2249 GMT - Origin Energy's bull at Jefferies pares earnings expectations from the Energy Markets business in FY26-28. Analyst Amit Kanwatia now expects Origin to report divisional Ebitda of A$1.61 billion in FY26. That represents a 1.8% cut to Jefferies's prior forecast. "Forward electricity prices have also weakened," Jefferies says. That's driven by record renewable output and increased household battery uptake under the Cheaper Home Batteries program. It assumes a decline of A$8/MWh in FY27 forward prices. That creates a A$128 million earnings headwind. "This is partially offset by lower contracted domestic coal prices expected to be down by A$10-15 per ton, providing a A$60 million-A$90 million potential benefit," Jefferies says. It cuts FY27 and FY28 Ebitda forecasts by 2.7% and 5.6% to A$1.72 billion and A$1.95 billion, respectively. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 01, 2026 17:49 ET (22:49 GMT)

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