AGL (NYSE: AGL) Posts Lower H1 Earnings, Revises FY26 Outlook, Announces Cost-Cuts; Shares Up

AGL Energy (NYSE: AGL) reported first-half 2025 net income of $112 million, a 23% decline from $147 million in the same period 2024, citing lower gas prices and higher liquefied natural gas (LNG) costs. The company revised its full-year 2026 guidance to $1.10–$1.15 billion, down from $1.20–$1.30 billion previously, citing supply chain and operational constraints. AGL announced a $100 million cost-cut program through 2026 to offset lower margins. The stock closed 2.3% higher on the news of the program and revised guidance. Supporting figures: H1 2025 net income $112M vs. $147M H1 2024; guidance now $1.10–$1.15B vs. prior $1.20–$1.30B.