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Empire Energy Group Limited
(Sydney:BTL)
Empire Energy Group Limited (BTL) vs. iShares MSCI Australia ETF (EWA)
Empire Energy Group Limited Business Overview & Revenue Model
Empire Energy Group Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 1.02M | 6.09M | 13.72M | 8.50M | 6.46M |
| Gross Profit | -140.03K | -280.61K | 193.04K | 7.76M | 3.50M | 1.20M |
| EBITDA | -19.88M | -18.82M | -16.71M | -2.40M | -7.15M | -4.03M |
| Net Income | -21.13M | -21.32M | -22.08M | -6.00M | -11.05M | -7.68M |
Balance Sheet | ||||||
| Total Assets | 190.51M | 167.00M | 171.50M | 197.65M | 158.82M | 66.56M |
| Cash, Cash Equivalents and Short-Term Investments | 39.25M | 25.44M | 13.63M | 21.88M | 25.65M | 14.15M |
| Total Debt | 15.70M | 2.28M | 9.75M | 8.83M | 8.86M | 9.11M |
| Total Liabilities | 29.27M | 30.56M | 59.20M | 64.04M | 49.50M | 36.33M |
| Stockholders Equity | 161.25M | 136.44M | 112.30M | 133.61M | 109.32M | 30.24M |
Cash Flow | ||||||
| Free Cash Flow | -32.56M | -38.27M | -9.63M | -32.49M | -25.36M | -15.77M |
| Operating Cash Flow | -7.76M | -11.26M | -2.47M | 5.10M | -2.46M | -2.92M |
| Investing Cash Flow | -50.95M | -6.76M | -6.76M | -37.59M | -24.44M | -12.84M |
| Financing Cash Flow | 46.60M | 29.81M | 673.73K | 28.38M | 38.54M | 15.79M |
Empire Energy Group Limited Peers Comparison
Empire Energy Group Limited Corporate Events
Beetaloo Energy Australia Limited reported a net operating cash outflow of A$2.95 million for the December 2025 quarter, driven primarily by A$2.2 million in exploration and evaluation spending, along with staff and corporate costs. The company continued to invest heavily in its exploration portfolio, recording A$6.46 million in exploration and evaluation cash outflows within investing activities in the quarter (A$52.39 million year-to-date), underscoring its aggressive growth and appraisal strategy. These expenditures were partly offset by government-related refunds and credits and A$0.17 million in interest income, but overall operating and investing cash flows remained significantly negative. Liquidity was supported by earlier capital raisings and borrowings, with year-to-date financing inflows of A$56.9 million and a small net financing inflow of A$0.24 million in the quarter, helping the company to maintain a cash balance of A$27.14 million at the beginning of the period despite large exploration outlays. The figures highlight Beetaloo Energy’s capital-intensive exploration phase, with sustained reliance on equity and debt markets to fund operations, a key consideration for investors monitoring future funding needs and project milestones.
The most recent analyst rating on (AU:BTL) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
Beetaloo Energy has secured key federal and Northern Territory approvals enabling the sale of appraisal gas from EP187 and providing a clear regulatory pathway to commercial gas sales from its Beetaloo Basin assets. The board has taken a final investment decision on the Carpentaria Pilot Project, targeting first gas sales in late 2026, supported by strong performance from the Carpentaria-5H well, which delivered one of the highest 30-day average flow rates recorded in the basin and suggests higher-than-expected shale permeability that could enhance gas recovery and project economics. Early civil works for the Carpentaria Gas Plant have been completed, with piling and compressor installation scheduled in the coming months, while the company ended the quarter with $24.8 million in liquidity and expects a further $30 million in funding to be available following FID, underscoring its capacity to advance toward pilot production and strengthen its position in the emerging Beetaloo gas province.
The most recent analyst rating on (AU:BTL) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
Beetaloo Energy Australia Limited has lodged an application with the ASX for the quotation of 6,250 new ordinary fully paid shares, to be issued on 28 January 2026. The relatively small share issuance arises from the exercise or conversion of existing options or other convertible securities, marginally increasing the company’s quoted capital base and reflecting routine capital management rather than a major strategic shift for shareholders or the broader market.
The most recent analyst rating on (AU:BTL) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
Macquarie Group Limited and its controlled entities have lodged a notice that they have ceased to be substantial holders in Beetaloo Energy Australia Limited, indicating that their voting interest has fallen below the relevant disclosure threshold. The change in status, formalised in a Corporations Act Form 605 signed on 21 January 2026, underscores a withdrawal or significant reduction of Macquarie’s exposure to Beetaloo Energy, which may signal a shift in institutional investor support and could influence market perceptions of the company’s ownership structure and liquidity.
The most recent analyst rating on (AU:BTL) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
Beetaloo Energy has reported strong clean-up flow test results from its Carpentaria-5H shale gas well in the Beetaloo Basin, with a peak gas rate of 11.2 TJ/day, a 30-day average of 7.1 TJ/day and a low-decline exit rate of 6.3 TJ/day achieved through casing alone, without production tubing. The company’s revised, more conservative flowback strategy using restricted choke settings has significantly improved fracture conductivity compared with earlier Carpentaria wells, and early data indicate higher shale permeability and longer effective fracture lengths, which, alongside an independent estimate of 10 PJ of 2C gas resources per well in the area, point to stronger long-term productivity, improved project economics and support the planned start of pilot gas sales from the Carpentaria Gas Plant into the Northern Territory market in 2026.
The most recent analyst rating on (AU:BTL) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
Beetaloo Energy Australia Limited, listed on the ASX under the code BTL, is an Australian company with ordinary fully paid shares quoted on the exchange. Details about its specific industry, products, or services were not provided in the announcement.
The company has applied for quotation on the ASX of 1,224,988 additional ordinary fully paid shares, issued on 18 December 2025 following the exercise or conversion of options or other convertible securities. This issuance modestly increases Beetaloo Energy Australia’s quoted share capital, potentially improving liquidity in its stock and reflecting the uptake of previously granted equity instruments by investors or holders of convertible securities.
The most recent analyst rating on (AU:BTL) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
Beetaloo Energy has reached a Final Investment Decision (FID) for its Carpentaria Pilot Project, marking a significant milestone for the company. This decision follows agreements with the Northern Land Council, receipt of environmental approvals, and a Gas Sales Agreement with the NT Government. The project is expected to enhance energy security and economic prosperity in the Northern Territory and beyond, with gas sales commencing in 2026.
The most recent analyst rating on (AU:BTL) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
Beetaloo Energy has received final approval from the Northern Territory Government to proceed with pilot production and gas sales from EP187, marking a significant milestone as the first such approval on Aboriginal Freehold land. This approval allows the company to commence gas sales under a 10-year agreement with the NT Government and proceed with the construction of the Carpentaria Gas Plant, which will enhance energy security in the region by supplying gas to the local market. The development is expected to generate jobs and provide affordable energy, contributing to a gas-led economic recovery for the Northern Territory.
The most recent analyst rating on (AU:BTL) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
Beetaloo Energy Australia Limited has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). The company will be quoting 277,339 fully paid ordinary securities under the ASX code BTL, with an issue date set for December 9, 2025. This move is part of the company’s strategy to enhance its market presence and potentially attract more investors, thereby impacting its operational and financial positioning positively.
The most recent analyst rating on (AU:BTL) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
Beetaloo Energy has received Federal Ministerial approval for the sale of appraisal gas from EP187, following consent from the Traditional Owners and the Northern Land Council. This approval is a critical step towards obtaining final NT Government approval, enabling Beetaloo Energy to continue appraisal drilling and gas sales, which will supply the local NT market and generate royalties for the region.
The most recent analyst rating on (AU:BTL) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
Beetaloo Energy Australia Limited announced a change in its company secretary position, with Ms. Gillian Nairn resigning and being replaced by Ms. Sally Greenwood and Ms. Sally McDow as joint company secretaries. This change is significant as both new secretaries bring extensive experience and qualifications, which may enhance the company’s governance and communication with the ASX, potentially impacting its operational efficiency and stakeholder relations.
The most recent analyst rating on (AU:BTL) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
Beetaloo Energy Australia Limited has announced a new issuance of securities, with 62,218 ordinary fully paid shares to be quoted on the Australian Securities Exchange (ASX) under the code BTL. This move is part of the company’s strategic efforts to enhance its market presence and potentially increase its capital base, which could have implications for its operational capabilities and stakeholder interests.
The most recent analyst rating on (AU:BTL) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.
Beetaloo Energy has announced the arrival and setup of flow testing equipment at its Carpentaria-5H well site, with operations set to commence soon. The IP30 flow test, crucial for future well design and pilot production, was delayed due to third-party equipment availability and is expected to yield results by December 2025, impacting the company’s operational timeline and stakeholder expectations.
The most recent analyst rating on (AU:BTL) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Empire Energy Group Limited stock, see the AU:BTL Stock Forecast page.