Mercury Posts Lower Fiscal Q3 Gas Sales; Raises Fiscal 2026 Outlook

MT Newswires Live

04/22

Mercury (ASX:MCY, NZE:MCY) reported fiscal third-quarter gas sales of 278 gigawatt-hours (GWh) at a volume-weighted average price of NZ$41.05 per megawatt-hour (MWh), down from 286 GWh at NZ$34.24 per MWh a year earlier, according to a Wednesday filing with the Australian and New Zealand bourses.

Gas costs in the three months ended March 31 fell to 278 GWh at NZ$18.03 per MWh, compared with 287 GWh at NZ$15.68 per MWh in the prior corresponding period.

Electricity connections rose to 586,000 from 583,000 a year earlier, while gas connections increased to 109,000 from 108,000.

The company increased its fiscal 2026 earnings before interest, taxes, depreciation, amortization, and fair value adjustments guidance to NZ$1.05 billion from NZ$1 billion, citing disciplined portfolio management and stronger-than-expected renewable generation from hydro and new assets.

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