Mercury NZ grows margin 19.00 percent. Mercury NZ stock sits 6.42 percent below its high

Published on 10/17/2026 at 22:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Generation reached 2,526 GWh on October 13, 2026. Mercury NZ stock closed at NZD 6.70 on October 16, 2026, down 0.45 percent versus its prior close.

Trading margin and valuation

Mercury NZ reported NZD 445.00 million in first-quarter trading margin on October 13, 2026.
Generation reached 2,526 GWh in the first quarter, up 26 GWh from the prior comparable period.
Mercury NZ stock closed at NZD 6.70 on October 16, 2026 at 4:59 p.m. NZDT, down 0.45 percent versus its prior close.
Mercury NZ had a market capitalization of NZD 9.6 billion and a P/E ratio of 29.88 as of October 16, 2026.

MCY, NZMRPE0001S2, Illustration mit AI erstellt.

Mercury NZ reported first-quarter fiscal 2027 trading margin of NZD 445.00 million on October 13, 2026, up 19.00 percent from the prior comparable period, according to Yahoo Finance. The latest completed NZX session put Mercury NZ stock at NZD 6.70 on October 16, 2026 at 4:59 p.m. NZDT, down 0.45 percent versus the prior close.

Generation reaches 2,526 GWh

Mercury generated 2,526 GWh in the first quarter, 26 GWh above the prior comparable period. The company said new wind and geothermal generation added 307 GWh, while hydro volumes fell by 332 GWh as hydrological inflows dropped to the second percentile from the 71st percentile in the prior comparable period.

The update also placed the operating result beside a sizeable investment program. Kaiwera Downs Stage 2 added 155 megawatts of installed capacity after a NZD 486.00 million expansion, while growth capital expenditure for fiscal 2027 is expected between NZD 300.00 million and NZD 400.00 million, according to NZX.

Price position on October 16

At NZD 6.70, the stock was NZD 0.46 below its 52-week high of NZD 7.16 and NZD 0.62 above its 52-week low of NZD 6.08. The gap to the high was 6.42 percent. Mercury NZ's price was down 0.45 percent in the completed session, while the latest volume was 208,471 shares against an average of 587,527.

Valuation at NZD 9.6 billion

Mercury NZ had a market capitalization of NZD 9.6 billion and a P/E ratio of 29.88 as of October 16, 2026. The valuation gives the operating update a clear market context: trading margin rose 19.00 percent even as the share price finished below its yearly high.

Comparison with peers

Mercury NZ (NZX, NZD): down 0.45 percent, P/E 29.88, market capitalization NZD 9.6 billion

Contact Energy (NZX, NZD): down 2.16 percent, P/E 20.52, market capitalization NZD 9.3 billion

Genesis Energy (NZX, NZD): down 2.83 percent, P/E 30.65, market capitalization NZD 3.2 billion

Market view after the update

Mercury's latest operating figures point to a stronger generation mix, but the comparison with hydro inflows shows the sensitivity of results to weather conditions. The share price remains closer to its yearly high than its yearly low, while its trading volume was below the recent average.

Mercury NZ was last at NZD 6.70 on October 16, 2026 at 4:59 p.m. NZDT on the NZX, down 0.45 percent versus the prior close.