Meridian Energy Reports Challenging March 2025 with Lower Inflows and Sales

The latest update is out from Meridian Energy Limited ( (MDDNF) ).

Meridian Energy Limited’s March 2025 operating report highlights a challenging period with national hydro storage slightly increasing but remaining below historical averages. The company experienced lower inflows and storage levels, leading to reduced electricity generation compared to the previous year, although at higher average prices. Retail sales volumes decreased, with notable declines in the agriculture segment, while customer numbers grew. Despite lower operating costs and capital expenditure, the company faces ongoing challenges due to dry weather conditions impacting water storage and electricity demand.

More about Meridian Energy Limited

Meridian Energy Limited is a New Zealand-based company operating in the energy sector. It is listed on the NZX and ASX stock exchanges under the symbols MEL and MEZ, respectively. The company is primarily involved in the generation and retail of electricity, with a focus on sustainable and renewable energy sources.

YTD Price Performance: -5.41%

Average Trading Volume: 2,242

Technical Sentiment Signal: Buy

Current Market Cap: $9.17B

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