Origin Energy Profit Rises Despite Weaker LNG Earnings

Australian energy company Origin Energy reported its statutory profit for the year ended June 2026 rose to A$1.57 billion, up from A$1.48 billion in FY25.

The underlying earnings of the company declined due to lower oil prices and weaker LNG trading, which weighed on its gas business. Underlying profit fell to A$1.16 billion from A$1.49 billion, while underlying EBITDA declined 6% to A$3.22 billion from A$3.41 billion.

The decline was concentrated in Origin's Integrated Gas division, where underlying EBITDA fell to A$1.62 billion from A$2.20 billion due to lower oil-linked earnings and reduced LNG trading gains.