Meridian's Ugly 1H Result Unlikely to Be Repeated -- Market Talk

Dow Jones

Feb 27, 2025

0016 GMT - Meridian Energy's 1H result was ugly and its outlook for the rest of the fiscal year is deteriorating every week it doesn't rain, says Forsyth Barr. Meridian's 1H Ebitdaf of NZ$257 million was its lowest as a listed entity. Meridian held its dividend flat in response, missing Forsyth Barr's expectations of a moderate rise. Still, Forsyth Barr is confident its travails are a one-off. "The sector is more aware of the gas shortage issues and has put in place contingencies, including more coal, early use of NZAS demand response, and is seeking to unlock contingent hydro storage," analyst Andrew Harvey-Green says. NZAS refers to New Zealand Aluminium Smelters, which is run by Rio Tinto and accounts for some 13% of New Zealand's energy demand. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 26, 2025 19:16 ET (00:16 GMT)

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Meridian's 1H Ebitdaf of NZ$257 million was its lowest as a listed entity. Meridian held its dividend flat in response, missing Forsyth Barr's expectations of a moderate rise. Still, Forsyth Barr is confident its travails are a one-off. \"The sector is more aware of the gas shortage issues and has put in place contingencies, including more coal, early use of NZAS demand response, and is seeking to unlock contingent hydro storage,\" analyst Andrew Harvey-Green says. NZAS refers to New Zealand Aluminium Smelters, which is run by Rio Tinto and accounts for some 13% of New Zealand's energy demand. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 26, 2025 19:16 ET (00:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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>Meridian's Ugly 1H Result Unlikely to Be Repeated -- Market Talk</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\">\nMeridian's Ugly 1H Result Unlikely to Be Repeated -- Market Talk\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\">2025-02-27 08:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0016 GMT - Meridian Energy's 1H result was ugly and its outlook for the rest of the fiscal year is deteriorating every week it doesn't rain, says Forsyth Barr. Meridian's 1H Ebitdaf of NZ$257 million was its lowest as a listed entity. Meridian held its dividend flat in response, missing Forsyth Barr's expectations of a moderate rise. Still, Forsyth Barr is confident its travails are a one-off. \"The sector is more aware of the gas shortage issues and has put in place contingencies, including more coal, early use of NZAS demand response, and is seeking to unlock contingent hydro storage,\" analyst Andrew Harvey-Green says. NZAS refers to New Zealand Aluminium Smelters, which is run by Rio Tinto and accounts for some 13% of New Zealand's energy demand. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 26, 2025 19:16 ET (00:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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":"EBSB","symbol_name":"莫里迪恩洲际合众银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514205890","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514205890","pubTimestamp":1740615360,"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":"0016 GMT - Meridian Energy's 1H result was ugly and its outlook for the rest of the fiscal year is deteriorating every week it doesn't rain, says Forsyth Barr. Meridian's 1H Ebitdaf of NZ$257 million was its lowest as a listed entity. Meridian held its dividend flat in response, missing Forsyth Barr's expectations of a moderate rise. Still, Forsyth Barr is confident its travails are a one-off. \"The sector is more aware of the gas shortage issues and has put in place contingencies, including more coal, early use of NZAS demand response, and is seeking to unlock contingent hydro storage,\" analyst Andrew Harvey-Green says. NZAS refers to New Zealand Aluminium Smelters, which is run by Rio Tinto and accounts for some 13% of New Zealand's energy demand. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EBSB":"莫里迪恩洲际合众银行"},"translate_title":"Meridian丑陋的上半年业绩不太可能重演——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBSB":1},"content_text":"0016 GMT - Meridian Energy's 1H result was ugly and its outlook for the rest of the fiscal year is deteriorating every week it doesn't rain, says Forsyth Barr. Meridian's 1H Ebitdaf of NZ$257 million was its lowest as a listed entity. Meridian held its dividend flat in response, missing Forsyth Barr's expectations of a moderate rise. Still, Forsyth Barr is confident its travails are a one-off. \"The sector is more aware of the gas shortage issues and has put in place contingencies, including more coal, early use of NZAS demand response, and is seeking to unlock contingent hydro storage,\" analyst Andrew Harvey-Green says. NZAS refers to New Zealand Aluminium Smelters, which is run by Rio Tinto and accounts for some 13% of New Zealand's energy demand. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 26, 2025 19:16 ET (00:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}