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BRIEF-Origin Energy Updates On FY2018 Guidance

Published 28/11/2017, 10:00 am
© Reuters.  BRIEF-Origin Energy Updates On FY2018 Guidance
ORG
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Nov 28 (Reuters) - Origin Energy Ltd ORG.AX :

* TARGETING OVER A$500 MILLION PER ANNUM APLNG COST REDUCTION OVER 18 MONTHS

* ON TRACK FOR ADJUSTED NET DEBT BELOW $7 BILLION BY JUNE 2018

* REAFFIRMES FY2018 GUIDANCE

* REAFFIRMES FY2018 ORIGIN'S SHARE OF APLNG PRODUCTION EXPECTED TO BE 245 PJ - 265 PJ

* FY2018 ERARING OUTPUT EXPECTED TO BE 15.5 - 16 TWH, HIGHER THAN PREVIOUS GUIDANCE

* REAFFIRMES ENERGY MARKETS FY2018 EBITDA IS EXPECTED TO BE IN THE RANGE OF $1.7 BILLION - $1.8 BILLION

* FY 18 CAPITAL EXPENDITURE (EXCLUDING LATTICE ENERGY) IS EXPECTED TO BE $360 MILLION - $420 MILLION

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