Meridian Energy (MEL.NZ) Stock Price

Meridian Energy Price

NZX·CLOSED
5.70NZD
Market closed

Over the last 16 years Meridian Energy grew revenue by 6% 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 6.86%. The dividend has grown at 9.2% per year over the past 11 years.

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
Access this data via the Eulerpool API

Meridian Energy Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2009
1.89 B NZD
235.2 M NZD
90.2 M NZD
Jan 1, 2010
2.06 B NZD
438.8 M NZD
184.9 M NZD
Jan 1, 2011
2.05 B NZD
346.3 M NZD
303.8 M NZD
Jan 1, 2012
2.57 B NZD
372.8 M NZD
74.9 M NZD
Jan 1, 2013
2.71 B NZD
416.2 M NZD
295.1 M NZD
Jan 1, 2014
2.51 B NZD
356 M NZD
230 M NZD
Jan 1, 2015
2.4 B NZD
378 M NZD
247 M NZD
Jan 1, 2016
2.38 B NZD
399 M NZD
185 M NZD
Jan 1, 2017
2.32 B NZD
317 M NZD
200 M NZD
Jan 1, 2018
2.76 B NZD
375 M NZD
201 M NZD
Jan 1, 2019
3.49 B NZD
620 M NZD
339 M NZD
Jan 1, 2020
3.41 B NZD
429 M NZD
176 M NZD
Jan 1, 2021
3.96 B NZD
578 M NZD
428 M NZD
Jan 1, 2022
3.78 B NZD
295 M NZD
664 M NZD
Jan 1, 2023
3.22 B NZD
531 M NZD
95 M NZD

Meridian Energy Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 7, 2026, 5:22 AM
 
REVENUE (B NZD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B NZD)
NET INCOME (M NZD)
NET INCOME GROWTH (%)
DIV. (NZD)
DIV. GROWTH (%)
SHARES (B)
DOCUMENTS
202120222023202420252026e2027e2028e
3.963.783.224.864.844.484.944.94
16.39-4.72-14.6750.71-0.43-7.3610.250.02
22.7121.3533.4321.429.3731.728.7628.75
0.90.811.081.041.421.421.421.42
42866495429-452430467534
143.1855.14-85.69351.58-205.36-195.138.614.35
0.030.250.250.540.390.420.710.62
-66.67733.33116-27.787.6969.05-12.68
2.562.572.582.592.62.62.62.6
Details

Income Statement Key Figures

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.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2009
58.33 %
12.43 %
4.77 %
Jan 1, 2010
63.94 %
21.28 %
8.97 %
Jan 1, 2011
43.74 %
16.87 %
14.8 %
Jan 1, 2012
27.38 %
14.5 %
2.91 %
Jan 1, 2013
30.62 %
15.35 %
10.88 %
Jan 1, 2014
32.76 %
14.19 %
9.17 %
Jan 1, 2015
34.54 %
15.73 %
10.28 %
Jan 1, 2016
36.55 %
16.8 %
7.79 %
Jan 1, 2017
37.63 %
13.66 %
8.62 %
Jan 1, 2018
32.37 %
13.58 %
7.28 %
Jan 1, 2019
31.14 %
17.76 %
9.71 %
Jan 1, 2020
32.66 %
12.6 %
5.17 %
Jan 1, 2021
22.71 %
14.58 %
10.8 %
Jan 1, 2022
21.35 %
7.81 %
17.58 %
Jan 1, 2023
33.43 %
16.48 %
2.95 %

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, 2009
1.18 NZD
0.15 NZD
0.06 NZD
Jan 1, 2010
1.29 NZD
0.27 NZD
0.12 NZD
Jan 1, 2011
1.28 NZD
0.22 NZD
0.19 NZD
Jan 1, 2012
1.61 NZD
0.23 NZD
0.05 NZD
Jan 1, 2013
1.69 NZD
0.26 NZD
0.18 NZD
Jan 1, 2014
0.98 NZD
0.14 NZD
0.09 NZD
Jan 1, 2015
0.94 NZD
0.15 NZD
0.1 NZD
Jan 1, 2016
0.93 NZD
0.16 NZD
0.07 NZD
Jan 1, 2017
0.91 NZD
0.12 NZD
0.08 NZD
Jan 1, 2018
1.08 NZD
0.15 NZD
0.08 NZD
Jan 1, 2019
1.36 NZD
0.24 NZD
0.13 NZD
Jan 1, 2020
1.33 NZD
0.17 NZD
0.07 NZD
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

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

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

Meridian Energy annual returns

Details

Annual Return

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 was Meridian Energy in 2025 — This indicates how many shares 2.604 B 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, 2009
1.6 B base_Shares
Jan 1, 2010
1.6 B base_Shares
Jan 1, 2011
1.6 B base_Shares
Jan 1, 2012
1.6 B base_Shares
Jan 1, 2013
1.6 B base_Shares
Jan 1, 2014
2.56 B base_Shares
Jan 1, 2015
2.56 B base_Shares
Jan 1, 2016
2.56 B base_Shares
Jan 1, 2017
2.56 B base_Shares
Jan 1, 2018
2.56 B base_Shares
Jan 1, 2019
2.56 B base_Shares
Jan 1, 2020
2.56 B base_Shares
Jan 1, 2021
2.56 B base_Shares
Jan 1, 2022
2.57 B base_Shares
Jan 1, 2023
2.58 B base_Shares

Meridian Energy Dividend History

12 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.39NZD 28.3%
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%
20230.25NZD 0.2%
20220.25NZD 882.8%
20210.03NZD 72.4%
20200.09NZD 273.4%
20190.02NZD 13.3%
20180.02NZD 88.3%
20170.19NZD 3.9%
20160.18NZD 70.1%

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)
Invalid Date
0.15 NZD
-0.04 NZD
Jan 1, 2015
0.11 NZD
0 NZD
Jan 1, 2016
0.18 NZD
0 NZD
Jan 1, 2017
0.19 NZD
0 NZD
Jan 1, 2018
0.02 NZD
0 NZD
Jan 1, 2019
0.02 NZD
0 NZD
Jan 1, 2020
0.09 NZD
0 NZD
Jan 1, 2021
0.03 NZD
0 NZD
Jan 1, 2022
0.25 NZD
0 NZD
Jan 1, 2023
0.25 NZD
0 NZD
Jan 1, 2024
0.54 NZD
0 NZD
Jan 1, 2025
0.39 NZD
0 NZD
Invalid Date
0.21 NZD
0.21 NZD
Invalid Date
0 NZD
0.71 NZD
Invalid Date
0 NZD
0.62 NZD

Meridian Energy dividend payout ratio

In 2025, Meridian Energy had a payout ratio of -173.3%. 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, 2009
322.72 %
Jan 1, 2010
322.72 %
Jan 1, 2011
322.72 %
Jan 1, 2012
322.72 %
Jan 1, 2013
322.72 %
Jan 1, 2014
165.18 %
Jan 1, 2015
110.58 %
Jan 1, 2016
251.11 %
Jan 1, 2017
241.41 %
Jan 1, 2018
28.06 %
Jan 1, 2019
18.84 %
Jan 1, 2020
135.46 %
Jan 1, 2021
15.84 %
Jan 1, 2022
100.83 %
Jan 1, 2023
683.39 %
Price targets and forecasts for Meridian Energy are not yet available.

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
50.74936%
New Zealand Treasury
New Zealand Treasury
1.79112%
Accident Compensation Corporation
Accident Compensation Corporation
1.53201%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.22094%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.79632%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
0.77889%
Nordea Funds Oy
Nordea Funds Oy
...

Meridian Energy Executives and Management Board

MV

Mr. Mark Verbiest

Non-Executive Independent Chairman of the Board

Compensation254,500 NZD
NS

Ms. Nagaja Tharanginee Sanatkumar

Non-Executive Independent Director

Compensation169,250 NZD
TS

Ms. Tania Simpson

Non-Executive Independent Director

Compensation155,750 NZD
JH

Ms. Julia Hoare

Non-Executive Independent Director

Compensation153,850 NZD
GC

Mr. Graham Cockroft

(62)

Non-Executive Independent Director

Compensation151,050 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.

All fundamentals and in-depth analysis of Meridian Energy

Our stock analysis for Meridian Energy Revenue 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 Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.