Agl energy limited private company information – bloomberg tgas advisors

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AGL Energy Limited, an integrated energy company, provides electricity, gas, and related products and services to consumer, business, and wholesale customers in Australia. The company conducts its operations through Energy Markets, Group Operations, and Investments segments. It generates electricity through thermal, natural gas and storage, hydro, and wind power generation plants. The company operates electricity generation portfolio of 10,246 megawatts. It also operates the Newcastle Gas Storage Facility in New South Wales; the Silver Springs underground gas storage facility in Queensland; and natural gas production assets at Camden in New South Wales. As of September 11, 2017, it served ap…

AGL Energy Limited, an integrated energy company, provides electricity, gas, and related products and services to consumer, business, and wholesale customers in Australia. The company conducts its operations through Energy Markets, Group Operations, and Investments segments. It generates electricity through thermal, natural gas and storage, hydro, and wind power generation plants. The company operates electricity generation portfolio of 10,246 megawatts. It also operates the Newcastle Gas Storage Facility in New South Wales; the Silver Springs underground gas storage facility in Queensland; and natural gas production assets at Camden in New South Wales. As of September 11, 2017, it served approximately 3.6 million customer accounts. AGL Energy Limited was founded in 1837 and is based in Sydney, Australia.

Alinta Energy Holdings Pty Ltd has confirmed that it is interested in buying Liddell coal-fired power station immediately. AGL Energy Limited (ASX:AGL) said it will consider a formal offer when it is made but cast doubt on the plan by noting it needs power up until 2022 then plans to repurpose its components. Alinta’s Chief Executive Officer, Jeff Dimery, has suggested this objection could be overcome by offering to sell power back to AGL until that date. Jeff Dimery said his company had “been approached about our interest in buying and running for five to seven years past AGL’s current closure date of 2022”. “We are open to that proposal; it fits with our strong desire to maintain reliability and affordability for customers as we transition to a lower-emissions energy sector,” Jeff Dimery said. “AGL received an approach from Alinta last night expressing an interest in entering negotiations to acquire the Liddell power station. No formal offer has been received. Should a formal offer for Liddell be received, it would be given consideration in order to meet our obligations to customers and shareholders.” Dimery said Alinta would make a nonbinding bid by April 2018, followed by a period of exclusivity for due diligence and would like to take possession of Liddell by September 2018 if AGL agrees to sell it.

AGL Energy Limited announced consolidated earnings results for the half year ended December 31, 2017. For the period, the company reported revenue of AUD 6,450 million against AUD 6,030 million a year ago. Profit before net financing costs was AUD 997 million compared to AUD 592 million a year ago. Profit before tax was AUD 883 million against AUD 478 million a year ago. Profit attributable to owners of the company was AUD 622 million against AUD 325 million a year ago. Earnings per diluted share were 94.7 cents against 48.2 cents a year ago. Net cash provided by operating activities was AUD 796 million against AUD 471 million a year ago. Payments for property, plant and equipment was AUD 318 million against AUD 230 million a year ago. Underlying EBITDA was AUD 1,084 million as compared to AUD 924 million a year ago. Underlying EBIT was AUD 819 million as compared to AUD 685 million a year ago. Return on equity was 11.7%, an improvement from 8.9% for the 12 months ended 31 December 2016. Underlying profit after tax attributable to shareholders was AUD 493 million against AUD 389 million a year ago. Statutory EBIT was AUD 997 million against AUD 592 million a year ago. Total capital expenditure was AUD 327 million compared to AUD 228 million a year ago. Sustaining capital expenditure was AUD 205 million against AUD 135 million in 2016. Underlying operating cash flow before interest & tax of AUD 993 million was up AUD 294 million compared with the prior corresponding period.

The company reaffirmed earnings guidance for the full year of 2018. The company is on track to deliver a full-year underlying profit of close to AUD 1 billion after posting a very strong first-half result. The company expects to report full-year underlying profit to between AUD 940 million and AUD 1.04 billion.