AGL Energy has narrowed its 2026 guidance after the results of its latest earnings report for the first half of this year.
The H1-26 report saw a drastic fall in statutory profit, down to $94 million, a drop of 42%.
Earnings per share came out ahead of estimates of $0.44, landing at $0.53.
Revenue was posted at $7.04 billion, ahead of estimates of $6.92.
The power producer also tightened its guidance for the year, narrowing its expected underlying EBITDA from a range of $1.92-$2.22 billion to $2.02-$2.18 billion, and its underlying net profit guidance from $500-$700 million to $580-$680 million.
AGL also announced today it had struck a $115 mil deal with Aussie Broadband, with the internet giant acquiring AGL's telco portion of the business.
AGL will continue to promote services under their brand name, but Aussie Broadband will supply the services and customer experience.
Shares in AGL jumped by 11.8% after, to the highest point since December, and Aussie Broadband also enjoyed a boost, up to 14.8%.
AGL Energy (AGL: ASX) closed higher on Wednesday, up 11.8% at $9.89.
