Origin Energy Faces Unavoidable Earnings Cliff in FY28

Dow Jones

07/13

2349 GMT - Origin Energy is facing an earnings headwind of as much as A$340 million in FY28 from shifts in power markets, Macquarie says. "It is not just base pricing, but volatility has collapsed as markets are in oversupply and batteries have successfully taken over the day-to-day work of gas plants," Macquarie says. Suppressed earnings may continue until coal-fired power generation is retired, it says. That could take longer than anticipated. Macquarie cuts its price target on Origin by 9.7% to 10.16 Australian dollars a share, while retaining a neutral call. Origin ended last week at A$10.47. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 12, 2026 19:49 ET (23:49 GMT)

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Suppressed earnings may continue until coal-fired power generation is retired, it says. That could take longer than anticipated. Macquarie cuts its price target on Origin by 9.7% to 10.16 Australian dollars a share, while retaining a neutral call. Origin ended last week at A$10.47. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 12, 2026 19:49 ET (23:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Origin Energy Faces Unavoidable Earnings Cliff in FY28</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOrigin Energy Faces Unavoidable Earnings Cliff in FY28\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-13 07:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2349 GMT - <a href=\"https://laohu8.com/S/ORG.AU\">Origin Energy</a> is facing an earnings headwind of as much as A$340 million in FY28 from shifts in power markets, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> says. \"It is not just base pricing, but volatility has collapsed as markets are in oversupply and batteries have successfully taken over the day-to-day work of gas plants,\" Macquarie says. Suppressed earnings may continue until coal-fired power generation is retired, it says. That could take longer than anticipated. Macquarie cuts its price target on Origin by 9.7% to 10.16 Australian dollars a share, while retaining a neutral call. Origin ended last week at A$10.47. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 12, 2026 19:49 ET (23:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7130","symbol_name":"综合性石油与天然气企业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2651161632","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651161632","pubTimestamp":1783900140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2349 GMT - Origin Energy is facing an earnings headwind of as much as A$340 million in FY28 from shifts in power markets, Macquarie says. \"It is not just base pricing, but volatility has collapsed as markets are in oversupply and batteries have successfully taken over the day-to-day work of gas plants,\" Macquarie says. Suppressed earnings may continue until coal-fired power generation is retired, it says. That could take longer than anticipated. Macquarie cuts its price target on Origin by 9.7% to 10.16 Australian dollars a share, while retaining a neutral call. Origin ended last week at A$10.47.  Dow Jones NewswiresJuly 12, 2026 19:49 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7130":"综合性石油与天然气企业","ORG.AU":"ORIGIN ENERGY LTD","BK7006":"电力公用事业","BK7507":"资源股"},"translate_title":"Origin Energy 在 2028 财年面临不可避免的盈利悬崖","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ORG.AU":0.9},"content_text":"2349 GMT - Origin Energy is facing an earnings headwind of as much as A$340 million in FY28 from shifts in power markets, Macquarie says. \"It is not just base pricing, but volatility has collapsed as markets are in oversupply and batteries have successfully taken over the day-to-day work of gas plants,\" Macquarie says. Suppressed earnings may continue until coal-fired power generation is retired, it says. That could take longer than anticipated. Macquarie cuts its price target on Origin by 9.7% to 10.16 Australian dollars a share, while retaining a neutral call. Origin ended last week at A$10.47. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 12, 2026 19:49 ET (23:49 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}