Meridian Energy (MEL.NZ) Stock Price

Meridian Energy Price

NZX·CLOSED
5.55NZD+0.00 (+0.00 %)
Market closed

Over the last 16 years Meridian Energy grew revenue by 6.0% annually, reaching 4.84 B NZD. Earnings per share have grown at 7.5% per year over the last 15 years. For Meridian Energy, the net margin of -9.3% is down versus 10.8% a few years ago. At today's price the dividend yield works out to roughly 7.04%. The dividend has grown at 9.2% per year over the past 11 years. The consensus 12-month price target for Meridian Energy is 6.49 NZD, about 16.9% above where the stock trades today. Of 9 analysts, 6 rate the stock a buy — an overall Buy consensus. The stock trades about 5% above its 52-week low.

Meridian Energy stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Meridian Energy over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Meridian Energy stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Meridian Energy's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Meridian Energy Stock Price History
DateMeridian Energy Price
8/20/20265.55 NZD
8/19/20265.65 NZD
8/18/20265.60 NZD
8/17/20265.57 NZD
8/14/20265.55 NZD
8/13/20265.52 NZD
8/12/20265.53 NZD
8/11/20265.57 NZD
8/10/20265.63 NZD
8/7/20265.61 NZD
8/6/20265.62 NZD
8/5/20265.71 NZD
8/4/20265.77 NZD
8/3/20265.64 NZD
7/31/20265.75 NZD
7/30/20265.70 NZD
7/29/20265.76 NZD
7/28/20265.84 NZD
7/27/20265.78 NZD
7/24/20265.73 NZD
7/23/20265.77 NZD
7/22/20265.67 NZD
7/21/20265.63 NZD
7/20/20265.62 NZD
7/17/20265.62 NZD
7/16/20265.54 NZD
7/15/20265.60 NZD
7/14/20265.58 NZD
7/13/20265.68 NZD
7/9/20265.67 NZD
7/8/20265.67 NZD
7/7/20265.67 NZD
7/6/20265.70 NZD
7/3/20265.65 NZD
7/2/20265.72 NZD
7/1/20265.70 NZD
6/30/20265.82 NZD
6/29/20265.74 NZD
6/26/20265.75 NZD
6/25/20265.82 NZD
6/24/20265.85 NZD
6/23/20266.00 NZD
6/22/20265.90 NZD
6/19/20266.03 NZD
6/18/20265.72 NZD
6/17/20265.82 NZD
6/16/20265.98 NZD
6/15/20265.80 NZD
6/12/20265.95 NZD
6/11/20265.90 NZD
6/10/20265.88 NZD
6/9/20265.80 NZD
6/8/20265.77 NZD
6/5/20265.91 NZD
6/4/20265.91 NZD
6/3/20265.79 NZD
6/2/20265.89 NZD
5/29/20265.87 NZD
5/28/20265.84 NZD
5/27/20265.89 NZD
5/26/20265.90 NZD
5/25/20265.87 NZD
5/22/20265.90 NZD
5/21/20265.91 NZD
5/20/20265.79 NZD
5/19/20265.90 NZD
5/18/20265.88 NZD
5/15/20265.85 NZD
5/14/20265.91 NZD
5/13/20265.82 NZD
5/12/20265.80 NZD
5/11/20265.85 NZD
5/8/20265.76 NZD
5/7/20265.95 NZD
5/6/20265.91 NZD
5/5/20265.80 NZD
5/4/20265.80 NZD
5/1/20265.72 NZD
4/30/20265.68 NZD
4/29/20265.55 NZD
4/28/20265.53 NZD
4/24/20265.59 NZD
4/23/20265.62 NZD
4/22/20265.69 NZD
4/21/20265.59 NZD
4/20/20265.65 NZD
4/17/20265.54 NZD
4/16/20265.71 NZD
4/15/20265.65 NZD
4/14/20265.51 NZD
4/13/20265.57 NZD
4/10/20265.52 NZD
4/9/20265.56 NZD
4/8/20265.56 NZD
4/7/20265.56 NZD
4/2/20265.45 NZD
3/27/20265.47 NZD
3/26/20265.50 NZD
3/25/20265.42 NZD
3/24/20265.38 NZD
3/23/20265.42 NZD
3/20/20265.49 NZD
3/19/20265.52 NZD
3/18/20265.63 NZD
3/17/20265.47 NZD
3/16/20265.38 NZD
3/13/20265.30 NZD
3/12/20265.34 NZD
3/11/20265.48 NZD
3/9/20265.47 NZD
3/6/20265.64 NZD
3/5/20265.67 NZD
2/27/20265.58 NZD
2/25/20265.56 NZD
2/23/20265.61 NZD
2/20/20265.61 NZD
2/19/20265.76 NZD
2/18/20265.61 NZD
2/17/20265.60 NZD
2/16/20265.58 NZD
2/13/20265.81 NZD
2/12/20265.74 NZD
2/11/20265.72 NZD
2/9/20265.75 NZD
2/5/20265.67 NZD
2/4/20265.62 NZD
2/3/20265.69 NZD
1/30/20265.66 NZD
1/29/20265.69 NZD
1/28/20265.68 NZD
1/27/20265.59 NZD
1/23/20265.70 NZD
1/22/20265.69 NZD
1/21/20265.61 NZD
1/20/20265.58 NZD
1/16/20265.56 NZD
1/15/20265.64 NZD
1/14/20265.64 NZD
1/13/20265.58 NZD
1/9/20265.66 NZD
1/8/20265.67 NZD
1/6/20265.54 NZD
12/31/20255.60 NZD
12/30/20255.55 NZD
12/29/20255.51 NZD
12/24/20255.55 NZD
12/23/20255.65 NZD
12/19/20255.53 NZD
12/18/20255.46 NZD
12/16/20255.60 NZD
12/15/20255.46 NZD
12/12/20255.46 NZD
12/11/20255.44 NZD
12/10/20255.50 NZD
12/9/20255.60 NZD
12/8/20255.59 NZD
12/5/20255.58 NZD
12/4/20255.61 NZD
12/3/20255.72 NZD
12/2/20255.63 NZD
12/1/20255.58 NZD
11/28/20255.63 NZD
11/27/20255.67 NZD
11/26/20255.78 NZD
11/25/20255.79 NZD
11/24/20255.75 NZD
11/21/20255.69 NZD
11/20/20255.75 NZD
11/19/20255.80 NZD
11/18/20255.80 NZD
11/17/20255.84 NZD
11/14/20255.83 NZD
11/13/20255.88 NZD
11/12/20255.92 NZD
11/11/20255.91 NZD
11/10/20255.80 NZD
11/7/20255.82 NZD
11/6/20255.75 NZD
11/5/20255.87 NZD
11/4/20256.01 NZD
11/3/20255.94 NZD
10/31/20255.89 NZD
10/30/20255.95 NZD
10/29/20255.85 NZD
10/24/20255.93 NZD
10/23/20255.89 NZD
10/22/20255.80 NZD
10/21/20255.80 NZD
10/17/20255.80 NZD
10/15/20255.94 NZD
10/14/20255.98 NZD
10/10/20255.95 NZD
10/9/20255.99 NZD
10/8/20255.82 NZD
10/7/20255.79 NZD
10/3/20255.91 NZD
10/2/20255.82 NZD
9/30/20255.57 NZD
9/29/20255.64 NZD
9/26/20255.75 NZD
9/25/20255.74 NZD
9/24/20255.76 NZD
9/23/20255.68 NZD
9/22/20255.69 NZD
9/19/20255.68 NZD
9/18/20255.66 NZD
9/17/20255.69 NZD
9/16/20255.59 NZD
9/12/20255.70 NZD
9/11/20255.71 NZD
9/10/20255.75 NZD
9/9/20255.75 NZD
9/8/20255.87 NZD
9/5/20255.75 NZD
9/4/20255.72 NZD
9/3/20255.90 NZD
9/2/20255.86 NZD
9/1/20255.85 NZD
8/29/20255.71 NZD
8/28/20255.60 NZD
8/27/20255.42 NZD
8/26/20255.45 NZD
8/25/20255.65 NZD
8/22/20255.69 NZD
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Meridian Energy Revenue, EBIT, Net Income

  • 3 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2022
3.78 B NZD
295.00 M NZD
664.00 M NZD
Jan 1, 2023
3.22 B NZD
531.00 M NZD
95.00 M NZD
Jan 1, 2024
4.86 B NZD
420.00 M NZD
429.00 M NZD
Jan 1, 2025
4.84 B NZD
752.00 M NZD
-452.00 M NZD
Jan 1, 2026 (e)
3.68 B NZD
318.05 M NZD
637.73 M NZD
Jan 1, 2027 (e)
4.38 B NZD
378.08 M NZD
675.60 M NZD
Jan 1, 2028 (e)
4.68 B NZD
403.99 M NZD
732.06 M NZD
Jan 1, 2029 (e)
4.47 B NZD
385.81 M NZD
494.79 M NZD

Meridian Energy Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 21, 2026, 10:57 AM
 
REVENUEB NZD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB NZD
EBITM NZD
EBIT MARGIN%
NET INCOMEM NZD
NET INCOME GROWTH%
DIV.NZD
DIV. GROWTH%
SHARESB
2014201520162017201820192020202120222023202420252026e2027e2028e2029e
2.512.402.382.322.763.493.413.963.783.224.864.843.684.384.684.47
-7.45-4.22-1.17-2.3219.0526.39-2.4616.39-4.72-14.6750.71-0.43-23.8318.876.85-4.51
32.7634.5436.5537.6332.3731.1432.6622.7121.3533.4321.4029.3729.3729.3729.3729.37
0.820.830.870.870.891.091.110.900.811.081.041.421.081.291.371.31
356.00378.00399.00317.00375.00620.00429.00578.00295.00531.00420.00752.00318.00378.00403.00385.00
14.1915.7316.8013.6613.5817.7612.6014.587.8116.488.6515.558.638.638.618.62
230.00247.00185.00200.00201.00339.00176.00428.00664.0095.00429.00-452.00637.00675.00732.00494.00
-22.037.39-25.108.110.5068.66-48.08143.1855.14-85.69351.58-205.36-240.935.978.44-32.51
0.110.110.180.190.020.020.090.030.250.250.540.390.270.330.39–
––63.645.56-89.47–350.00-66.67733.33–116.00-27.78-30.7722.2218.18–
2.562.562.562.562.562.562.562.562.572.582.592.602.602.602.602.60
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Meridian Energy generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Meridian Energy retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Meridian Energy's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Meridian Energy has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Meridian Energy's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Meridian Energy stock margins

The Meridian Energy margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Meridian Energy. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Meridian Energy.

  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
22.71 %
14.58 %
10.80 %
Jan 1, 2022
21.35 %
7.81 %
17.58 %
Jan 1, 2023
33.43 %
16.48 %
2.95 %
Jan 1, 2024
21.40 %
8.65 %
8.83 %
Jan 1, 2025
29.37 %
15.55 %
-9.35 %
Jan 1, 2026 (e)
29.37 %
8.63 %
17.31 %
Jan 1, 2027 (e)
29.37 %
8.63 %
15.43 %
Jan 1, 2028 (e)
29.37 %
8.63 %
15.65 %

Meridian Energy Stock Revenue, EBIT, Earnings per Share

The Meridian Energy earnings per share therefore indicates how much revenue Meridian Energy has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
1.55 NZD
0.23 NZD
0.17 NZD
Jan 1, 2022
1.47 NZD
0.11 NZD
0.26 NZD
Jan 1, 2023
1.25 NZD
0.21 NZD
0.04 NZD
Jan 1, 2024
1.88 NZD
0.16 NZD
0.17 NZD
Jan 1, 2025
1.86 NZD
0.29 NZD
-0.17 NZD
Jan 1, 2026 (e)
1.41 NZD
0.12 NZD
0.24 NZD
Jan 1, 2027 (e)
1.68 NZD
0.15 NZD
0.26 NZD
Jan 1, 2028 (e)
1.80 NZD
0.16 NZD
0.28 NZD

Meridian Energy business model & stock analysis

Meridian Energy Ltd is a New Zealand energy supply company that offers clean, renewable energy products and services. The company's history began in the 1990s when the New Zealand government decided to deregulate the energy market and promote competition. As one of the first companies, Meridian Energy Ltd was granted a license for power generation and supply. Since then, Meridian Energy Ltd has grown to become one of the largest energy suppliers in New Zealand and is now listed on the New Zealand stock exchange. The company operates several hydroelectric power plants and wind farms throughout New Zealand and provides clean energy to residential and business customers across the country. Meridian Energy Ltd's business model is based on the production and sale of clean energy from renewable resources. The company aims to generate the majority of its electricity from renewable sources such as hydro, wind, and solar power. This clean energy is then sold to customers nationwide who wish to reduce their dependence on fossil fuels. Meridian Energy Ltd is divided into several divisions to provide products and services for different customer segments and purposes. The "Electricity and Gas" division offers residential and business customers access to secure and reliable electricity and gas supply. "Meridian Solar" specializes in the development and sale of solar systems for households and small businesses. "Meridian Australia" provides clean energy products and services in Australia. Meridian Energy Ltd also offers a range of products and services tailored to the needs of different customer segments. For example, the company offers "Time of Use" tariffs that allow customers to use electricity at different rates during different times of the day. "Meridian EV" provides charging options for electric vehicles, which are becoming increasingly important. Overall, Meridian Energy Ltd has had a significant impact on the energy industry in New Zealand and Australia and has made a significant contribution to the development of renewable energy sources. The company aims to deliver clean energy to its customers with low environmental impact and affordable rates to create a sustainable future.

Meridian Energy SWOT Analysis

Strengths

Meridian Energy Ltd possesses several strengths that contribute to its success in the market. Firstly, the company's strong focus on renewable energy sources, such as wind, hydro, and solar, positions it favorably in the era of increasing environmental consciousness. This commitment to sustainable practices allows Meridian Energy Ltd to differentiate itself from competitors and attract environmentally conscious customers. Additionally, the company benefits from a diverse portfolio of energy-generating assets, ensuring a consistent and reliable supply of electricity to customers. The robust infrastructure and extensive network enables Meridian Energy Ltd to serve both residential and commercial clients efficiently.

Weaknesses

Despite its strengths, Meridian Energy Ltd faces certain weaknesses that it needs to address to maintain its competitive edge. One of the main challenges is dependence on weather conditions for renewable energy generation. Fluctuations in weather patterns, such as low wind or reduced rainfall, can significantly impact electricity generation, leading to potential supply shortages. Moreover, as a publicly traded company, Meridian Energy Ltd may be vulnerable to fluctuations in the stock market and investor sentiment, which can impact its financial stability and long-term growth prospects.

Opportunities

Meridian Energy Ltd has opportunities to expand and diversify its operations in the renewable energy sector. With the growing global focus on reducing carbon emissions and achieving sustainable development goals, the demand for renewable energy sources is expected to increase. The company can capitalize on this trend by investing in research and development of new technologies in clean energy, such as battery storage solutions or advanced solar panels. Additionally, strategic partnerships with other renewable energy companies or government entities can open doors to new markets and enhance Meridian Energy Ltd's market position.

Threats

Meridian Energy Ltd faces potential threats that could impact its operations and profitability. One of the primary threats is the volatility of energy prices. Fluctuations in wholesale electricity prices due to market forces, regulatory changes, or geopolitical events can affect the company's revenue and profit margins. Additionally, increased competition from other energy providers, both in the renewable and conventional energy sectors, poses a threat to Meridian Energy Ltd's market share. It is essential for the company to continuously innovate and adapt to changing market dynamics to mitigate these threats effectively.

Meridian Energy Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Meridian Energy historical P/E ratio, EBIT multiple, and P/S ratio

Meridian Energy annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Meridian Energy shares outstanding

The number of shares of Meridian Energy was 2.6 B in 2025. This indicates how many shares Meridian Energy is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
2.56 B Stocks
Jan 1, 2022
2.57 B Stocks
Jan 1, 2023
2.58 B Stocks
Jan 1, 2024
2.59 B Stocks
Jan 1, 2025
2.60 B Stocks
Jan 1, 2026 (e)
2.60 B Stocks
Jan 1, 2027 (e)
2.60 B Stocks
Jan 1, 2028 (e)
2.60 B Stocks

Meridian Energy Dividend History

13 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.06NZDYTD—1×
Mar 4, 20260.06NZD↓ 69.5%1/1
20250.39NZD↓ 28.3%3×
Mar 6, 20250.09NZD↓ 62.1%1/3
Mar 7, 20250.09NZD↓ 1.2%2/3
Sep 4, 20250.21NZD↑ 133.1%3/3
20240.54NZD↑ 116.7%3×
20230.25NZD↓ 0.2%2×
20220.25NZD↑ 882.8%2×
20210.03NZD↓ 72.4%2×
20200.09NZD↑ 273.4%2×
20190.02NZD↑ 13.3%2×
20180.02NZD↓ 88.3%2×
20170.19NZD↑ 3.9%2×

Meridian Energy dividend history and estimates

In 2025, Meridian Energy paid a dividend amounting to 0.39 NZD. Dividend means that Meridian Energy distributes a portion of its profits to its owners.

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
0.03 NZD
0.00 NZD
Jan 1, 2022
0.25 NZD
0.00 NZD
Jan 1, 2023
0.25 NZD
0.00 NZD
Jan 1, 2024
0.54 NZD
0.00 NZD
Jan 1, 2025
0.39 NZD
0.00 NZD
Jan 1, 2026
0.27 NZD
0.00 NZD
Jan 1, 2027 (e)
0.00 NZD
0.33 NZD
Jan 1, 2028 (e)
0.00 NZD
0.39 NZD

Meridian Energy dividend payout ratio

In 2025, Meridian Energy had a payout ratio of -173.30%. The payout ratio indicates the percentage of the company's profits that Meridian Energy distributes as dividends.

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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
15.84 %
Jan 1, 2022
100.83 %
Jan 1, 2023
683.39 %
Jan 1, 2024
183.94 %
Jan 1, 2025
-173.30 %
Jan 1, 2026 (e)
111.80 %
Jan 1, 2027 (e)
126.64 %
Jan 1, 2028 (e)
140.25 %

Current Meridian Energy forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
2.30 %
Buy
66.67 % (6)
Hold
33.33 % (3)
Sell
0.00 % (0)
12M Price Target
6.49
Last Price
5.55
Currency
NZD
12M Return Potential
16.89 %
LTM Return
0 %

Meridian Energy Earnings Calls

EESG©

Eulerpool ESG Scorecard© for the Meridian Energy stock

71/100
92
Environment
80
Social
42
Governance
E

Environment

20
Scope 1 - Direct Emissions1,060
Scope 2 - Indirect emissions from purchased energy1,313
Scope 3 - Indirect emissions within the value chain112,139
Total CO₂ emissions2,373
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees48.1
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Meridian Energy shareholder structure

% Name
1.53201%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.22094%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.77889%
Nordea Funds Oy
Nordea Funds Oy
0.43423%
BlackRock Advisors (UK) Limited
BlackRock Advisors (UK) Limited
0.38951%
BlackRock Investment Management (UK) Ltd.
BlackRock Investment Management (UK) Ltd.
0.38031%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
...

Meridian Energy Beneficial Ownership Filings (SEC 13D/G)

Free Float
49.3%
Float Shares
-
Shares Outstanding
-

Meridian Energy Executives and Management Board

18 members · avg. age 62 · 44 % women

Management

MR

Mr. Michael Roan

Chief Executive Officer

–
MS

Ms. Mandy Simpson

Chief Financial Officer

–
JS

Mr. Jason Stein

Chief People Officer

–
BR

Mr. Bharat Ratanpal

Chief Information Officer

–
JW

Mr. Jason Woolley

General Counsel, Company Secretary

–
RB

Mr. Rory Blundell

General Manager - Strategy and Portfolio

–

Board of Directors

MV

Mr. Mark Verbiest

Non-Executive Independent Chairman of the Board

254,500.00 NZD
NS

Ms. Nagaja Tharanginee Sanatkumar

Non-Executive Independent Director

169,250.00 NZD
TS

Ms. Tania Simpson

Non-Executive Independent Director

155,750.00 NZD
JH

Ms. Julia Hoare

Non-Executive Independent Director

153,850.00 NZD
GC

Mr. Graham Cockroft (62)

Non-Executive Independent Director

151,050.00 NZD
MH

Mrs. Michelle Henderson

Non-Executive Independent Director

145,050.00 NZD

Frequently asked questions about Meridian Energy

The business model of Meridian Energy Ltd is focused on generating and selling renewable energy. As New Zealand's largest electricity generator, Meridian Energy operates a diverse portfolio of hydro and wind power stations. The company utilizes natural resources to produce sustainable electricity, contributing to the transition to a low-carbon economy. Meridian Energy primarily supplies electricity to both residential and commercial customers, offering innovative energy solutions to meet their needs. With a strong emphasis on environmental stewardship, Meridian Energy is committed to sustainable practices and plays a vital role in reducing carbon emissions in New Zealand.

Meridian Energy Ltd is primarily active in the energy industry.

Some of the main competitors of Meridian Energy Ltd in the market include Contact Energy Ltd, Genesis Energy Ltd, and Mercury NZ Ltd.

Meridian Energy Ltd is a New Zealand-based company that specializes in renewable energy generation. With a strong history dating back to its establishment in 1998, Meridian has become the largest electricity generator in New Zealand, producing over 30% of the country's electricity. The company's success can be attributed to its focus on harnessing natural resources, such as wind, water, and sun, to generate sustainable and clean energy. Meridian Energy Ltd has consistently demonstrated its commitment to renewable energy and environmental preservation, making it a leading player in the global renewable energy sector.

Meridian Energy Ltd has achieved significant milestones throughout its history. Some notable achievements include becoming New Zealand's largest electricity generator, operating a diverse portfolio of renewable energy assets. The company has successfully developed pioneering wind farms and hydro generation projects, contributing to the country's renewable energy goals. In recent years, Meridian Energy Ltd has expanded its presence internationally and entered into joint ventures to further its growth. The company has consistently demonstrated its commitment to sustainability and was recognized as the world's first company to become certified carbon-neutral in 2005. Meridian Energy Ltd continues to lead the way in the renewable energy sector, delivering sustainable and clean electricity for communities worldwide.

Meridian Energy Ltd is primarily present in New Zealand and Australia. This multinational company operates in the electricity generation and sales industry, focusing on renewable energy sources. With its headquarters in Wellington, New Zealand, Meridian Energy Ltd has a significant presence in various regions across the country. Additionally, the company has expanded its operations into the Australian market, establishing a strong foothold within the renewable energy sector. Meridian Energy Ltd's commitment to sustainability and renewable energy solutions is reflected in its extensive presence in New Zealand and Australia.

Meridian Energy Ltd represents a sustainable and environmentally friendly approach to energy generation. With a strong commitment to renewable energy sources, the company focuses on harnessing the power of wind, water, and sun to produce electricity. Meridian Energy Ltd values sustainability, innovation, and responsible business practices. Their corporate philosophy revolves around reducing carbon emissions and promoting a cleaner energy future. As New Zealand's largest renewable energy company, Meridian Energy Ltd actively contributes to the country's goal of achieving 100% renewable energy generation.

Analysts currently set an average price target of 6.40 NZD for the Meridian Energy stock (median: 6.49 NZD), implying +15.3 % versus the latest price. The consensus is based on 9 analyst ratings.

Meridian Energy Analyst Price Targets 2026

9 analysts currently rate the Meridian Energy stock: 6 recommend buying, 3 holding and 0 selling. For 2026, analysts expect Meridian Energy to generate revenue of 3.68 B NZD and earnings per share of 0.24 NZD.

Meridian Energy Analyst Price Targets 2026

Converted at the current exchange rate, the Meridian Energy share trades at 2.83 EUR (5.55 NZD).

The Meridian Energy share (MEL.NZ) is listed on 5 stock exchanges, including: Frankfurt (15M1.F), München (15M1.MU), ASX (MEZ.AX).

Meridian Energy Ltd is one of the largest energy utility companies in New Zealand. Its business model is based on producing and selling clean energy from renewable sources. Meridian Energy's portfolio includes hydroelectric power stations and wind farms distributed throughout New Zealand. An important component of Meridian Energy's business model is its diversification in various areas. This includes the production and sale of electricity, renewable energy solutions, and the tourism industry. One example is the Canyon Springs Hydroelectric Power Stations, which provide electricity to 65,000 households and are known for their environmentally friendly technologies. Meridian Energy also produces solar power through innovative solar panels. These products demonstrate the company's specialization in renewable energy and its use of cutting-edge technologies. Meridian Energy also offers customized energy solutions for customers who want environmentally friendly energy. The needs of customers are individually considered, and a solution based on renewable sources is found. This includes a made-to-measure program that also includes a comprehensive energy analysis to help customers save money and energy in the future. Furthermore, Meridian Energy focuses on the tourism industry, with a particular emphasis on the locations where electricity production takes place. Tours are offered where customers can learn about renewable energies and get exclusive insights into the production process. The company also collaborates with various hotels and businesses to provide customers with electricity from renewable sources. The company also offers specialized services tailored to the individual needs of customers. This ranges from a 24/7 hotline to an online portal that helps customers monitor their electricity usage and view their bills online. In summary, Meridian Energy's business model is focused on renewable energy, diversification in various industries, and customized customer solutions. The company has a strong focus on innovation and utilizes cutting-edge technologies. Collaboration with other companies and a clear focus on environmental protection and sustainability are important aspects that distinguish Meridian Energy's business model.

The expected revenue of Meridian Energy is 3.68 B NZD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Meridian Energy is 637.73 M NZD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Meridian Energy is currently 22.66. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Meridian Energy stock.

The price-to-sales ratio (P/S) of Meridian Energy is currently 3.92. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Meridian Energy stock.

The Eulerpool Quality Score for Meridian Energy is 5/10.

The ISIN of Meridian Energy is NZMELE0002S7. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Meridian Energy is A14SF0. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Meridian Energy is MEL.NZ. The ticker symbol is used to trade Meridian Energy shares on the stock exchange.

Over the past 12 months, Meridian Energy paid a dividend of 0.39 NZD . This corresponds to a dividend yield of about 7.04 %. For the coming 12 months, Meridian Energy is expected to pay a dividend of 0.33 NZD.

The current dividend yield of Meridian Energy is 7.04 %.

Meridian Energy pays a dividend, distributed in the months of , , , .

Meridian Energy paid dividends every year for the past 12 years.

For the upcoming 12 months, dividends amounting to 0.33 NZD are expected. This corresponds to a dividend yield of 5.92 %.

Meridian Energy is assigned to the 'Utilities' sector.

In the year 2025, Meridian Energy distributed 0.26 NZD as dividends.

The dividends of Meridian Energy are distributed in NZD.

All fundamentals and in-depth analysis of Meridian Energy

Our stock analysis for Meridian Energy stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Meridian Energy. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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