Origin Energy's Australia Pacific LNG revenue fell 8% to A$2.553bn in Q1, production rose 7%, and gas sales dropped 14% due to warmer weather and reduced demand.
Origin Energy Limited's Australia Pacific LNG revenue dropped 8% to A$2.553bn in the first quarter compared to the previous year, but production increased by 7% to 176.2 PJ. Retail electricity sales volumes remained steady, while gas sales volumes fell 14% due to warmer weather and reduced demand. The company noted a consistent customer base, but highlighted that household usage decreased because of increased reliance on solar energy and improved energy efficiency.
April 30, 2024
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