AGL Energy Ltd

AGL: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$92.00	Qjxst	Frqx

AGL Earnings: Strong Performance Slightly Beats Our Expectations

Adrian Atkins

Aug 14, 2024

No-moat AGL Energy’s earnings recovered strongly in fiscal 2024. Underlying net profit after tax nearly tripled to AUD 812 million, 3% ahead of our expectations. Strong earnings growth was mainly driven by higher electricity prices and improved power station operating performances. Dividends totaled AUD 0.61 per share, unfranked, a 50% payout of underlying EPS.

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