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An update from Meridian Energy Limited ( (MDDNF) ) is now available.
Meridian Energy has entered 2026 with exceptionally strong hydro storage following a wet spring and early summer, with inflows, storage and snowpack all well above long-term averages across its key Waitaki and Waiau catchments. This has driven extended spilling, materially lower wholesale prices and a sharp reduction in the company’s average generation sales price compared with a year earlier, even as generation volumes rose 13% and retail sales volumes 12% in the first half of the financial year, backed by a 19.5% increase in customer connections. December and second-quarter data show hydro inflows among the highest on record, robust national electricity demand growth, and higher load from major user New Zealand Aluminium Smelters, while Meridian’s retail segment posted double‑digit volume growth at higher average prices and operating costs rose as capital expenditure fell, underscoring a strong operational position but a softer pricing environment for generation.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based renewable electricity generator and retailer listed on both the NZX and ASX. The company primarily produces electricity from hydro assets in catchments such as Waitaki and Waiau and serves a broad customer base across residential, small and medium business, large business, agricultural and corporate segments in the New Zealand electricity market.
Find detailed analytics on MDDNF stock on TipRanks’ Stock Analysis page.