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Cooper Energy Limited ( (AU:AEL) ) just unveiled an announcement.
Cooper Energy Limited reported a record quarterly sales revenue of $67.9 million for the three months ending December 2024, marking a significant financial performance improvement. The company reduced its net debt by 9% to $254.2 million, with notable advancements in its Orbost Gas Plant Project (OGPP), achieving a record runtime and improved gas sales, including expansion into the Sydney spot market. Additionally, the company continues to progress its East Coast Supply Project (ECSP) amid ongoing discussions with potential gas customers, poised to meet the Australian Competition and Consumer Commission’s call for new gas supplies in Southern Australia.
More about Cooper Energy Limited
Cooper Energy Limited is a key player in the energy industry, focusing on gas production and sales, particularly in the Gippsland and Otway basins. The company is actively involved in projects aimed at enhancing gas supply to the southern Australian markets.
YTD Price Performance: 6.09%
Average Trading Volume: 1,806
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $347M
Find detailed analytics on AEL stock on TipRanks’ Stock Analysis page.
