Origin Energy (ASX:ORG) Sees March Quarter Revenue Dip Amid Operational Challenges

April 30, 2025 02:33 PM AEST | By Team Kalkine Media

Origin Energy (ASX:ORG) Sees March Quarter Revenue Dip Amid Operational Challenges — Image source: Shutterstock

Quarterly Performance Snapshot

Origin’s integrated gas segment posted revenue of $2.43 billion for the March quarter, representing an 11% decline compared to the previous quarter. This was accompanied by a 7% reduction in sales volumes, which came in at 160.5 petajoules. Meanwhile, natural gas sales volumes in the company’s energy markets segment dropped 5% to 40.2 petajoules. On a more positive note, electricity sales showed a slight uptick of 2%, rising to 9.0 terawatt hours.

The decline in revenue from the company’s Australia Pacific LNG (APLNG) project was largely due to lower commodity prices. Additionally, operational output was affected by fewer calendar days in the quarter, subpar field performance, and unexpected disruptions caused by Tropical Cyclone Alfred.

Yearly Comparison and Global Expansion

Despite quarter-on-quarter declines, Origin’s gas volumes in the domestic markets business were up 13% compared to the same period last year. This rise was largely driven by increased business volumes supported by higher trading sales.

On the international front, Origin’s renewable energy subsidiary in the UK, Octopus Energy, experienced continued customer growth. The company reported a net addition of over 674,000 customers during the March quarter, indicating strong momentum in overseas markets.

Looking Ahead in a Competitive Market

While the quarterly results reflect short-term operational hurdles, Origin remains a key player in Australia's evolving energy landscape. For those tracking key performers on the ASX200, Origin’s movements provide valuable insights into the broader energy sector dynamics.

As the company continues to focus on operational efficiency and international growth, Origin’s long-term positioning may attract attention from investors exploring ASX dividend stocks, particularly those looking for exposure to energy transition themes and integrated energy solutions.

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