)
Mercury NZ (MCY) investor relations material
Mercury NZ Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
High national hydrological inflows (98th percentile) led to lower wholesale spot electricity prices, averaging $40/MWh in Auckland for the quarter.
National electricity demand rose 3.1% year-over-year, driven by the resumption of normal operations at the New Zealand Aluminium Smelter.
Commissioning of the new Ngā Tamariki OEC5 geothermal unit began as planned, with expected generation upside and full commissioning by end of Q3.
Customer bundling strategy increased multi-product connections by 10% to 223,000, with telco and mobile connections up by 30,000 year-over-year.
Financial highlights
Hydro generation increased 23% year-over-year to 1,072 GWh, while wind generation rose 6% and geothermal generation fell 9% due to planned maintenance.
Commercial & Industrial yield declined by $3.2/MWh year-over-year, reflecting contract repricing and new long-term agreements.
Physical electricity sales volume was 1,463 GWh at a VWAP of $166.05/MWh, compared to 1,473 GWh at $155.53/MWh in the prior year.
Mass market sales volume was 916 GWh at $195.55/MWh, down from 970 GWh at $174.30/MWh year-over-year.
Gas sales price increased to $42.36/GJ from $31.61/GJ year-over-year, with volumes slightly down.
Outlook and guidance
Forward electricity prices in Auckland for FY26 have eased to $135/MWh, reflecting high inflows and above-average hydro storage.
Ngā Tamariki OEC5 geothermal expansion is expected to add 390 GWh per annum and 46 MW net output upon full commissioning by end of Q3.
Next Mercury NZ earnings date
Next Mercury NZ earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)