Origin Energy stock outlines a 1.2 GW gas project

Published on 10/08/2026 at 07:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Origin Energy stock was trading at AUD 11.15 on October 8, 2026, as a 1.2 GW gas project added a new strategic angle. FY2026 revenue fell 9.6 percent.

Origin, AU000000ORG5, Illustration mit AI erstellt.

Origin Energy stock (ISIN AU000000ORG5) was trading at AUD 11.15 on the ASX on October 8, 2026, up 1.32 percent on the session. The company is also outlining a 1.2 GW gas-fired power project in New South Wales, adding firm generation to its transition strategy.

Kerrawary adds 1.2 GW capacity

As Renew Economy reported on October 8, 2026, Origin is considering the Kerrawary gas-fired generator north of Goulburn. The project would require a 35 km gas pipeline and could operate with a capacity of 1.2 GW, subject to approvals.

The project is planned for construction in 2029 and operation in 2033. It would also include a 10 million liter diesel storage facility, making the proposal a firm-power option alongside Origin's battery and renewable projects.

Revenue fell while profit rose

Origin's latest fiscal-year figures show a mixed operating picture. According to Simply Wall St, FY2026 revenue fell 9.6 percent to AUD 15.6 billion, while net income increased 6.3 percent to AUD 1.57 billion. Earnings per share rose to AUD 0.92 from AUD 0.86 in FY2025.

Origin's FY2026 results were released on August 13, 2026, according to Origin Energy. The contrast between lower revenue and higher profit puts cost control and project execution at the center of the investment case.

Consensus target stays above price

According to Simply Wall St, the consensus price target is AUD 12.06 from 11 analysts. The high target is AUD 13.25 and the low target is AUD 10.30, placing the average 8.16 percent above the AUD 11.15 share price.

The market capitalization was AUD 19.2 billion on October 8, 2026, while the 52-week range stood at AUD 10.02 to AUD 12.84. The current price is 13.16 percent below the 52-week high, leaving the project pipeline and earnings quality as the main variables for shareholders.

Origin Energy stock faces two dates

Origin Energy's annual general meeting is scheduled for October 14, 2026, followed by its quarterly report on October 30, 2026, according to the company's investor calendar. Those dates provide the next checkpoints for capital allocation, generation plans and operating performance.