Strike Energy (STX) Q4 2026 TU earnings summary

Executive summary

• South Erregulla Power Station reached mechanical completion, with commissioning of network connection infrastructure underway as of July 21, 2026.

• Walyering West-1 was drilled and tested, confirming a new gas accumulation in the Cattamarra Formation; assessment of commercial viability is ongoing.

• Strong safety performance was maintained, with no major HSE incidents during intense operational activity.

• Leadership changes included the appointment of a new CEO and Non-Executive Chair.

Financial highlights

• Q4 FY26 sales revenue was $13.08 million, down 5% quarter-on-quarter; FY26 revenue was $62.79 million, down 14% year-over-year.

• Q4 production was 0.99 PJe, down 12% from Q3; FY26 production was 5.90 PJe, down 36% year-over-year.

• Cash and cash equivalents increased to $46.28 million at quarter end, up 25% from Q3.

• Capital expenditure for the quarter was $50.6 million, with $49 million in development costs.

Outlook and guidance

• South Erregulla Power Project is progressing toward commercial operations, with grid connection commissioning underway.

• West Erregulla remains a strategic focus, with ongoing commercial discussions to determine the optimal development pathway.

• The 2026 WEM ESOO supports the long-term need for firm, flexible generation, reinforcing the strategic positioning of the South Erregulla project.