2248 GMT - AGL Energy's trading revenue in 2H likely took a hit from weaker-than-expected utilization of its coal-fired power plants, Jefferies says. It notes that utilization of the Bayswater plant fell by 14.1 percentage points, to 71.4%, in June. Separately, Loy Yang A saw a decline of 9.6 percentage points, to 87.2%. This contributed to average utilization of both plants falling in 4Q, analyst Anthony Moulder says. "For 2H, we estimate trading revenues to be A$218 million lower across Bayswater and Loy Yang A, partially offset by a A$48 million uplift from stronger performance in South Australian gas peakers," Jefferies says. AGL's share price ended Thursday at A$9.81. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 10, 2025 18:48 ET (22:48 GMT)
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