AGL Energy Ltd

AGL: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$81.40	Fnjx	Xyz

AGL Energy Earnings: Strong First Half but Sinking Wholesale Prices Dampen Outlook

Adrian Atkins

Feb 8, 2024

Narrow-moat-rated AGL Energy reported a strong first-half result. Underlying EBITDA increased 78% to AUD 1.07 billion and underlying NPAT more than quadrupled to AUD 399 million, compared with the weak prior corresponding period. Management lifted the bottom end of fiscal 2024 NPAT guidance by AUD 100 million and now expects AUD 680 million to AUD 780 million. The upgrade reflects the strong first-half performance and improved generation fleet availability and flexibility.

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