Latest Meridian Energy (NZX:MEL) News

Artificial intelligence stocks led the week, while miners and established companies delivered a broad run of stronger profits and dividends.
Large price gaps also showed that good company news did not always produce lasting buying.

Small-cap resources led the week, with Discovery Alaska rising 90% as it bought a Western Australian gold project. Gold, copper and critical minerals companies also drew strong buying. Large energy names posted solid results, but several shares fell as investors weighed capital needs, project delays and weaker forward guidance.

Meridian Energy (NZX:MEL) reported a strong turnaround in FY26 with a $130 million net profit after tax, driven by improved hydro and wind generation, retail growth, and strategic investments in renewable projects and grid flexibility.

Meridian Energy's June 2026 report reveals record-high hydro inflows and storage, robust generation growth, and rising retail sales, offset by sharply lower wholesale prices and rising costs.

Meridian Energy has received final approval to ease access restrictions on Lake Pūkaki hydro storage for three years, reducing dry-year risk and enhancing supply security through to Winter 2028.

Meridian Energy secures long-term operational certainty for its flagship Waitaki Power Scheme, maintaining generation capacity and storage with a focus on biodiversity enhancements.

Meridian Energy's May 2026 report reveals robust hydro storage reaching 125% of historical average by early June, despite a record dry month. Retail sales volumes jumped 7.8% year-on-year, while average generation prices plunged over 60%.

Meridian Energy has secured a draft decision allowing greater access to Lake Pūkaki’s hydro storage contingent reserves, with plans to moderate usage amid supply risk concerns.

Meridian Energy's April 2026 operating report highlights robust hydro inflows and retail sales growth while electricity futures prices continue to decline.

Meridian Energy's March 2026 report reveals robust retail sales growth and healthy hydro storage despite falling electricity futures prices, prompting a downward revision of FY26 capital expenditure guidance.