Origin Energy Limited (ASX: ORG) saw its stock decline by 4.47% to $10.70 as it weighed on the utilities sector, slipping 1.1% in early trading. The drop followed the company’s decision to lower its production forecast for Australia-Pacific LNG in FY25.
Investors reacted to the revised outlook, which signals potential challenges ahead for Origin’s energy output and earnings. The adjustment comes amid broader market uncertainties impacting the utilities sector. While Origin remains a key player in the energy landscape, the production downgrade has raised concerns about its future performance.
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