Agl Energy Stock News

Australia's AGL Energy said on Friday that it has revised up the low end of its underlying operating earnings guidance due to increased generation.

Australia's AGL Energy said on Thursday it has partnered with energy giant BP for a three-year agreement to offer discounted charging to drivers of electric vehicles in New South Wales, as more compan

AGL Energy Limited (OTCPK:AGLNF) Q2 2023 Earnings Conference Call February 8, 2023 6:45 PM ET Company Participants Damien Nicks - CEO, MD Gary Brown - CFO Markus Brokhof - COO Jo Egan - Chief Customer

Australian utility AGL Energy will accelerate the phase out of coal power after its controlling shareholder, billionaire activist Mike Cannon-Brookes, installed four of his nominees to the company's b

AGL Energy Limited (OTCPK:AGLNF) Q4 2022 Earnings Conference Call August 18, 2022 9:00 PM ET Company Participants Graeme Hunt - CEO and MD Damien Nicks - CFO Jo Egan - Chief Customer Officer Markus Br

AGL Energy, Australia's top power producer, said on Thursday it had learned a unit of Canadian investment manager Brookfield Asset Management acquired about 2.6% of its stake on June 24.

Australia's AGL Energy said on Monday that it would not proceed with the planned demerger of its operations due to mounting opposition from shareholders, led by its top shareholder Mike Cannon-Brookes

AGL Energy Ltd could launch a strategic review as early as Monday as doubts grow over the Australian power producer's plans to split into two companies, the Australian newspaper reported.

Australian tech billionaire Mike Cannon-Brookes' firm Grok Ventures said on Wednesday it settled a 11.28% stake purchase in AGL Energy worth A$650 million ($455.33 million) with J.P. Morgan.

Accel Energy, the coal-dominated generator being formed by AGL Energy, has applied for a retail ­licence to serve big commercial and industrial customers as it edges closer to a shareholder vote on the proposed demerger.

Canadian investment giant Brookfield said the pressure is now on AGL Energy to demonstrate the value it can unlock through its demerger after the power giant rejected its $8.1bn bid and hinted it may now look elsewhere for alternate deals.

Mike Cannon-Brookes tweeted on Sunday that Grok Ventures and Brookfield were ‘putting our pens down’ Follow our Australia news live blog for the latest updates Get our free news app ; get our morning email briefing AGL Energy says it is not sure whether an unsolicited takeover bid by billionaire Mike Cannon-Brookes and Canadian fund manager Brookfield is really over – or if the consortium has just hit the “pause button”. AGL dismissed an increased offer of $8.25 a share made late on Friday. It valued the company at about $8.5bn including debt. Continue reading…

A spike in wholesale electricity prices back to boom-time levels could fatten AGL Energy’s earnings over the next few years even as broader issues linger over the long-term future of its coal plants, analysts say.

Australian power producer AGL Energy said Monday that it rejected a revised $4 billion (A$5.4 billion) takeover offer from Canada''s Brookfield Asset Management and tech billionaire Mike Cannon-Brookes, noting it undervalued the utility.

AGL Energy (AGLNF) says it rejected a revised takeover proposal from a consortium led by Brookfield Asset Management (BAM) and billionaire Mike Cannon-Brookes, believing it continues…