Australia's Origin Energy posts 6% sequential fall in fourth-quarter APLNG revenue

Australia's Origin Energy ORG posted a 6% sequential decline in fourth-quarter revenue from its stake in the Australia Pacific LNG (APLNG) project on Thursday, as lower underlying commodity prices weighed on earnings.

The power producer reported revenue from the APLNG project — a joint venture with U.S. oil and gas major ConocoPhillips COP and China's Sinopec 600028 — of A$547 million ($352.32 million) for the three months ended June, compared with A$583 million in the third quarter.

($1 = 1.5526 Australian dollars)