Amplitude Energy (AEL) Q4 2026 earnings summary

Executive summary

• Achieved record annual production of 27.6 PJe for FY26, up 3% year-over-year, with Q4 production steady at 6.81 PJe.

• Set new annual financial records: FY26 revenue reached $285.8 million (+7% year-over-year) and average realised gas price was $10.35/GJ (+4%).

• Approximately 80% of CY2026 gas sales volumes are expected to be under fixed-price contracts, providing revenue stability.

• Ended FY26 with net debt of $37.2 million, reflecting strong cash generation and internal funding of growth.

Financial highlights

• Q4 FY26 sales revenue was $70.3 million, down 5% sequentially; FY26 revenue totaled $285.8 million, up 7% year-over-year.

• Average realised gas price in Q4 FY26 was $10.25/GJ, down 5% sequentially; FY26 average was $10.35/GJ, up 4% year-over-year.

• Cash and cash equivalents at 30 June 2026 were $138.0 million, up 44% from Q3 FY26.

• Net debt reduced by 85% year-over-year to $37.2 million.

Outlook and guidance

• ECSP drilling campaign to commence with Juliet exploration well in late July or early August, followed by Annie development well.

• ECSP budget and target for first gas from CY2028 remain on track; FID for development phase expected in Q1 FY27.

• 80% of CY2026 gas volumes expected to be sold under existing GSAs, supporting revenue resilience.