close
MENU
Investment
1 mins to read

Forbar lifts Meridian profit guide on 'unusual' hedging gains

Wholesale price outlook rising on concern over winter peak capacity, say analysts.

Meridian said water storage in its Waitaki catchment was 129% of historical average at the end of December.

NBR Staff Tue, 17 Jan 2023

Broking firm Forsyth Barr has upgraded its estimate of half-year profits at Meridian after the energy generator and retailer indicated further unusually high returns from its futures contracts in the December quarter.

In a research note published today, analysts Andrew Harvey-Green and Mark

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
NBR Staff Tue, 17 Jan 2023
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Forbar lifts Meridian profit guide on 'unusual' hedging gains
Investment,
97289
true