ORIGIN ENERGY LIMITED (ORG)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

ORG

ORG - ORIGIN ENERGY LIMITED

FNArena Sector : Infrastructure & Utilities
Year End: June
GICS Industry Group : Utilities
Debt/EBITDA: 2.38
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Origin Energy is an Australian natural gas and exploration company. It was formed in 2000 as a result of a de-merger from Boral. The company has a large exploration portfolio in Australia and is a major shareholder in the Australia Pacific LNG joint venture.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$11.97

26 Feb
2026

-0.110

OPEN

$12.30

-0.91%

HIGH

$12.33

5,896,883

LOW

$11.95

TARGET
$12.026 0.5% upside
Franking for last dividend paid out: 80%
OTHER COMPANIES IN THE SAME SECTOR
AGL . AIA . ALX . APA . CEN . DBI . DBI . GNE . GNP . MEZ . SRJ . TCL .
FNARENA'S MARKET CONSENSUS FORECASTS
ORG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 86.2 70.8 xxx
DPS (cps) xxx 60.0 60.0 xxx
EPS Growth xxx 6.3% - 17.9% xxx
DPS Growth xxx - 91.2% - 0.0% xxx
PE Ratio xxx N/A 17.2 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 69.6% 84.8% xxx

Dividend yield today if purchased 3 years ago: 7.49%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.94

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 03/09 - ex-div 30.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx86.2
DPS All xxxxxxxxxxxxxxx60.0
Sales/Revenue xxxxxxxxxxxxxxx17,118.0 M
Book Value Per Share xxxxxxxxxxxxxxx578.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,054.0 M
Net Profit Margin xxxxxxxxxxxxxxx8.65 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx15.26 %
Return on Invested Capital xxxxxxxxxxxxxxx10.78 %
Return on Assets xxxxxxxxxxxxxxx7.15 %
Return on Equity xxxxxxxxxxxxxxx15.26 %
Return on Total Capital xxxxxxxxxxxxxxx11.13 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-1,338.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx76 M
Long Term Debt xxxxxxxxxxxxxxx4,766 M
Total Debt xxxxxxxxxxxxxxx4,842 M
Goodwill - Gross xxxxxxxxxxxxxxx2,106 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,015 M
Price To Book Value xxxxxxxxxxxxxxx1.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,473.0 M
Capex % of Sales xxxxxxxxxxxxxxx8.60 %
Cost of Goods Sold xxxxxxxxxxxxxxx14,916 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx665 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx7,986 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

13/02/2026

1

Buy

$13.00

8.60%

Citi highlights Origin Energy’s "strong" 1HFY26 result and upgraded Energy Markets guidance, reinforcing confidence in FY26.

Electricity gross profit of $47/MWh exceeds the $25–40/MWh through-cycle range, supporting the analyst's view that guidance is conservative.

The broker expects portfolio optimisation and -$100-150m of FY26 cost reductions to help offset softer FY27 electricity tariffs.

Lower wholesale prices and Default Market Offer (DMO) reform may pressure retail margins, though it's thought fixed costs and flexibility assets will help offset.

Note: DMO is the regulated reference electricity price set annually by the Australian Energy Regulator for customers on standing retail contracts in NSW, southeast Queensland and South Australia.

Buy rating and $13 target unchanged.

FORECAST
Citi forecasts a full year FY26 dividend of 57.90 cents and EPS of 69.50 cents.
Citi forecasts a full year FY27 dividend of 67.30 cents and EPS of 68.90 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

17/02/2026

2

Upgrade to Overweight from Neutral

$12.00

0.25%

Origin Energy has upgraded FY26 energy markets EBITDA guidance by 6.5%. Jarden notes the highlight of the interim result was strong electricity gross profit which beat estimates.

The broker suspects the market was concerned the low volatility during the half could translate into lower earnings but a combination of higher customer tariffs, lower net pool costs, lower green scheme costs and lower solar FiT drove a beat to expectations.

Jarden increases FY26 energy markets EBITDA estimates by 5.8%.

The company has acknowledged lower wholesale electricity prices will negatively affect electricity earnings in FY27, but the broker expects this will be more than offset by lower coal costs and increased battery earnings.

Rating is upgraded to Overweight from Neutral. Target rises to $12.00 from $11.65.

FORECAST
Jarden forecasts a full year FY26 dividend of 60.00 cents and EPS of 86.90 cents.
Jarden forecasts a full year FY27 dividend of 60.00 cents and EPS of 59.20 cents.
Access Extra Coverage Research History >

ORG STOCK CHART

FNArena News on ORG

1
Australian Broker Call *Extra* Edition – Feb 24, 2026

Feb 24 2026 - Daily Market Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 20-02-26

Feb 20 2026 - Weekly Reports
3
Rudi’s View: Is Higher Volatility Now A Permanent Feature?

Feb 18 2026 - Rudi's View
4
Australian Broker Call *Extra* Edition – Feb 17, 2026

Feb 17 2026 - Daily Market Reports
5
FNArena Corporate Results Monitor – 13-02-2026

Feb 13 2026 - Australia

Latest Infrastructure & Utilities News

1
Platinum Add-On Bolsters IPD Group’s Outlook

Jan 21 2026 - Small Caps
2
$2.3bn Battery Subsidy Reshaping Australia’s Energy Stocks

Oct 16 2025 - ESG Focus
3
Unique, Predictable And Stable Dalrymple Bay

Oct 16 2025 - Australia
4
Infra-aaS: The New Frontier In ASX Infrastructure Investing

Oct 08 2025 - Australia
5
OpenAI: Tech Boom, Bubble & Disruption

Sep 18 2025 - International
6
Can Origin Energy Release The Kraken?

Sep 15 2025 - Australia
7
AGL: Short Term Pain, Long Term Gain

Aug 15 2025 - Australia
8
ESG Focus: Infragreen & The Era of Opportunity

Jul 14 2025 - ESG Focus
9
SRG Global: Building Australia

Jul 10 2025 - Small Caps
10
SRG Global: Continued Re-Rating Ahead

May 16 2025 - Small Caps