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Cue Energy Reports Strong Half-Year Results with Continued Shareholder Returns

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Cue Energy Reports Strong Half-Year Results with Continued Shareholder Returns

Cue Energy Resources Limited ( (AU:CUE) ) has provided an update.

Cue Energy Resources Limited reported a half-year revenue of $27.1 million for the period ending 31 December 2024, alongside a declared interim dividend of 1 cent per share, amounting to an additional $7 million returned to shareholders. Despite a slight decline in revenue due to oil price volatility and production costs, the company maintains a strong cash flow and continues to develop its asset base, with positive progress in projects across Australia and Indonesia. The company’s onshore Australian assets are expected to benefit from higher gas contracting rates in the second half of FY2025.

More about Cue Energy Resources Limited

Cue Energy Resources Limited is a company operating in the energy sector, focusing on the exploration and production of oil and gas. The company has a market focus on assets located in Australia, New Zealand, and Indonesia, with a strategy centered around sustainable shareholder returns and asset development.

YTD Price Performance: 25.00%

Average Trading Volume: 291,109

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$83.84M

See more data about CUE stock on TipRanks’ Stock Analysis page.

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