Amplitude Energy (AEL) Q3 2026 earnings summary

Executive summary

• Achieved strong group production of 6.86 PJe in Q3 FY26, tracking toward the upper end of upgraded guidance of 73–77 TJe/day.

• Set new records for quarterly revenue ($74.1 million) and average realised gas price ($10.74/GJ), up 3% and 4% respectively from Q2 FY26.

• Orbost Gas Processing Plant (OGPP) exceeded prior nameplate capacity, with stable operations above 70 TJ/day and new production records.

• Completed Otway Basin maintenance and Cooper Basin development, with additional production expected from new wells.

• Signed two foundation Gas Sales Agreements for the East Coast Supply Project (ECSP) with major customers, targeting first gas by CY2028.

Financial highlights

• Quarterly sales revenue reached a record $74.1 million, up 3% from Q2 FY26 and 9% year-to-date.

• Average realised gas price increased to $10.74/GJ, up 4% quarter-on-quarter and 6% year-to-date.

• Cash and cash equivalents rose to $96.0 million, up 18% from Q2 FY26.

• Net debt increased to $39.2 million, up 16% sequentially but down 84% year-over-year.

• Total capital expenditure for Q3 FY26 was $79.8 million, mainly driven by Otway Basin exploration.

Outlook and guidance

• Group production is tracking toward the upper end of upgraded guidance (73–77 TJe/day) for FY26.

• ECSP project remains on budget and schedule, with first gas targeted for CY2028.

• Further production improvements and debottlenecking at OGPP expected in Q4.