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Amplitude Energy Limited (ASX:AEL)

ALERT: Price-sensitive ASX Announcement for AEL
Current share price for AEL : $1.630 0.085 (5.50%)+
Announcement
Release
18 Aug 2026 8:08AM
Price at Release
$1.545
Full Release
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Summary
Amplitude Energy Limited (AEL) achieved record operational and financial metrics in FY26, with a robust start to their FY27 operations. The company recorded a significant increase in contracted sales and trading value, which provided a stable revenue base and higher realized prices. Key projects like the East Coast Supply Project (ECSP) were de-risked through strategic acquisitions, and further exploration and development activities, such as the imminent Juliet drilling, are underway. AEL's focus on utilizing existing assets and improving efficiencies has contributed to a 12% increase in underlying EBITDAX, driven by a rise in gas sales volumes and prices, alongside reductions in production costs. For FY27, the company aims to increase production, continue cost optimization, and progress the ECSP, targeting a final investment decision in early FY27. AEL is also committed to sustainability, achieving a 36% reduction in greenhouse gas emissions from flaring by FY30, and integrating renewable energy solutions.
Key Points
  • Record production and financial metrics achieved in FY26.
  • Significant increase in contracted sales and trading value.
  • De-risking of the East Coast Supply Project (ECSP) through acquisitions.
  • Imminent Juliet exploration drilling and further development activities.
  • 12% increase in underlying EBITDAX driven by higher gas sales volumes and prices.
  • Focus on maximizing asset utilization and cost optimization.
  • Progression towards a final investment decision for ECSP in early FY27.
  • Commitment to sustainability with a 36% reduction in emissions from flaring.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.