Amplitude Energy posts $285.8M in full-year revenue

• Amplitude Energy generated $285.8 million in full-year revenue, up 7% from the prior year.
• Underlying earnings before interest, tax, depreciation, amortisation, and exploration costs rose 12% as shares moved higher.
• Management plans to advance the East Coast Supply Project to drive future domestic gas development.

Amplitude Energy (ASX:AEL) reported full-year revenue of $285.8 million, up 7% from the previous financial year, due to higher sales volumes and higher realised gas prices.

The energy producer lifted annual gas production by 3% to 27.6 petajoules-equivalent as processing plant output expanded.

Underlying EBITDAX increased 12% on FY25 to a new record of $191.8 million, with a 67% underlying EBITDAX margin.

"Record production performance was driven by Orbost, where production was increased above the plant’s previous 68 TJ/day nameplate level," said Amplitude Energy Managing Director and CEO Jane Norman.

Capital expenditure incurred was $118.6 million, below the FY26 guidance range, with ECSP costs in FY26 coming in under expectations.

The business achieved $13.4 million in annualised cash flow improvements, while operating cash flow increased 102% to $180.3 million.

Following the announcement, the Amplitude Energy share price was up at $1.54.

FY27 production guidance is 26.6 – 28.5 PJe, reflecting an expectation of continued strong Gippsland Basin production, offset by a planned maintenance shutdown at OGPP in H2 FY27 and natural decline at the CHN fields and PEL 92.

Amplitude Energy continues to progress the ECSP, which targets production through the Athena Gas Plant from new Offshore Otway Basin gas fields in 2028.

The energy producer recently acquired a 50% interest in the Artisan gas field to expand regional reserves.