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Queensland Pacific Metals Ltd. ( (AU:QPM) ) has shared an update.
During the December 2024 quarter, QPM Energy reported a significant increase in electricity and gas sales, totaling $30.8 million, driven by strong electricity pricing. The company completed the acquisition of the Moranbah Power Station, enhancing its electricity generation capacity and reducing operational costs for the Moranbah Gas Project. The quarter also saw a slight decline in overall gas supply due to reduced third-party gas contributions, despite an increase in QPM Energy’s managed production. Planning for additional drilling is underway, indicating potential future growth in production capabilities.
More about Queensland Pacific Metals Ltd.
QPM Energy Ltd is an energy sector company focused on electricity and gas production. The company operates the Moranbah Gas Project and has recently expanded its electricity generation capabilities through acquisitions.
YTD Price Performance: 25.00%
Average Trading Volume: 4,453,149
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$189.1M
See more data about QPM stock on TipRanks’ Stock Analysis page.
