Contact's earnings report on Monday could be lightning rod for criticism

Contact will be hoping to get more geothermal energy up quickly. (Image: Contact)

Fri, 16 Aug 2024

Contact Energy will be the first major electricity company to report its full-year earnings on Monday as the sector copes with a fuel shortage and record high sustained wholesale energy prices.Its bottom-line profit will be a lightning rod for criticism as the sector faces political, regulatory, and public scrutiny over its operations.Jarden forecasts it will report earnings (ebitda) of $668 million, with a dividend estimate of 37c. Shareholders and the company will be aware of the dangers of regulatory intervention. Still, they will also...

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