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
An update from Contact Energy Limited ( (COENF) ) is now available.
Contact Energy reported strong December 2025 operating metrics, with mass-market electricity and gas sales rising to 340GWh from 274GWh a year earlier and retail netback improving to $168.91/MWh. On the wholesale side, contracted electricity sales increased to 950GWh, electricity and steam net revenue edged up to $103.94/MWh, and generation volumes were broadly stable at 751GWh, though unit generation costs rose to $38.18/MWh due to higher costs of own and acquired generation. Futures prices for Otahuhu power for Q1 2026 fell sharply between late December and mid-January amid elevated hydro storage levels, with South and North Island controlled storage at 129% and 145% of mean respectively and strong inflows into Contact’s Clutha catchment. The company holds 9.0PJ of contracted gas volume for the next 12 months while progressing its strategic shift away from thermal generation, having removed the TCC plant from market offers as decommissioning begins, and continuing construction of major renewable projects such as the Glenbrook-Ohurua battery, Kowhai Park Solar (via a joint venture with Lightsource bp), and the Te Mihi Stage 2 geothermal development, underpinning its longer-term decarbonisation and growth strategy.
More about Contact Energy Limited
Contact Energy Limited is a New Zealand electricity and gas company operating across customer retail and wholesale markets. It generates and acquires electricity, supplies mass-market and commercial customers, and is investing heavily in renewable generation and storage projects, including solar, geothermal and battery energy storage, to strengthen its position in the transitioning energy market.
For detailed information about COENF stock, go to TipRanks’ Stock Analysis page.