Meridian Energy (ASX: MEZ) is an Australian-listed company in the Utilities sector with a market capitalisation of $12.69B and the 59th-largest security on the ASX by market capitalisation. The MEZ share price is $4.81, up 1.26% today and down 7.84% over the past 12 months. Shares have traded between $4.37 and $5.54 over the past 52 weeks. MEZ trades on a price-to-earnings ratio of 16.22, above the Utilities sector median of 11.06, and pays a trailing dividend yield of 1.77%. In its most recent reported period (ending 31 Dec 2025), Meridian Energy reported revenue of $1.99B and a net profit of $227.0M (11.4% margin).
About Meridian Energy Limited
Meridian Energy Limited, established in 1998 and headquartered in Wellington, New Zealand, initially operated as Hydro Energy Limited before its renaming in March 1999. The company's core business involves the production, wholesale trading, and retail distribution of electricity. It caters to a diverse customer base, including residential consumers, commercial enterprises, and industrial clients across New Zealand, Australia, and the United Kingdom. As of June 30, 2022, Meridian Energy boasted a substantial renewable energy generation portfolio. This comprised seven hydroelectric facilities with a combined output capacity of 2,353 megawatts, five wind farms capable of generating 416 megawatts, and several solar power installations. Beyond its primary energy activities, the company offers a range of additional services, such as management, insurance, financial, professional, and trustee support, alongside software development. It also licenses its internally developed Flux platform for electricity and gas retail operations and provides solar panel installation services. Meridian Energy markets its electricity offerings under two distinct brand identities: Meridian Energy and Powershop.
