Amplitude Energy (ASX:AEL) has reported a landmark third quarter for the 2026 financial year, underpinned by record-breaking revenue and operational milestones across its Australian basins.
The energy producer achieved a quarterly revenue of $74.1 million, a 3% increase over the previous quarter, driven by a record average realised gas price of $10.74/GJ.
The financial growth comes despite a slight 2% dip in quarterly production to 6.86 PJe, though year-to-date figures remain 6% higher than the previous year, keeping the company on track to meet its upgraded annual guidance.
A primary catalyst for this performance was the Orbost Gas Processing Plant, which successfully increased its production capacity.
The facility set new records with a seven-day average production rate of 71.0 TJ/d, proving its ability to operate well above prior nameplate capacity.
Managing Director and CEO Jane Norman noted that these operational improvements, combined with strong contracted gas prices, have more than offset softer spot market pricing.
The company has completed critical maintenance in the Otway Basin and development works in the Cooper Basin, which are expected to bolster production in the final quarter.
While exploration results at the first East Coast Supply Project well were described as disappointing, the broader project remains on budget and on schedule for first gas by 2028.