Origin Energy see 12% rise in quarter revenue

Company News

by Rachael Jones

Gas and energy company Origin Energy (ASX:ORG), has seen a rise in integrated gas revenue of twelve per cent on last quarter to $640 million.

This result has been driven by higher commodity prices for liquefied natural gas and domestic gas over the quarter.

Electricity sales are up 4 per cent on last quarter and natural gas sales have seen a 6 per cent rise.

Origin's capital expenditure however was lower than expected at $42 million, a 68 per cent decrease on the last quarter.

Shares in Origin Energy (ASX:ORG) are trading 0.07 per cent higher to $7.17.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.