Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest update is out from Contact Energy Limited ( (COENF) ).
Contact Energy reported strong operational metrics for March 2026, with mass market electricity and gas sales rising to 359 GWh from 282 GWh a year earlier, although customer netback fell to $172.45/MWh from $182.13/MWh. Wholesale contracted electricity sales increased to 903 GWh and total generation or acquisition climbed to 925 GWh, while unit generation costs dropped sharply to $56.24/MWh from $70.12/MWh, reflecting improved cost efficiency and higher hydro and geothermal output.
Futures prices at Otahuhu for Q3 2026 eased over recent weeks, while controlled hydro storage levels in both islands sat at or above long-run averages, supporting supply security. Contact continued to advance its renewable development pipeline, with the Glenbrook-Ohurua Battery 1 now online and major projects such as the Kōwhai Park solar farm, Te Mihi Stage 2 geothermal expansion and Glenbrook-Ohurua Battery 2 progressing, underscoring the company’s shift toward lower-cost, lower-emission generation and its growing role in New Zealand’s energy transition.
More about Contact Energy Limited
Contact Energy Limited is a New Zealand-based electricity generator and retailer with integrated customer and wholesale operations. The company supplies mass market and commercial and industrial customers with electricity, gas and related services, and is actively expanding its renewable generation portfolio, including geothermal, hydro, solar and large-scale battery projects.
See more data about COENF stock on TipRanks’ Stock Analysis page.