Origin FY26 APLNG Output 668 PJ, $911m in Dividends

Origin Energy (ASX:ORG) released its Quarterly Report for the period to 30 June 2026, covering its Integrated Gas, Energy Markets and Octopus Energy segments. Australia Pacific LNG (100 per cent) FY26 production was 668 PJ, above the midpoint of guidance of 645-680 PJ, and Origin received fully franked dividends of $911 million in FY26, towards the top end of guidance. June quarter production was 164.6 PJ, stable compared with the prior quarter, while June quarter commodity revenue increased 6 per cent on the prior quarter to $1,964 million, reflecting increased LNG spot volumes and prices and higher short term domestic volumes, albeit at lower prices. The average realised LNG price was US$9.93 per mmbtu for the quarter, up 4 per cent on the March quarter, and the average realised domestic gas price was $5.20 per GJ, up 21 per cent. FY27 production is expected to be lower at 625-670 PJ, primarily reflecting natural field decline, with FY27 capex and opex expected to be higher at $3.0-$3.3 billion, reflecting increased drilling.

In Energy Markets, FY26 electricity sales volumes increased 1 per cent to 36.5 TWh while gas volumes declined 17 per cent to 157.9 PJ, in line with expectations, due to lower demand from large customers and power generation. Customer accounts increased by 243,000 in FY26 with growth across electricity, gas and internet, and Origin now has 980 MW / 3,408 MWh of battery storage in operation. FY26 Energy Markets EBITDA is expected to be above the midpoint of guidance of $1,550-$1,750 million. Origin stated that this week it completed the initial phase of its review of a data security incident, confirming information from approximately 900,000 customers was accessed; the review is ongoing, the focus is on supporting affected customers, and the matter remains subject to criminal investigation. In the Octopus Energy Group segment, Kraken and Octopus have formally separated, with the US$1 billion Kraken equity raise completed in July 2026. Octopus Energy grew customer accounts by 343,000 in the quarter, taking full-year organic growth to 2.2 million accounts, and Kraken FY26 revenue increased 19 per cent with contracted accounts reaching 95 million. Origin consolidated capex was $969 million in FY26, down 34 per cent on FY25.