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Amplitude Energy
(Sydney:AEL)
Amplitude Energy (AEL) vs. iShares MSCI Australia ETF (EWA)
Amplitude Energy Business Overview & Revenue Model
Amplitude Energy Earnings Call Summary
Amplitude Energy Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 275.83M | 268.06M | 219.05M | 196.94M | 203.85M | 131.64M |
| Gross Profit | 90.88M | 77.83M | 89.77M | 11.28M | 38.54M | 13.99M |
| EBITDA | 158.33M | 142.60M | -48.81M | -35.52M | -4.58M | -17.35M |
| Net Income | -22.68M | -41.33M | -114.11M | -68.46M | -10.56M | -30.04M |
Balance Sheet | ||||||
| Total Assets | 1.13B | 1.18B | 1.22B | 1.34B | 1.20B | 978.54M |
| Cash, Cash Equivalents and Short-Term Investments | 81.30M | 62.19M | 14.33M | 77.13M | 247.01M | 91.31M |
| Total Debt | 118.83M | 300.12M | 254.92M | 154.60M | 168.86M | 230.00M |
| Total Liabilities | 583.67M | 799.17M | 805.54M | 847.50M | 701.55M | 652.75M |
| Stockholders Equity | 548.33M | 376.52M | 417.65M | 496.87M | 498.43M | 325.80M |
Cash Flow | ||||||
| Free Cash Flow | 84.11M | 15.57M | -166.24M | -212.80M | 36.90M | -26.52M |
| Operating Cash Flow | 119.85M | 89.31M | -99.76M | 62.76M | 57.78M | 8.06M |
| Investing Cash Flow | -42.32M | -75.27M | -66.48M | -274.92M | -20.44M | -34.58M |
| Financing Cash Flow | -46.96M | 33.75M | 105.54M | 41.17M | 116.86M | -12.48M |
Amplitude Energy Technical Analysis
Amplitude Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$415.04M | 31.17 | 16.49% | 14.63% | -4.57% | -52.65% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | $1.02B | -199.19 | -2.73% | ― | ― | 60.83% | |
52 Neutral | AU$806.68M | -26.17 | -9.90% | ― | 22.38% | 63.95% | |
52 Neutral | AU$1.03B | -14.86 | -14.41% | ― | ― | ― | |
49 Neutral | AU$329.68M | -12.99 | -13.47% | ― | ― | ― | |
45 Neutral | AU$359.94M | -1.88 | -42.02% | ― | 59.48% | -1714.71% |
Amplitude Energy Corporate Events
Amplitude Energy has released its FY26 half-year results update, outlining key financial and operating metrics using non-IFRS measures such as EBITDAX, EBITDA, EBIT, underlying profit and free cash flow. The company also reaffirmed its approach to reporting petroleum reserves and resources under the 2018 Petroleum Resources Management System and disclosed that its figures are subject to rounding and currency conversion conventions.
The release underscores the significant project and corporate risks inherent in the oil and gas sector, including commodity price volatility, regulatory approvals and operational uncertainties that may cause outcomes to differ from expectations. Amplitude Energy highlights that its reserves and resources estimates are prepared under qualified professional supervision and notes that forward-looking statements are not binding guidance, signalling a cautious stance for investors assessing future performance and project outcomes.
The most recent analyst rating on (AU:AEL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
Amplitude Energy has reported that its Elanora‑1 exploration well in the offshore Otway Basin reached total depth safely and ahead of schedule, but logging data showed no elevated gas readings in the primary Waarre A reservoir, which is interpreted as water‑bearing. The well will now be plugged, and the company will proceed with a planned sidetrack into the nearby Isabella prospect, which targets a different reservoir and remains central to its East Coast Supply Project.
Management said the disappointing Elanora outcome does not alter its assessment of the prospectivity of Waarre C sands targets such as Isabella, Juliet and Nestor. A successful Isabella sidetrack would be logged, flow‑tested and completed with subsea infrastructure for future development into the regional gas supply project, underscoring Amplitude’s continued push to secure new domestic gas volumes despite the Elanora setback.
The most recent analyst rating on (AU:AEL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
Amplitude Energy Limited has issued 142,785 unquoted performance rights under its employee incentive scheme, with the new securities recorded as being issued on 30 January 2026. The performance rights are subject to transfer restrictions and will not be quoted on the ASX until those restrictions lapse, signalling the company’s continued use of equity-linked incentives to align staff and management with shareholder interests and long-term performance.
The most recent analyst rating on (AU:AEL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
Amplitude Energy Limited has appointed Matthew Vernon Ridolfi as a director effective 2 February 2026. According to the initial director’s interest notice filed with the ASX, Ridolfi holds no relevant interests in the company’s securities and has no interests in contracts related to issued securities, indicating no immediate change to the company’s capital structure or control arising from his appointment.
The most recent analyst rating on (AU:AEL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
Amplitude Energy Limited has disclosed that Vanguard Group, including its controlled entities such as Vanguard Investments Australia, has reduced its holding in the company to just under the substantial shareholder threshold. Vanguard now controls 4.997% of Amplitude Energy’s voting power, meaning it is no longer classified as a substantial holder under Australian corporate law, a move that may slightly reduce institutional influence over the company’s shareholder register but does not indicate any change in control or disclosed new associations.
The most recent analyst rating on (AU:AEL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
Amplitude Energy has appointed veteran oil and gas executive Matthew Ridolfi as a non-executive director, adding more than 35 years of upstream experience across technical, operational and corporate leadership roles at BHP Petroleum and Woodside Energy. Ridolfi’s track record in delivering complex, multi-billion-dollar projects and his direct familiarity with the company’s Athena Gas Plant and broader operating footprint are expected to support Amplitude’s governance and execution capabilities as it advances its transformational East Coast Supply Project and consolidates its position in Australia’s constrained gas markets.
The most recent analyst rating on (AU:AEL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
Mitsubishi UFJ Financial Group has lodged a notice confirming it has ceased to be a substantial shareholder in Amplitude Energy Limited, after a series of transactions in late January involving fully paid ordinary shares in the company executed by an entity controlled by Morgan Stanley. The change in substantial holding status adjusts Amplitude Energy’s share register and may signal a shift in the mix of its institutional investors, though the filing does not detail any change to the company’s underlying operations or strategy.
The most recent analyst rating on (AU:AEL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
Mitsubishi UFJ Financial Group’s asset management arm, First Sentier Group and a network of related entities, has filed notice that it has ceased to be a substantial shareholder in Amplitude Energy Ltd, an Australian-listed company. The change, lodged under Australia’s substantial holding provisions, indicates that the investor group’s voting power in Amplitude Energy has fallen below the reportable threshold, signaling an exit or major reduction of a once-significant institutional stake and potentially altering the company’s future shareholder base and governance dynamics.
The most recent analyst rating on (AU:AEL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
Amplitude Energy Limited has disclosed that investment manager L1 Capital Pty Ltd has ceased to be a substantial shareholder in the company, following changes in its relevant interest in Amplitude’s voting securities as recorded in a recent statutory notice. The move, formalised in a regulatory filing under Australia’s Corporations Act, signals a reduction in L1 Capital’s influence over Amplitude’s shareholder register and may alter the company’s institutional ownership profile and governance dynamics as the energy firm continues to engage with the market.
The most recent analyst rating on (AU:AEL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
Mitsubishi UFJ Financial Group (MUFG) has lodged a notice stating it has ceased to be a substantial holder in Amplitude Energy Limited, following a series of transactions dated 20 January 2026 involving purchases of Amplitude Energy fully paid ordinary shares by an entity controlled by Morgan Stanley. The change in substantial holding status signals a reshaping of Amplitude Energy’s share register, with MUFG’s influence as a major shareholder diminishing and Morgan Stanley–related entities increasing their exposure, a development that may alter the balance of institutional ownership and governance dynamics for existing investors.
The most recent analyst rating on (AU:AEL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
Amplitude Energy has begun drilling the Elanora-1 exploration well, the first well in its East Coast Supply Project, using the Transocean Equinox rig in the VIC/L24 permit area of the offshore Otway Basin, close to existing Casino, Henry, Netherby pipeline infrastructure. The well is targeting a gross mean prospective gas resource of 161 Bcf in the Waarre A reservoir, with Amplitude holding a 50% interest alongside joint venture partner O.G. Energy, and management highlighting a relatively high estimated chance of geological success that could underpin future tie-backs into the company’s established infrastructure and support gas supply to Australia’s East Coast domestic market. Drilling and evaluation of Elanora-1 are expected to run for several weeks before the well is plugged and a sidetrack is drilled into the nearby Isabella prospect, which, if successful, will be logged, flow-tested, and completed with a subsea tree for future development, potentially strengthening Amplitude’s resource base and strategic position in the tight East Coast gas market.
The most recent analyst rating on (AU:AEL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
First Sentier Group Limited and a wide network of related entities, including various First Sentier Investors businesses and Mitsubishi UFJ Financial Group affiliates, have lodged a formal notice that they have ceased to be substantial holders in Amplitude Energy Ltd as of 21 January 2026. The change indicates that this institutional investor group has reduced its holding in Amplitude Energy below the substantial shareholder threshold, potentially altering Amplitude Energy’s register composition and reducing the influence of these investors in shareholder voting and governance matters.
The most recent analyst rating on (AU:AEL) stock is a Buy with a A$4.25 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.
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.
Mitsubishi UFJ Financial Group, Inc. has filed a notice that it has ceased to be a substantial shareholder in Amplitude Energy Limited, following a series of on‑market transactions dated 16 January 2026 involving fully paid ordinary shares undertaken by entities controlled by Morgan Stanley. The shift in holdings, comprising multiple small purchases and larger sales of Amplitude Energy shares, alters the company’s substantial holder register and signals a reduction in Mitsubishi UFJ’s influence over shareholder voting, a change that may affect perceptions of the stock’s institutional support and the future composition of the company’s investor base.
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.
Mitsubishi UFJ Financial Group and related First Sentier Investors entities have filed a notice that they have ceased to be substantial shareholders in Amplitude Energy Ltd as of 16 January 2026. The change, formalised under Australian substantial holding rules, signals that a major institutional investor group has reduced its position below the reporting threshold, potentially altering Amplitude Energy’s share register composition and free float, and may influence market perceptions of institutional support and liquidity in the stock.
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.
Vanguard Group and its controlled entities have notified Amplitude Energy Limited that they have ceased to be a substantial shareholder in the company as of 23 December 2025. Following recent changes in Amplitude Energy’s issued voting shares, Vanguard’s holding has been diluted to 4.982% of the company’s voting power, formally dropping it below the substantial holder threshold and signalling a modest shift in the company’s institutional shareholder base.
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.
Mitsubishi UFJ Financial Group, Inc. has lodged a notice that it has ceased to be a substantial holder in Amplitude Energy Limited, following a series of transactions in the company’s fully paid ordinary shares through entities controlled by Morgan Stanley and First Sentier Group Limited. The change reflects a reallocation and unwinding of positions, including purchases, sales and collateral returns, that have reduced Mitsubishi UFJ’s voting power below the substantial holding threshold, signalling a notable shift in Amplitude Energy’s share register and potentially altering the balance of institutional influence over the company.
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.
Amplitude Energy Limited has reported the cessation of 8,832 performance rights (AELAI) after the conditional rights to securities lapsed because their vesting conditions were not met or became incapable of being satisfied as of 16 December 2025. The lapse slightly reduces the company’s pool of potential equity-based remuneration, which may marginally affect dilution expectations for shareholders but does not alter the company’s existing issued capital structure in a material way.
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.
Amplitude Energy Limited has applied to the Australian Securities Exchange (ASX) for quotation of 1,941,679 new fully paid ordinary shares, issued on 16 December 2025 under an employee incentive scheme. The move expands the company’s listed share capital and reflects its use of equity-based remuneration to attract and retain staff, aligning employees more closely with shareholder interests and potentially increasing liquidity in the stock.
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.
Amplitude Energy Limited announced a change in the director’s interest, with Jane Louise Norman acquiring 359,135 performance rights, bringing her total to 1,542,375 performance rights. This change was part of the company’s Equity Incentive Plan, which was approved by shareholders at the Annual General Meeting, indicating a strategic move to align management interests with company performance and shareholder value.
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.
Amplitude Energy Limited announced the issuance of 2,278,380 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions, reflecting the company’s strategy to incentivize employees and align their interests with long-term corporate goals.
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.
Amplitude Energy Limited addressed a query from the ASX regarding the late lodgement of an Appendix 3Y form, which was due to an administrative oversight. The company assured that its current processes are adequate to prevent future delays and ensure compliance with ASX Listing Rules, thus maintaining transparency and accountability in its operations.
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.
Amplitude Energy Limited announced a change in the director’s interest, with Jane Louise Norman acquiring an additional 25,018 performance rights. This increase is intended to neutralize the impact of the company’s recent equity raising initiative announced in September 2025, reflecting the company’s strategic financial adjustments.
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.
Amplitude Energy Limited announced the issuance of unquoted equity securities under an employee incentive scheme, including 34,274 share appreciation rights and 131,483 performance rights. These securities are subject to transfer restrictions and are not quoted on the ASX until the restrictions end, indicating a strategic move to incentivize employees and align their interests with the company’s growth objectives.
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.
Amplitude Energy Ltd has announced that Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in the company. This change in substantial holding is due to the purchase of securities by entities controlled by First Sentier Group Limited and Morgan Stanley, impacting the voting securities and potentially altering the company’s shareholder dynamics.
The most recent analyst rating on (AU:AEL) stock is a Buy with a A$3.25 price target. To see the full list of analyst forecasts on Amplitude Energy stock, see the AU:AEL Stock Forecast page.