AGL Energy Ltd
AGL: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$88.00 | Zybtk | Cwtw |
AGL Earnings: Strong Performance Slightly Beats Our Expectations
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.