Origin's APLNG revenue down 17% in Apr-Jun
Australia’s Origin Energy July 30 said revenue from its stake in Australia Pacific LNG (APLNG) for the three months ending June 30 (Q4) dropped 17% year/year due to lower realised commodity prices. The revenue was up 18.7% quarter/quarter, however.
The company's revenue in Q4 was A$507.6mn ($375.62mn) compared with A$610.2mn in the same period last year. Origin’s share of production was 64.7 petajoules, unchanged yr/yr but down 1% q/q, it said. APLNG’s realised average LNG price was down 18% yr/yr but up 12% q/q. Average domestic gas price was up 6% yr/yr and 29% q/q.