Meridian Energy Ltd

MEL: XNZE (NZL)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Meridian Energy: Strong Start to Fiscal 2027, but Politics Cloud the Outlook

Adrian Atkins

Nov 11, 2026

Meridian Energy’s generation rose 19% in the first quarter of fiscal 2027 to a record level, as inflows were 54% above average. Average retail prices rose 1%, and customer numbers fell 0.9%.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

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Meridian Energy Ltd

Meridian Energy: Strong Start to Fiscal 2027, but Politics Cloud the Outlook

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