Highlights

  • Amplitude Energy reported record production, Revenue and Earnings for the year ended 30 June 2026.
  • The company’s Natural Gas operations continued supplying the Australian east coast market.
  • Net Debt reduced during FY2026 while cash levels increased compared with the prior year.
  • The East Coast Supply Project remained a key future development initiative.
  • Future updates will focus on project milestones, production performance and Capital requirements.

Amplitude Energy Limited (ASX:AEL) is an Australian natural gas company focused on supplying energy to the east coast market. The company’s FY2026 results highlighted production performance, financial outcomes and continued progress across development activities, including the East Coast Supply Project.

FY2026 Operational Performance

Amplitude Energy reported results for the year ended 30 June 2026, with production, revenue and earnings increasing during the period. Group production reached 27.6 petajoules equivalent, with average daily production of 75.5 terajoules equivalent. The company reported sales revenue of A$285.8 million, supported by its natural gas operations and realised gas pricing during the year.

Financial Results and Balance Sheet Position

The company reported underlying EBITDAX of A$191.8 million and adjusted cash from operations of A$191.0 million for FY2026. During the period, net debt reduced to A$37.6 million from A$243.0 million a year earlier, while cash increased to A$137.5 million. These financial measures provide insight into the company’s operating performance and funding position.

East Coast Supply Project Development

The East Coast Supply Project remains a central component of Amplitude Energy’s longer-term development activities. The project includes the Artisan and Annie fields and is intended to support future gas supply. The company has continued progressing activities associated with the project, including preparation for a future final Investment decision.

FY2027 Guidance and Capital Programme

Amplitude Energy provided FY2027 guidance covering production expectations, Capital Expenditure and operating costs. The company expects production of 26.6 to 28.5 petajoules equivalent, with capital expenditure guidance of A$250 million to A$310 million. The planned capital programme includes expenditure associated with advancing the company’s development activities.

Operational Factors and Risks

Energy companies operate in markets influenced by Commodity pricing, regulation, project execution and operational performance. For Amplitude Energy, future outcomes will depend on development progress, drilling results, capital management and the ability to maintain production from existing assets. Gas pricing conditions and infrastructure activities are also important considerations.

Future Areas to Monitor

Future company announcements may provide updates on the East Coast Supply Project, including investment decisions, development timelines and funding arrangements. Production reports will also provide information on operational performance, while progress at key projects will indicate how the company continues to develop its gas portfolio.

Key Insights

Amplitude Energy’s FY2026 results demonstrate the role of production performance, financial management and project development in its Business strategy. The company continues to balance current gas production with future development opportunities. Ongoing disclosures regarding project execution, production levels and capital requirements will provide further information on the company’s operational direction.