Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Contact Energy Limited ( (COENF) ) has shared an announcement.
Contact Energy’s February 2026 operating figures show strong activity across its customer and wholesale businesses, with mass market electricity and gas sales rising to 295GWh and contracted wholesale electricity sales climbing to 816GWh. The company maintained broadly stable mass market netbacks while wholesale electricity and steam net revenue per MWh declined, even as total generation increased to 809GWh and unit generation costs fell sharply compared with a year earlier.
Hydro storage levels across Contact’s key South Island and Clutha scheme assets remained close to or above historical means in mid March, supporting operational flexibility despite February inflows in the Clutha catchment dropping to 73% of mean. Contact has contracted 10.2PJ of gas supply and 5.71PJ of gas sales over the next 12 months, and is progressing a pipeline of renewable projects including the Glenbrook-Ohurua battery installations, Kōwhai Park Solar and the Te Mihi Stage 2 geothermal plant, underscoring its ongoing transition toward lower-carbon generation and enhanced capacity.
More about Contact Energy Limited
Contact Energy Limited is a New Zealand-based energy company operating in both customer retail and wholesale electricity and gas markets. It supplies mass market electricity and gas, generates and acquires electricity, and is actively investing in renewable energy projects including solar, geothermal and battery storage developments.
For a thorough assessment of COENF stock, go to TipRanks’ Stock Analysis page.