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Amplitude Energy Posts Record Quarter as Orbost Expansion and Otway Drilling Advance

Story Highlights
  • Amplitude Energy delivered record quarterly production and revenue, boosted by Orbost plant performance, higher gas prices and strong spot sales.
  • The company cut net debt sharply while advancing Otway drilling and Orbost capacity expansion, reinforcing its role in Australia’s gas supply.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Amplitude Energy Posts Record Quarter as Orbost Expansion and Otway Drilling Advance

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Amplitude Energy ( (AU:AEL) ) just unveiled an update.

Amplitude Energy reported record quarterly production of 7.03 PJe and record revenue of $71.6 million for the three months to 31 December 2025, driven by strong performance at the Orbost Gas Processing Plant and higher realised gas prices. The company achieved record spot gas sales into the Victorian and Sydney markets, secured regulatory approval to increase pipeline flow rates to Orbost, and has begun testing production above the plant’s 68 TJ/day nameplate capacity, setting a new daily output record of 70 TJ/day; at the same time, strong cash generation and an equity raising cut net debt sharply to $34.2 million. Operationally, the Gippsland Sole field continued to ramp up while Otway’s Casino, Henry and Netherby fields saw modest decline and Cooper Basin oil output rebounded as flood impacts eased, and in project development the Transocean Equinox rig has now arrived to start drilling the Elanora prospect in the Otway Basin, with front-end engineering nearing completion and a final investment decision on the expansion project anticipated in the coming quarter, underscoring Amplitude’s push to consolidate its position in Australia’s domestic gas supply chain.

The most recent analyst rating on (AU:AEL) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.

More about Amplitude Energy

Amplitude Energy is an Australian oil and gas producer with operations focused on the Gippsland, Otway and Cooper basins. Its primary products are sales gas processed through the Orbost Gas Processing Plant and the Athena Gas Plant, alongside oil and condensate output from the Cooper Basin, supplying domestic energy markets including Victoria and Sydney.

Average Trading Volume: 572,182

Technical Sentiment Signal: Buy

Current Market Cap: A$851.7M

For a thorough assessment of AEL stock, go to TipRanks’ Stock Analysis page.

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