ASX: A2M).

Tuesday will be a major day.

Healthcare sector heavyweights CSL Ltd (ASX: CSL), Pro Medicus Ltd (ASX: PME), and Cochlear Ltd (ASX: COH) will report.

BHP shares will also be on watch as the ASX 200 mining giant reveals its full-year FY26 earnings on Tuesday.

On Wednesday, energy giants Santos Ltd (ASX: STO) and Whitehaven Coal Ltd (ASX: WHC) will announce results and dividends.

Also on Wednesday, we'll hear from Temple & Webster Group (ASX: TPW) and Lottery Corporation Ltd (ASX: TLC).

Thursday will be another big day.

Northern Star Resources Ltd (ASX: NST), Goodman Group (ASX: GMG), and Brambles Ltd (ASX: BXB) will release their numbers.

Sonic Healthcare Ltd (ASX: SHL), Zip Co Ltd (ASX: ZIP), and Megaport Ltd (ASX: MP1) will also provide updates.

We'll also hear from the beleaguered SkyCity Entertainment Group (ASX: SKC).

Friday's headline acts will be Charter Hall Group (ASX: CHC) and TPG Telecom Ltd (ASX: TPG).

View our reporting calendar for more companies announcing dividends next week.

The post 8 ASX shares going ex-dividend next week appeared first on The Motley Fool Australia.

What did Contact Energy report?

• Revenue from continuing operations: $3,242.5 million, down 5.7% from prior year
• Net profit after tax: $423.4 million, up 27.8%
• Final dividend: 24.0 NZ cents per share, fully imputed at 24%
• Net tangible assets per share: $4.12, up from $2.87
• Total capital spend towards renewable development: $364 million

What else do investors need to know?

Contact Energy completed the $2.6 billion acquisition of Manawa Energy in July 2025, nearly tripling its number of hydro generation sites across New Zealand. The Manawa deal boosted Contact's net tangible assets and has diversified its energy portfolio by location and fuel type, strengthening overall resilience.

During the year, Contact shut its last gas-fired baseload plant, TCC, accelerating its efforts towards 98% renewable generation and cutting Scope 1 and 2 emissions by 69% from 2021 levels. The company also completed its first grid-scale battery (Glenbrook Ohurua Battery 1) and made progress on new solar and geothermal projects.

What's next for Contact Energy?

Looking forward, Contact plans to continue advancing its "Contact31+" strategy, which aims for net zero energy generation emissions by 2035. The business is currently building new solar farms and a second, larger grid-scale battery, and investing in additional geothermal options.

Contact highlighted the ongoing transition as New Zealand electrifies its economy. Management flagged ongoing investment in renewables and flexibility solutions to capitalise on rising demand and reduce reliance on thermal generation.

Contact Energy share price snapshot

Over the past 12 months, Contact Energy shares have declined 12%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 5% over the same period.

View Original Announcement

The post Contact Energy FY26 earnings: Profits soar as renewables drive growth appeared first on The Motley Fool Australia.

What did Contact Energy report?

• Mass market electricity and gas sales reached 495 GWh in June 2026, up from 410 GWh last year
• Contracted wholesale electricity sales totalled 1,056 GWh (June 2025: 810 GWh)
• Electricity and steam net revenue was $175.68/MWh, compared to $186.08/MWh in June 2025
• Electricity generated (or acquired) increased to 1,101 GWh (June 2025: 846 GWh)
• Unit generation cost, including acquired generation, dropped to $38.16/MWh from $54.27/MWh
• Retail netback decreased slightly, to $141.18/MWh from $146.32/MWh

What else do investors need to know?

Contact Energy is progressing with several renewable energy developments, including the Kōwhai Park Solar, Te Mihi Stage 2 geothermal, Glenbrook-Ohurua Battery 2, and Glorit Solar, with a combined approved cost of over $1.5 billion and staggered completion dates out to 2028.

Hydro storage levels were well above average as of mid-July 2026, with the South Island at 145% and the North Island at 123% of mean levels. The Clutha catchment saw strong inflows, supporting overall storage and generation options.

New Zealand's electricity demand remained broadly steady, down 0.04% on June 2025, but up 1.1% versus June 2024, during what was the warmest June on record.

What's next for Contact Energy?

Contact Energy is maintaining its focus on expanding renewable energy, reducing unit generation costs, and delivering reliable energy for customers. Upcoming project completions, especially in solar and battery storage, are poised to increase renewable supply in the next few years.

The company's continued investments in sustainability, along with a healthy pipeline of projects, underline its commitment to low-carbon generation and growing market share in a stable demand environment.

Contact Energy share price snapshot

Over the past 12 months, Contact Energy shares have declined 6%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

View Original Announcement

This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The post Contact Energy June 2026 earnings: Sales rise, renewables progress appeared first on The Motley Fool Australia.

What did Contact Energy report?

• Mass market electricity and gas sales rose to 461GWh (up from 365GWh in May 2025)
• Customer netback increased to $148.13/MWh (May 2025: $145.13/MWh)
• Contracted wholesale electricity sales reached 1,027GWh (May 2025: 768GWh)
• Electricity generated or acquired for the month totalled 1,034GWh (May 2025: 842GWh)
• Unit generation cost dropped to $37.11/MWh (May 2025: $49.26/MWh)
• Otahuhu ASX futures settlement price as of 11 June 2026 was $111.85/MWh (down from $144/MWh at 30 April 2026)

What else do investors need to know?

Contact Energy highlighted favourable storage conditions, with South Island controlled hydro storage at 120% of mean and North Island at 149% of mean as of 11 June 2026. Clutha scheme storage was also above average, aiding operational flexibility.

The company's renewable development pipeline continues to progress, with major projects such as the Kōwhai Park Solar and Te Mihi Stage 2 geothermal under construction with expected online dates between late 2026 and 2028. Contracted gas volume for the next 12 months stands at 8.2PJ.

New Zealand electricity demand in May 2026 was 1.5% higher than in May 2025, indicating steady market conditions despite a warmer average temperature for the month.

What's next for Contact Energy?

Contact Energy will focus on advancing its renewable projects to support future growth and align with decarbonisation goals. The Kōwhai Park Solar remains on track for completion by Q3 2026, followed by further expansion in geothermal, battery, and solar assets through 2028.

With controlled hydro storage levels remaining strong and wholesale electricity prices easing off recent highs, Contact Energy appears well-positioned to manage both rising demand and cost pressures in the near term.

Contact Energy share price snapshot

Over the past 12 months, Contact Energy shares have declined 8%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Contact Energy's May 2026 report shows higher sales and lower costs appeared first on The Motley Fool Australia.

Yesterday, Contact Energy Ltd (ASX: CEN) found itself in exactly that position, with its shares suspended from trading on both the NZX and ASX while its major shareholder Infratil Ltd (ASX: IFT) completed a significant stake sale.

Trading has since resumed.

But investors may still be seeking a clear explanation of what happened and what it means going forward.

What triggered the halt

The halt was triggered after Contact Energy was notified that Infratil had launched a fully underwritten institutional block trade to sell a portion of its stake in the company.

Contact said the halt was necessary to ensure on-market trading was not distorted by the off-market sale process, stating:

"Contact is not otherwise involved in the process."

Infratil ultimately sold 53.5 million ordinary shares, representing a 5% stake in Contact Energy, at $9.25 per share, generating gross proceeds of approximately NZ$495 million.

After the transaction, Infratil's stake in Contact Energy fell from approximately 14.3% to around 9.08%.

The trading halt was in place for one day, with trading resuming once Contact confirmed the sale process had concluded.

Why did Infratil sell?

Importantly, the sale does not appear to reflect any loss of confidence in Contact Energy itself.

According to Infratil's management, the move was about creating flexibility for future growth opportunities rather than a negative view on the business.

Infratil CEO Jason Boyes said:

We received our initial stake in Contact as part of the sale of Manawa Energy in July 2025 and we remain confident in Contact and the sector's outlook. While we have no immediate funding requirements and our divestment programme is on track, we consider it prudent to reposition this capital now. Infratil remains supportive of Contact and has committed to retaining its remaining shares through to, at least, Contact's FY26 full year results announcement.

Reassuringly for investors, the decision seems to reflect a capital allocation decision rather than a fundamental concern about Contact's outlook.

What does this mean for Contact Energy investors?

In the short term, a large block of shares entering the market can place temporary downward pressure on the stock simply due to the increase in supply.

However, the longer-term investment case for Contact Energy rests on the company's underlying business performance, which has been going well.

Contact lifted electricity and gas sales in April 2026 while progressing new renewable projects and cutting generation costs, continuing a pattern of steady operational delivery.

The company's Contact31+ strategy, backed by a NZ$125 million retail share offer earlier this year, is advancing a pipeline of renewable energy developments that management believes will drive earnings growth over the next decade.

Furthermore, Contact Energy is a 100% renewable electricity generator and retailer operating in New Zealand's highly regulated energy market.

This should translate into very predictable cash flows and a competitive moat that may attract long-term investors.

Foolish takeaway

A trading halt caused by a shareholder selling down a stake, while alarming, does not have to be a major cause of concern for investors.

In Contact Energy's case, the business itself has not changed, the strategy has not changed, and the selling shareholder has publicly committed to retaining its remaining position.

For existing investors, the short-term supply overhang may create a more attractive entry point than was available yesterday.

The post Why trading was paused for this ASX energy share and what it means for investors appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Contact Energy Ltd (ASX: CEN)

The Contact Energy share price is down 6% to $7.70. This follows news that major shareholder Infratil Ltd (ASX: IFT) has completed the sale of a 5% stake in the energy company. Infratil's CEO, Jason Boyes, advised that the transaction would provide additional flexibility to fund future growth opportunities. He said: "We received our initial stake in Contact as part of the sale of Manawa Energy in July 2025 and we remain confident in Contact and the sector's outlook. While we have no immediate funding requirements and our divestment programme is on track, we consider it prudent to reposition this capital now. This means we're well prepared to support future growth opportunities across our portfolio."

IPD Group Ltd (ASX: IPG)

The IPD Group share price is down 11% to $5.50. Investors have been selling this electrical solutions provider's shares following the release of guidance for FY 2026. IPD advised that it expects FY 2026 underlying EBITDA of between $54.5 million and $55.3 million. This represents growth of around 18% at the midpoint compared with FY 2025 statutory EBITDA. However, this seems to have fallen short of the market's expectations for the year.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price is down 2% to $19.00. This has been driven by news that the gold mining giant's CEO is stepping down. The company's managing director, Stuart Tonkin, has advised the board of his intention to step down during the first quarter of FY 2027. Tonkin has been with Northern Star for 13 years. He said: "After 13 years leading Northern Star through significant growth, I'm proud to leave the Company in an exceptional position. The team, the assets and the outstanding growth outlook is unique and after many years of rewarding challenges, I have decided to step down."

Tower Ltd (ASX: TWR)

The Tower share price is down 7% to $1.57. This morning, the New Zealand-based insurance company announced its half-year results and reported a 40% decline in underlying net profit after tax to NZ$36.8 million. Management advised that this half "compares against an exceptionally strong prior-year half, which benefited from unusually benign weather conditions and favourable claims experience."

The post Why Contact Energy, IPD, Northern Star, and Tower shares are sinking today appeared first on The Motley Fool Australia.

Two of the big-name S&P/ASX 200 Index (ASX: XJO) stocks are trailing well behind the 1.7% gains posted by the benchmark index in early afternoon trade on Thursday, while one is charging ahead of those gains.

Here's what's catching investor interest.

Northern Star shares slide on leadership shakeup

Northern Star shares are down 2.6% at the time of writing, changing hands for $18.84 apiece.

That sees shares in the ASX 200 gold mining giant down 22.9% in 2026.

Investors appear to be favouring their sell buttons after Northern Star announced that managing director Stuart Tonkin will step down in the first quarter of FY 2027.

Over a 13-year period, Tonkin has served as the miner's chief operating officer, CEO, and then managing director.

The board said it has commenced a formal process to assist with the orderly transition to a new managing director.

Commenting on his decision to step down, which looks to be pressuring Northern Star shares today, Tonkin said:

After 13 years leading Northern Star through significant growth, I'm proud to leave the company in an exceptional position. The team, the assets and the outstanding growth outlook is unique.

Which brings us to…

Contact Energy shares tumble on Infratil share sale

Contact Energy shares are also not joining in the broader stock market rally today.

Shares in the ASX 200 New Zealand-based energy generator and retailer are down a sharp 6% at the time of writing, trading for $7.71 each, after shares exited Wednesday's trading halt.

Contact Energy is under pressure after it reported that infrastructure investment company Infratil Ltd (ASX: IFT) had sold more than 53 million of its shares, representing some 5% of Contact Energy's outstanding shares.

Infratil, which remains a substantial shareholder, sold its Contact Energy shares for $9.25 apiece.

And finally…

Zip shares lift on Aussie branding news

Joining Contact Energy and Northern Star shares in the headlines today, Zip shares are surging higher.

At the time of writing, shares in the ASX 200 BNPL stock are up 4.6% at $2.30 each.

Investors are snapping up Zip shares after the company revealed that it has reached an undisclosed settlement with privately owned, non-bank financial institution Firstmac Limited regarding the use of the name 'Zip' in its Australian markets.

Last week, the High Court of Australia ruled that the ASX 200 BNPL stock could no longer call itself Zip Down Under, as Firstmac held a 2004 trademark for the term.

But following today's settlement announcement, Zip can keep its branding intact in Australia.

Management said that the settlement with Firstmac will not have any material impact on Zip's full-year FY 2026 guidance.

The post Why Zip, Contact Energy and Northern Star shares are making headlines on Thursday appeared first on The Motley Fool Australia.

What did Contact Energy report?

• Infratil sold 53,531,358 ordinary shares, equating to 5% of Contact Energy's issued share capital
• Shares were sold at $9.25 each
• The trading halt on Contact Energy shares will be lifted
• No changes announced to company operations or leadership

What else do investors need to know?

The sale by Infratil represents a significant shift in Contact Energy's shareholder structure, with Infratil confirming it has sold down its holding but remaining a substantial shareholder. The trading halt, put in place to manage the market implications of this transaction, is set to be lifted soon following completion of the block trade.

There have been no announcements regarding changes to Contact Energy's strategy, operations, or management as a result of this transaction. Everyday shareholders are likely to see increased liquidity in Contact's shares as a result of the sell-down.

What's next for Contact Energy?

Contact Energy has reiterated its commitment to ongoing business strategy, focusing on providing reliable energy solutions and supporting New Zealand's transition to renewable energy. The company remains focused on operational efficiency and enhancing shareholder value, according to previous communications.

With Infratil's partial exit, investors will be watching for any further movements in the shareholder register, but no changes to long-term company plans were flagged today.

Contact Energy share price snapshot

Over the past 12 months, Contact Energy shares have risen 1%, matching the S&P/ASX 200 Index (ASX: XJO) which has also risen around 1% over the same period.

View Original Announcement

The post Contact Energy shares resume trading after 5% stake sale appeared first on The Motley Fool Australia.

The deal will see Infratil earn almost NZ$500m after it sells 53.5 million shares at NZ$9.25 each through a fully underwritten institutional block trade.

After the sale, Infratil's stake in Contact Energy will drop to roughly 9.08%.

Why is Infratil selling?

According to Infratil's management, the move is about creating flexibility for future growth opportunities rather than losing confidence in Contact Energy itself.

Infratil CEO Jason Boyes said the company remains confident in both Contact Energy and the broader energy sector outlook. He noted that Infratil originally received its Contact Energy stake as part of the Manawa Energy transaction, which was completed in 2025.

Boyes also said Infratil currently has no immediate funding pressures, but believes it is prudent to reposition its capital now so that the company is ready to support future growth opportunities across its portfolio.

That explanation makes sense given how infrastructure investors typically operate.

Companies like Infratil regularly recycle capital by selling mature investments and redirecting funds into new opportunities with potentially stronger long-term returns. Infratil has investments spanning renewable energy, digital infrastructure, healthcare, and data centres. These are all sectors that require substantial amounts of capital to grow.

Importantly, Infratil is not completely exiting Contact Energy.

The company said it intends to retain its remaining shares through at least Contact Energy's FY26 results announcement in August 2026, subject to customary exceptions.

Contact Energy shares were placed in a trading halt prior to the announcements, and its investors will likely be focused on the large volume of shares being sold into the market. Big sell-downs can sometimes place short-term pressure on a stock simply because of the increase in supply.

Longer term, though, investors will probably pay closer attention to Contact Energy's underlying business performance and Infratil's next move with the cash raised from the sale.

Infratil shares are up 28% so far in 2026, whilst Contact Energy shares are roughly flat from where they started the year.

The post Why is Infratil cashing out of its Contact Energy shares? appeared first on The Motley Fool Australia.

What did Contact Energy report?

• Mass market electricity and gas sales jumped to 372GWh (April 2025: 284GWh)
• Customer netback increased to $153.24/MWh (April 2025: $148.59/MWh)
• Contracted wholesale electricity sales rose to 898GWh (April 2025: 655GWh)
• Electricity and steam net revenue was $148.95/MWh (April 2025: $146.59/MWh)
• Unit generation cost decreased to $44.95/MWh (April 2025: $49.48/MWh)
• Electricity generated or acquired grew to 962GWh (April 2025: 722GWh)

What else do investors need to know?

Otahuhu's ASX futures settlement price for Q3 2026 stood at $144/MWh as at 30 April, down from $189/MWh at 31 March. This highlights some recent wholesale price pressure, although market storage levels are robust, with South Island and North Island controlled storage at 107% and 179% of mean respectively as of mid-May.

Progress continues on Contact's renewables pipeline, including the Kōwhai Park Solar project (expected online Q3 CY2026), Te Mihi Stage 2 geothermal (Q3 CY2027), and the Glenbrook-Ohurua Battery (Q1 CY2028). Contracted gas volumes for the next 12 months are 8.7PJ, providing supply flexibility.

New Zealand's total electricity demand rose 3.6% year-on-year for April, aided by warmer temperatures and ongoing population growth. Retail customer connections edged up, with electricity and gas accounts reaching approximately 460,000 and 78,000 respectively.

What's next for Contact Energy?

Contact Energy is ramping up its focus on renewable energy development, with several major projects scheduled for completion in the coming years. This investment supports Contact's aim to lower generation costs and provide more sustainable options to customers.

Storage levels are currently above long-term averages, positioning the company well for winter and allowing for flexibility in managing energy supply and market risk. Watch for updates on project milestones and evolving wholesale price trends in the months ahead.

Contact Energy share price snapshot

Over the past 12 months, Contact Energy shares have declined 5%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

View Original Announcement

The post Contact Energy reports April 2026 earnings appeared first on The Motley Fool Australia.

What did Contact Energy report?

• Rob McDonald will retire as Chair after the 2026 Annual Shareholder Meeting
• Jon Macdonald, current independent director, appointed as Chair-elect
• Rob McDonald served as Chair since 2018 and joined the Board in 2015
• Leadership succession follows acquisition of Manawa Energy Limited and major growth initiatives

What else do investors need to know?

Rob McDonald's time as Chair saw Contact accelerate its renewable generation strategy and deliver key projects supporting New Zealand's energy transition. Under his leadership, the company also completed its acquisition of Manawa Energy Limited, reinforcing its market position.

Jon Macdonald brings strong governance and executive experience to the Chair role, having served as Chief Executive of Trade Me Group and holding board roles at Sharesies Group, Mitre 10 New Zealand, and Kiwibank Limited. This transition is expected to provide continuity and stability for Contact Energy's future strategic direction.

What's next for Contact Energy?

The upcoming change in Chair is expected to be seamless, as Jon Macdonald's experience supports ongoing momentum for Contact's strategic plans. The Board expressed confidence that his leadership will continue to drive innovation and shareholder value, focusing on renewable energy and customer outcomes.

The company remains committed to supporting the nation's energy transition and strengthening its position in the New Zealand energy sector.

Contact Energy share price snapshot

Over the past 12 months, Contact Energy shares have declined 9%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

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The post Contact Energy appoints new Chair as Rob McDonald retires appeared first on The Motley Fool Australia.

What did Contact Energy report?

• Mass market electricity and gas sales rose to 359 GWh (March 2025: 282 GWh).
• Mass market netback was $172.45/MWh, down from $182.13/MWh a year ago.
• Contracted wholesale electricity sales climbed to 903 GWh (March 2025: 701 GWh).
• Total electricity and steam net revenue was $130.99/MWh (March 2025: $135.72/MWh).
• Unit generation cost decreased to $56.24/MWh (March 2025: $70.12/MWh).
• Electricity generated or acquired grew to 925 GWh (March 2025: 767 GWh).

What else do investors need to know?

Contact Energy has seen healthy growth in total customer connections, reaching 684,000 in March 2026. Gas sales volumes and telco connections also increased compared to the same time last year.

Controlled hydro storage remains strong, especially in the North Island (182% of mean), helping to support elevated electricity generation. Contracted gas volumes for the next 12 months now total 8.5 PJ, including contracted swaps.

The Glenbrook-Ohurua Battery 1 came online in March, marking progress in Contact's renewable development. Other major projects, such as Kōwhai Park Solar and Te Mihi Stage 2 geothermal, remain under construction, aiming for completion from late 2026 to 2028.

What's next for Contact Energy?

Contact Energy continues to advance its renewables strategy, with several large-scale solar, geothermal, and battery projects underway. The successful commissioning of Battery 1 demonstrates ongoing delivery on these plans.

Looking ahead, the company will focus on maximising benefits from increased generation capacity and storage, as well as navigating wholesale price fluctuations. Investors can expect updates as the major renewable projects near completion.

Contact Energy share price snapshot

Over the past 12 months, Contact Energy shares have declined 7%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 16% over the same period.

View Original Announcement

The post Contact Energy lifts sales and generation in March 2026 monthly update appeared first on The Motley Fool Australia.

What did Contact Energy report?

• Mass market electricity and gas sales rose to 295GWh (Feb 2025: 237GWh)
• Average customer netback held steady at $160.23/MWh (Feb 2025: $159.57/MWh)
• Contracted wholesale electricity sales reached 816GWh (Feb 2025: 632GWh)
• Unit generation cost dropped to $41.70/MWh (Feb 2025: $70.95/MWh)
• Electricity generated (or acquired) totalled 809GWh (Feb 2025: 675GWh)
• Average electricity sales price rose to $380.72/MWh (Feb 2025: $341.24/MWh)

What else do investors need to know?

Contact Energy's wholesale business saw a notable fall in unit generation costs and higher electricity sales, which points to improving operational efficiency. However, electricity and steam net revenue per megawatt hour declined to $122.35 from $133.15 a year ago, reflecting some pricing or mix changes.

Hydro storage on 16 March 2026 was healthy, with South Island at 98% and North Island at 164% of mean levels. February 2026 inflows into the Clutha catchment, though, were 73% of the mean, following strong inflows in previous months.

Contact is progressing with three major renewable projects, including Glenbrook-Ohurua Battery (Q1 CY26), Kōwhai Park Solar (Q2 CY26), and Te Mihi Stage 2 geothermal (Q3 CY27).

What's next for Contact Energy?

Contact Energy is firmly focused on expansion and transition to renewables, with several large projects under construction and over $1 billion invested in new solar, battery, and geothermal facilities through 2027.

Equity analysts' FY26 EBITDAF forecasts have been summarised, with consensus in the $965 million to $995 million range, depending on Manawa integration costs. The company is not endorsing individual forecasts.

Contact Energy share price snapshot

Over the past 12 months, Contact Energy shares have declined 4%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 10% over the same period.

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The post Contact Energy posts higher sales and lower costs in February 2026 report appeared first on The Motley Fool Australia.

What did Contact Energy report?

• Retail share offer oversubscribed, receiving approximately NZ$251 million in valid applications
• 29,727 eligible shareholders participated, up from 18,667 in the 2021 offer
• Total NZ$125 million raised under the retail offer after accepting an additional NZ$50 million in oversubscriptions
• Retail offer shares issued at NZ$8.75 per share (A$7.36 for Australian investors)
• Settlement and trading to commence on NZX from 13 March 2026, and on ASX from 16 March 2026
• Dividend Reinvestment Plan (DRP) strike price set at NZ$8.75, with shares issued 25 March 2026

What else do investors need to know?

The retail offer is part of Contact's broader capital raising effort, following a fully underwritten NZ$450 million institutional placement. The total equity raise aims to support the acceleration and potential expansion of Contact's renewable energy projects, in line with its Contact31+ strategy.

Participation in the retail offer was notably strong, with more shareholders taking part than in previous rounds. All new shares will rank equally with existing ordinary shares, and confirmations on allocations and any surplus refunds will be sent out from 19 March 2026.

The Dividend Reinvestment Plan's strike price has also been set to benefit investors, using the lower of the five-day volume weighted average price (less a 2% discount) or NZ$8.75, which aligns with the retail offer price.

What's next for Contact Energy?

Proceeds from the capital raising will be directed towards advancing and potentially upsizing renewable energy developments. These projects are designed to boost Contact's environmental credentials and future growth as part of its Contact31+ strategic goals.

Investors should watch for further announcements as new projects take shape and the company provides updates on deployment and impacts on future earnings.

Contact Energy share price snapshot

Over the past 12 moths, Contact energy shares have declined 4%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 12% over the same period.

View Original Announcement

The post Contact Energy reports strong support for 2026 retail share offer appeared first on The Motley Fool Australia.

What did Contact Energy report?

• Successfully completed a fully underwritten NZ$450 million institutional placement
• Equity raise totals up to NZ$525 million, including a proposed NZ$75 million non-underwritten retail offer
• Strong support from existing shareholders and demand from new international institutional investors
• Settlement for the placement expected on 20 February 2026 (NZX) and 19 February 2026 (ASX)
• All new shares to rank equally with existing ordinary shares

What else do investors need to know?

Contact Energy will open its retail offer to eligible shareholders on 19 February 2026, aiming to raise up to NZ$75 million, with the ability to accept additional subscriptions at its discretion. The retail offer closes on 6 March 2026, giving existing investors a chance to participate on similar terms to the institutional placement.

The company has emphasised fairness by ensuring all eligible institutional shareholders who applied for at least their pro-rata allocation received that amount. New shares issued will begin trading on both the NZX and ASX from 20 February 2026 (placement) and 13 March 2026 (retail offer).

What's next for Contact Energy?

Funds raised through this placement and retail offer will support Contact Energy's growth plans and strengthen its balance sheet as it continues to invest in New Zealand's renewable energy future. The company says it is focused on treating shareholders fairly while providing opportunities for both existing and new investors to participate in its long-term strategy.

Contact aims to deliver value for its shareholders by advancing planned projects and initiatives aligned with its sustainability goals, keeping the energy business competitive in the changing market landscape.

Contact Energy share price snapshot

Over the past 12 months, Contact Energy hare have declined 3%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 5% over the same period.

View Original Announcement

The post Contact Energy completes NZ$450m share placement for growth plans appeared first on The Motley Fool Australia.

What did Contact Energy report?

• Contact has offered to buy the remaining 24.98% of King Country Energy from King Country Trust for around $47 million.
• The purchase, if finalised, would give Contact full ownership of five hydropower stations with 53MW installed capacity.
• The consideration is expected to be paid in scrip (new Contact shares issued to the Trust or its nominee).
• Consultation and review will occur before any deal is finalised, with completion targeted for Q2 CY26.

What else do investors need to know?

Contact already operates and maintains King Country Energy's five hydropower stations, supplying renewable power mainly in the King Country and Horowhenua regions. Full ownership would streamline operations and integrate King Country Energy's assets under the Contact umbrella.

Before the deal can proceed, King Country Trust will run a public consultation and special review, as required by their trust deed. This process is expected to last around a month, and any agreement remains subject to approval from both parties.

What's next for Contact Energy?

The next step is the Trust's public consultation, which will help inform its decision on the offer. If both parties agree, a sale and purchase agreement could be signed and completed in the second quarter of calendar year 2026.

If finalised, Contact Energy will issue new shares as payment, consolidating all King Country Energy operations and assets under its direct control. Investors should watch for further updates as the review and consultation progress.

Contact Energy share price snapshot

Over the past 12 months, Contact Energy shares have risen 1%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Contact Energy offers $47m for full King Country Energy ownership appeared first on The Motley Fool Australia.

Meanwhile, the benchmark S&P/ASX 200 Index (ASX: XJO) fell 0.49% to close at 8,860.1 points.

Market spirits were dampened by news of lower unemployment, which raised the prospect of an interest rate hike this year.

Seven of the 11 market sectors finished in the red.

Let's recap.

Utilities shares led the ASX sectors last week

There are only 21 companies in the ASX 200 utilities sector.

Let's review the performance of the seven largest players by market capitalisation last week.

Origin Energy Ltd (ASX: ORG) shares rose 7.22% to finish the week at $11.73.

The APA Group (ASX: APA) share price rose 3.21% to $8.99.

Mercury NZ Ltd (ASX: MCY) shares were steady at $5.50.

The Meridian Energy Ltd (ASX: MEZ) share price rose 2.29% to $4.91.

The AGL Energy Limited (ASX: AGL) share price lifted 1.85% to $8.82.

Contact Energy Ltd (ASX: CEN) shares fell 2.56% to $8 apiece.

Genesis Energy Ltd (ASX: GNE) shares increased 1.94% to $2.10.

Energy sector also rises strongly

The ASX 200 energy sector was the second best performer, rising 3.56%.

US natural gas futures skyrocketed last week, and WTI crude oil futures rose 1% amid a persistently softer US dollar.

On Friday, analysts at Trading Economics said US natural gas futures were on track for a weekly gain of more than 70%.

That would be the largest increase among records dating back to 1990.

The analysts said:

US natural gas futures surged past $5.53 per MMBtu, approaching levels last seen in December 2022, as extreme cold forecasts boosted demand expectations and raised supply risks.

Temperatures are projected to remain mostly below normal through February 5 …

A severe winter storm is expected to affect roughly two-thirds of the country, increasing residential and commercial consumption and raising the risk of inventory drawdowns.

At the same time, output is around a three-month low, with part of this week's production decline linked to freeze-offs, particularly in southern regions.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

The post ASX 200 utilities shares led the market last week appeared first on The Motley Fool Australia.