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AGL Energy Ltd AGL Stock Quote

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Morningstar‘s Stock Analysis AGL

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Economic Moat


Capital Allocation


AGL Energy's Earnings to Recover Strongly From 2024

Adrian Atkins Senior Equity Analyst

Business Strategy and Outlook

| Adrian Atkins |

AGL Energy is one of Australia's largest integrated energy companies. We believe it has a narrow economic moat, underpinned by its low-cost generation fleet, concentrated markets, and cost-advantages from vertical integration. Earnings are dominated by energy generation (wholesale markets), with energy retailing about half the size. Strategy is heavily influenced by government energy policy, such as the renewable energy target.

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Key Statistics AGL

Company Profile AGL

Business Description

AGL Energy is one of Australia's largest retailers of electricity and gas. It services 4 million retail electricity and gas accounts in the eastern and southern Australian states, or about one third of the market. Profit is dominated by energy generation, underpinned by its low-cost coal-fired generation fleet. Founded in 1837, it is the oldest company on the ASX. Generation capacity comprises a portfolio of peaking, intermediate, and base-load electricity generation plants, with a combined capacity of 10,500 megawatts.

200 George Street, Level 24
Sydney, NSW, 2000, Australia
T +61 299212999
Industry Utilities - Independent Power Producers
Most Recent Earnings
Fiscal Year End Jun 30, 2023
Employees 3,358