Australia's Origin Energy reports 10% drop in Q3 APLNG revenue as commodity prices decline
ReutersApr 29, 2025 11:03 PM
April 30 (Reuters) - Origin Energy ORG.AX on Wednesday logged a 10% sequential fall in revenue for the third quarter from its stake in the Australia Pacific LNG project (APLNG) as underlying commodity prices hit near-year lows.
The power producer reported revenue from APLNG - a joint venture with U.S. oil and gas major ConocoPhillips COP.N and Sinopec 600028.SS - of A$616 million ($393.13 million) for the three months ended March 31 compared to A$681 million posted in the December quarter.
($1 = 1.5669 Australian dollars)
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