Meridian Energy Limited

MEL

NZMELE0002S7

Electric Utilities

End-of-day quote New Zealand S.E. Other stock markets 06:00:00 2024-05-02 pm EDT			5-day change	1st Jan Change
6.1 ^NZD	+1.50%		+2.95%	+10.11%

Apr. 17	Meridian Expects to Complete North Dakota Refinery Construction in Late 2026 -- OPIS	DJ
Apr. 16	New Zealand Shares Drop on Inflation Concerns; Auckland International Airport Falls Slightly Despite Positive March Data	MT

Meridian Energy Limited Reports Operating Results for March and Nine Months to March 2024

April 15, 2024 at 04:30 pm EDT

Meridian Energy Limited reported operating results for March and nine months to March 2024. For the month, the company reported total generation volumes of 1,106 GWh against 988 GWh a year ago.

For the nine months to March 2024, the company reported total generation volumes of 10,258 GWh against 10,198 GWh a year ago.

Latest news about Meridian Energy Limited

Meridian Expects to Complete North Dakota Refinery Construction in Late 2026 -- OPIS	Apr. 17	DJ
New Zealand Shares Drop on Inflation Concerns; Auckland International Airport Falls Slightly Despite Positive March Data	Apr. 16	MT
Transcript : Meridian Energy Limited, Q3 2024 Operating Results Call, Apr 16, 2024	Apr. 15
Meridian Energy National Storage Increases from 93% to 102% for March	Apr. 15	MT
Meridian Energy Limited Reports Operating Results for March and Nine Months to March 2024	Apr. 15	CI
Meridian Energy Subsidiary Flux Federation's CEO Steps Down	Apr. 04	MT
Meridian Energy Declares FX Rate for 2024 Interim Ordinary Dividend	Mar. 21	MT
Meridian Issues Demand Response Cessation Notice to NZAS	Mar. 19	MT
Regulator Appoints Panel for NZ Windfarms for Aokautere Extension Project; Shares Rise 3%	Mar. 17	MT
New Zealand Shares Decline on US PPI Woes; Auckland International Airport's Passenger Volume Jumps 27%	Mar. 15	MT
Meridian Energy Declares Strike Price for Dividend Reinvestment Plan	Mar. 14	MT
New Zealand Shares Flat on Thursday; Pacific Edge's Chair to Retire	Mar. 14	MT
Meridian Energy Completes NZ$300 Million Green Bond Offer	Mar. 13	MT
Meridian Energy Retail Sales Volume Rises in February	Mar. 13	MT
New Zealand Shares End Lower Amid Profit Taking; Meridian Energy Confirms Bond Offer	Mar. 11	MT
Meridian Energy Launches NZ$200 Million Green Bond Offering; Shares Down 9%	Mar. 10	MT
News Highlights : Top Energy News of the Day - Thursday at 11 AM ET	Feb. 29	DJ
Meridian Energy Considering NZ$200 Million Green Bond Offering	Feb. 27	MT
Meridian Energy's Shares Fall 3% Despite 44% Half-Year FY24 Revenue Rise; EPS Slips	Feb. 27	MT
Meridian Energy Limited Announces Dividend for the Six Months Ended December 31, 2023, Payable on March 26, 2024	Feb. 27	CI
Meridian Energy Reports Half Year FY24 Revenue Up 44% to NZ$2.11 Billion; EPS of NZ$ 0.074	Feb. 27	MT
Meridian Energy Reports H1 FY24 Revenue Up 44% to NZ$2.11 Billion; EPS of NZ$0.074	Feb. 27	MT
Transcript : Meridian Energy Limited, H1 2024 Earnings Call, Feb 27, 2024	Feb. 27
Meridian Energy Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 27	CI
New Zealand Shares Close Flat on Tuesday; PGG Wrightson Slumps 13%	Feb. 26	MT

Chart Meridian Energy Limited

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Company Profile

Meridian Energy Limited is a New Zealand-based power company. The Company is engaged in the generation, trading and retailing of electricity and the sale of complementary products and services. The Companyâs segments include New Zealand wholesale and New Zealand retail. The New Zealand wholesale segment includes activity associated with its New Zealand generation of electricity and its sale into the wholesale electricity market; purchase of electricity, and development of renewable electricity generation opportunities. The New Zealand retail segment includes activity associated with retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. It owns and operates six hydro stations in New Zealand. It also has various wind farms and is also engaged in solar power generation across the country. It operates in New Zealand and the United Kingdom. The Company supplies electricity to power homes, businesses and farms.

Sector

Electric Utilities

Calendar

2024-05-13 - April 2024 Sales and Revenue Release - Operating Result

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Ratings for Meridian Energy Limited

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

6.1 NZD

Average target price

5.856 NZD

Spread / Average Target

-4.00%

Consensus

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Estimates Revisions

Quarterly revenue - Rate of surprise

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