Morningstar | Origin's Earnings and Financial Health Continue to Recover
Origin Energy controls about one third of the Australian energy retailing market. Its energy markets division largely comprises Australian electricity generation and retailing. Energy retailing is a highly competitive and low-margin business, and the Australian market is mature. But generation is more profitable, given barriers to entry. To drive earnings growth, Origin developed the Australia Pacific Liquefied Natural Gas, or APLNG, project, which started exporting LNG from Queensland in 2016. The project should double group earnings and will significantly expand Origin's upstream presence. The company's diversified and integrated energy exposure provides some level of hedging against energy price fluctuations. Risk is much improved following debt reductions and strengthening earnings.Origin Energy is engaged in the operation of energy businesses including: exploration and production of oil and gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas. Co. supplies energy to wholesale and retail energy markets in Australia and to the Asia Pacific region. Co. also has exploration and production operations in Australia and New Zealand, with exploration and production interests in the Otway, Bass and Cooper Basins in Australia, the Browse and Perth basins in Australia, the Bonaparte basin in north-western Australia, the Beetaloo Basin in the Northern Territory and the Taranaki and Canterbury Basins in New Zealand.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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