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88 Energy
(Sydney:88E)
88 Energy (88E) vs. iShares MSCI Australia ETF (EWA)
88 Energy Business Overview & Revenue Model
88 Energy Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 2.50K | 4.45K | 241.53K | Gross Profit |
| 0.00 | -64.23K | -57.81K | 4.36M | 148.15K | EBIT |
| ― | -16.00M | -5.88M | -1.21M | -3.52M | EBITDA |
| ― | -16.04M | -73.98M | -1.13M | -8.05M | Net Income Common Stockholders |
| ― | -14.44M | -70.72M | -2.41M | -22.03M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 7.20M | 18.18M | 14.12M | 32.32M | 14.85M | Total Assets |
| 148.99M | 156.53M | 133.03M | 145.78M | 85.36M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 20.78M | Net Debt |
| -7.20M | -18.18M | -14.12M | -32.32M | 5.94M | Total Liabilities |
| 356.79K | 840.04K | 1.35M | 5.94M | 26.45M | Stockholders Equity |
| 148.64M | 155.69M | 131.68M | 139.84M | 58.91M |
| Cash Flow | Free Cash Flow | |||
| -28.73M | -35.29M | -188.20M | -47.44M | -46.64M | Operating Cash Flow |
| -3.41M | -5.38M | -135.55M | -5.65M | -5.12M | Investing Cash Flow |
| -17.38M | -23.67M | -57.84M | 3.15M | -9.34M | Financing Cash Flow |
| 9.03M | 33.09M | 43.90M | 19.09M | 13.63M |
88 Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $22.55B | 12.15 | 7.94% | 4.70% | -7.99% | -12.27% | |
70 Outperform | AU$80.40M | 8.52 | 13.84% | 17.39% | -16.65% | -46.22% | |
70 Neutral | $19.66B | 13.88 | 14.75% | 5.10% | 8.09% | -13.99% | |
59 Neutral | $2.96B | 32.18 | 2.70% | 4.43% | 6.43% | ― | |
58 Neutral | $7.55B | 3.49 | -4.45% | 10.15% | 0.79% | -49.51% | |
17 Underperform | £26.62M | ― | -21.75% | ― | ― | -57.14% |
88 Energy Corporate Events
88 Energy Limited reported its quarterly activities for the period ending March 31, 2025, highlighting significant developments in its key projects. Project Leonis has shown substantial prospective resource potential, with planning underway for the Tiri-1 exploration well. Project Phoenix secured a farmout agreement with Burgundy Xploration LLC, providing significant funding for future development. Meanwhile, Project Longhorn experienced a slight dip in production due to adverse weather, prompting a strategic review of its asset position. The company’s strong cash balance supports ongoing exploration and development efforts.
88 Energy Limited has announced its Annual General Meeting for shareholders, scheduled for May 6, 2025, at Quest Kings Park in Perth, WA. The company will not send hard copies of the meeting notice unless requested, encouraging shareholders to access materials online. Shareholders are urged to lodge proxy votes online due to COVID-19 measures, with any changes to be communicated via the company’s website and ASX platform.
88 Energy Limited has announced a security consolidation involving its ordinary shares and several options and warrants. The consolidation is set to commence trading on a deferred settlement basis from May 8, 2025, with a record date of May 9, 2025, and an issue date of May 16, 2025. This move is part of the company’s strategic financial management, potentially impacting its market positioning and shareholder value.
88 Energy Limited has announced its upcoming Annual General Meeting, set to take place on May 6, 2025, in Perth, Western Australia. The meeting will address various resolutions affecting shareholder interests, and shareholders are encouraged to participate either in person or by proxy to ensure their votes are counted. The company has outlined specific instructions for voting eligibility and procedures to facilitate shareholder engagement.
88 Energy Limited has received a final payment of US$2.2 million from Burgundy Xploration LLC, strengthening its cash position to over A$10 million. This payment is part of a Farmout Participation Agreement related to Project Phoenix, which financially de-risks the project and allows 88 Energy to focus on advancing Project Leonis while Burgundy becomes the operator of Project Phoenix.
88 Energy Limited has announced its Annual General Meeting (AGM) scheduled for May 6, 2025, in Perth, Australia. A key agenda item will be the election of a new Director, with nominations closing on March 19, 2025. This meeting is significant for stakeholders as it involves strategic leadership decisions that could impact the company’s future operations and market positioning.
88 Energy Limited has released its corporate governance statement for the financial year ending December 31, 2024, which is available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, ensuring transparency and accountability in its operations. This announcement reinforces 88 Energy’s commitment to maintaining robust governance practices, which is crucial for investor confidence and regulatory compliance.
88 Energy Limited announced the cessation of certain securities, including 36 million options and 5.5 million performance rights, due to expiry and unmet conditions, respectively. This development may impact the company’s capital structure and could influence investor perceptions and future financial strategies.
88 Energy Limited is progressing its high-impact exploration and appraisal activities across multiple regions, including Namibia, Texas, and Alaska. The company’s efforts indicate a strategic focus on expanding its exploration footprint and enhancing production capabilities, which could potentially impact its operational strength and stakeholder interests significantly.
88 Energy Limited has entered into a Farmout Participation Agreement with Burgundy Xploration LLC for Project Phoenix on Alaska’s North Slope, granting Burgundy a 50% working interest in exchange for funding up to US$39 million of the project’s costs. This agreement provides 88 Energy a fully funded path to advance Project Phoenix towards production, allowing them to focus on other projects and de-risking strategies, while Burgundy assumes operator responsibilities.