AGL Energy narrows FY26 earnings guidance on softer market outlook

The news: AGL Energy has narrowed its FY26 underlying earnings before interest and tax to between $2.06 billion and $2.18 billion, slightly below previous estimate of $2.02 billion and $2.18 billion.

However, underlying net profit after tax guidance was increased from a range of $580 million- $680 million to $610 million-$680 million.

The context: The company said the updated guidance reflects a full-year contribution from the Liddell battery as well as an anticipation of softer market conditions for FY27.

AGL said it is well placed for the coming three months regarding fuel stability and expects an ongoing supply for its diesel storage.