Contact Energy Limited ( (COENF) ) has provided an update.
In February 2025, Contact Energy Limited reported a decrease in mass market electricity and gas sales compared to the previous year, while wholesale electricity sales also saw a slight decline. The company is progressing on key infrastructure projects, with the Te Huka 3 project nearing completion and the Battery Energy Storage System project slightly behind schedule. The unit generation costs have increased, and the company is managing lower than average storage levels in its Clutha scheme. The contracted gas volume for the next year is 4.1PJ, subject to updates based on drilling results.
More about Contact Energy Limited
Contact Energy Limited operates in the energy sector, primarily focusing on electricity and gas sales. The company is involved in both mass market and wholesale electricity sales, and it is engaged in various infrastructure projects such as the Te Huka 3 and Battery Energy Storage System projects.
YTD Price Performance: -2.74%
Average Trading Volume: 1,899
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.04B
See more data about COENF stock on TipRanks’ Stock Analysis page.