Central Petroleum Limited (AU:CTP)
ASX:CTP
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Central Petroleum Limited
(Sydney:CTP)
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Rating:70Outperform
Price Target:
AU$0.11
▲(76.67% Upside)
Action:UpgradedDate:03/06/26
The score is driven by attractive valuation (low P/E) and constructive technical momentum (price above key moving averages with positive MACD), reinforced by a strong earnings-call turnaround and shareholder-return initiatives. Offsetting these positives, the financial statements still show pressure on profitability (lower net margin) and weaker free cash flow generation.
Positive Factors
Revenue & Price Recovery
Sustained revenue growth driven by higher realized gas prices and stronger contract pricing improves long-term cash generation potential. Over 2-6 months this supports funding of development, lowers reliance on external financing, and validates commercial strategy in core basins.
Negative Factors
Falling Net Profit Margin
A material drop in net margin indicates rising costs or one-off charges that erode profitability even as revenue grows. Persistently lower margins reduce retained earnings, constrain reinvestment, and make returns more sensitive to commodity or operating cost shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Price Recovery
Sustained revenue growth driven by higher realized gas prices and stronger contract pricing improves long-term cash generation potential. Over 2-6 months this supports funding of development, lowers reliance on external financing, and validates commercial strategy in core basins.
Read all positive factors
Central Petroleum Limited (CTP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$65.49M
Dividend YieldN/A
Average Volume (3M)391.90K
Price to Earnings (P/E)―
Beta (1Y)<0.01
Revenue Growth17.42%
EPS Growth-38.46%
CountryAU
Employees81
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding752,764,000
10 Day Avg. Volume295,631
30 Day Avg. Volume391,903
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)1.03
Price to Sales (P/S)0.97
P/FCF Ratio7.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.01
Revenue Forecast (FY)AU$47.00M
Central Petroleum Limited Business Overview & Revenue Model
Company Description
Central Petroleum Limited engages in the development, production, processing, and marketing of hydrocarbons in Australia. It holds interests in various oil and gas properties comprising 181,743 square kilometers of exploration area located in the ...
How the Company Makes Money
Central Petroleum makes money primarily by producing and selling natural gas and associated liquids (where applicable) from its operated and non-operated upstream assets. Revenue is generated through gas sales under supply arrangements with custom...
Central Petroleum Limited Earnings Call Summary
Earnings Call Date:Sep 17, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Sep 22, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong operational and financial achievements, with significant profit turnaround, revenue growth, and shareholder returns. Despite some challenges such as oil offtake constraints and long-term market uncertainties, the company's strategic initiatives and financial health position it well for future growth.Positive Updates
Strong Operational and Financial Progress
Central Petroleum achieved significant milestones, including a multiyear gas sales agreement, two new production wells completed ahead of schedule and under budget, and a debt restructuring extending to 2030, enhancing financial flexibility.
Negative Updates
Oil Offtake Constraints
Oil offtake was partially constrained in the fourth quarter, which affected gas production, though solutions have been implemented.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Operational and Financial Progress
Central Petroleum achieved significant milestones, including a multiyear gas sales agreement, two new production wells completed ahead of schedule and under budget, and a debt restructuring extending to 2030, enhancing financial flexibility.
Read all positive updates
Company Guidance
During the call, Central Petroleum's leadership provided extensive guidance on their fiscal performance and strategic direction for 2025. The company reported a statutory profit of $7.7 million, highlighting a significant turnaround from the previous year's underlying loss of $1.4 million. Revenues increased by 17% to $43.6 million, driven by a 19% rise in realized gas prices to $9.02 per gigajoule. Operational successes included the drilling and commissioning of two new Mereenie wells, which exceeded production expectations and were completed ahead of schedule and under budget. Financially, the company restructured its debt, extending amortization to 2030, and ended the fiscal year with a cash position of $27.5 million. Central Petroleum also announced its first-ever share buyback program and is considering sustainable dividends. Looking forward, they are focused on maintaining momentum through firm gas contracts, cost control, and exploration opportunities, including further drilling at Palm Valley and Mereenie and exploring high-potential prospects like Mount Kitty. The company aims to balance shareholder returns with long-term growth.Central Petroleum Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.88M | 43.63M | 37.15M | 39.26M | 42.15M | 59.83M |
| Gross Profit | 10.56M | 14.54M | 4.43M | 19.14M | 14.80M | 30.98M |
| EBITDA | 12.02M | 15.65M | 24.06M | 3.70M | 32.39M | 18.43M |
| Net Income | 4.51M | 7.73M | 12.42M | -7.96M | 21.32M | 251.00K |
Balance Sheet | ||||||
| Total Assets | 108.58M | 114.01M | 103.64M | 98.13M | 122.29M | 174.17M |
| Cash, Cash Equivalents and Short-Term Investments | 29.36M | 27.47M | 24.98M | 13.83M | 21.65M | 37.16M |
| Total Debt | 26.55M | 26.05M | 24.21M | 28.15M | 31.81M | 68.32M |
| Total Liabilities | 69.56M | 73.11M | 71.08M | 78.74M | 95.76M | 170.48M |
| Stockholders Equity | 39.03M | 40.91M | 32.55M | 19.39M | 26.53M | 3.69M |
Cash Flow | ||||||
| Free Cash Flow | 6.20M | 5.78M | 3.92M | -4.91M | -7.15M | 17.65M |
| Operating Cash Flow | 14.64M | 14.30M | 6.86M | -2.06M | 3.64M | 24.14M |
| Investing Cash Flow | -8.13M | -10.11M | 9.45M | -1.50M | 17.41M | -8.04M |
| Financing Cash Flow | -514.00K | -1.70M | -5.15M | -4.27M | -36.56M | -4.85M |
Central Petroleum Limited Technical Analysis
Positive
0.06
Price Trends
0.08
Positive
0.07
Positive
0.06
Positive
Market Momentum
<0.01
Positive
55.86
Neutral
63.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CTP, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.08, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.86 is Neutral, neither overbought nor oversold. The STOCH value of 63.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CTP.
Central Petroleum Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$65.49M | -6.85 | 11.28% | ― | 17.42% | -38.46% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | AU$42.88M | 1.95 | 4.88% | ― | 53.56% | -67.96% | |
50 Neutral | AU$172.70M | -13.93 | -120.28% | ― | -100.00% | -2093.33% | |
49 Neutral | AU$168.87M | -54.89 | -2.89% | ― | ― | -20.00% | |
44 Neutral | AU$41.94M | -29.16 | -15.00% | ― | ― | 40.00% | |
40 Underperform | AU$51.50M | -9.62 | -34.32% | ― | ― | ― |
* Energy Sector Average
AU:CTP
Central Petroleum Limited
0.09
0.01
17.57%
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Brookside Energy
0.45
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NuEnergy Gas Limited
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0.07
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Jade Gas Holdings Limited
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AU:TDO
3D Oil Limited
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-0.04
-30.43%
Central Petroleum Limited Corporate Events
Horizon Oil Extends Deadline for Mereenie Gas Sales Deal
Mar 2, 2026
Horizon Oil and its Mereenie Joint Venture partners have reached an agreement with the Northern Territory’s Power and Water Corporation to extend the deadline for finalising a binding gas sales agreement. The execution date has been moved fr...
Central Petroleum Wins Extension to Finalise NT Gas Sales Deals
Mar 2, 2026
Central Petroleum and its Mereenie and Palm Valley joint venture partners have secured an extension from Northern Territory’s Power and Water Corporation to finalise binding gas sales agreements. The deadline has been pushed from 2 March 202...
Horizon Oil Wins Extension to Finalise Mereenie Gas Sales Deal
Feb 20, 2026
Horizon Oil and its Mereenie Joint Venture partners have secured a short extension to finalise a long-term gas sales agreement with the Northern Territory’s Power and Water Corporation. The deadline to execute the binding contract for gas fr...
Central Petroleum Extends Deadline to Finalise NT Gas Sales Agreements
Feb 20, 2026
Central Petroleum and its joint venture partners at the Mereenie and Palm Valley gas fields have secured an extension from Northern Territory utility Power and Water Corporation to finalise binding gas sales agreements. The deadline to execute the...
Central Petroleum to Detail Growth Push in Investor Webinar
Feb 9, 2026
Central Petroleum will host an online investor update on 12 February 2026 to brief the market on recently announced strategic and commercial initiatives. The session will be led by the managing director, chief operating officer and chief financial...
Central Petroleum Secures Long-Term Gas Deals and Expands Exploration Footprint
Jan 30, 2026
Central Petroleum has reported a strategically significant December quarter, securing a government-backed long-term gas supply framework that, once converted into binding agreements, is expected to provide up to 25.5 petajoules of gas through 2034...
Central Petroleum Completes Otway and Cooper Basin Deal, Plans Enterprise North Drilling
Jan 27, 2026
Central Petroleum has completed the acquisition of interests in conventional exploration permits in the onshore Otway and Cooper basins from ADZ Energy, securing a 20% stake in Victoria’s PEP 169 and a 49% interest in multiple petroleum rete...
Central Petroleum Deal for Cooper and Otway Basins Turns Unconditional
Jan 19, 2026
Central Petroleum Limited has confirmed that its previously announced transaction with ADZ Energy to expand into the Cooper and Otway basins has become unconditional, with all conditions precedent now satisfied and completion scheduled for 23 Janu...
Central Petroleum Appoints New Director With No Current Equity Interests
Jan 16, 2026
Central Petroleum Limited has appointed Joel Lynn Riddle as a director effective 12 January 2026, and has lodged the required initial director’s interest notice with the ASX. The filing confirms that Riddle currently holds no relevant intere...
Central Petroleum Provides Daily Update on Ongoing On‑Market Share Buy-Back
Jan 15, 2026
Central Petroleum Limited has provided an update on its on‑market share buy-back program for its ordinary fully paid shares listed on the ASX under the code CTP. The company reported that, as of 15 January 2026, it had repurchased a cumulati...
Central Petroleum Reports Daily Progress on On‑Market Share Buy‑Back
Jan 14, 2026
Central Petroleum Limited has updated the market on its ongoing on‑market share buy-back program for its ordinary fully paid shares, reporting that a total of 1,727,130 shares had been repurchased before the previous trading day, with a furt...
Central Petroleum Updates Daily On-Market Share Buy-Back Activity
Jan 13, 2026
Central Petroleum Limited has disclosed an update to its on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code CTP. The company reported that a total of 1,498,130 shares had been repurchased prior to ...
Central Petroleum Updates On-Market Share Buy-Back Activity
Jan 12, 2026
Central Petroleum Limited, an Australian oil and gas producer listed on the ASX under the code CTP, operates through its ordinary fully paid shares, which form the basis of its capital market presence. The company has provided an update on its on-...
Central Petroleum Issues Daily Update on Ongoing On-Market Share Buy-Back
Jan 9, 2026
Central Petroleum Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As of 9 January 2026, the company reports that it has repurchased a cumulative tot...
Central Petroleum Updates Market on Progress of On-Market Share Buy-Back
Jan 8, 2026
Central Petroleum Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares (CTP), reporting that a total of 799,500 shares had been bought back prior to the latest t...
Central Petroleum Adds Former Tamboran CEO Joel Riddle to Board
Jan 7, 2026
Central Petroleum Limited has appointed experienced upstream executive Joel Riddle as a non-executive director, effective 12 January 2026, following a formal search process. Riddle, who previously led Tamboran Resources’ transformation into ...
Central Petroleum Updates Market on Daily Progress of On-Market Share Buy-Back
Dec 23, 2025
Central Petroleum Limited has provided an update on its on-market share buy-back program, confirming that it repurchased 799,500 ordinary fully paid shares on the previous trading day, bringing the cumulative total bought back from zero prior to t...
Central Petroleum Targets Growth With Strategic Entry Into Otway and Cooper Basins
Dec 22, 2025
Central Petroleum Limited has agreed to acquire interests in highly prospective exploration acreage in the onshore Otway and Cooper Basins from ADZ Energy, marking a strategic multi‑basin expansion of its Australian conventional oil and gas ...
Central Petroleum Reshapes Sub-Salt Permit Sale, Retains Helium Unit and Books Impairment
Dec 19, 2025
Central Petroleum has amended its recently announced sale of several Northern Territory sub-salt exploration permits to Georgina Energy, removing EP82, which contains the smaller Magee/Mahler prospects, from the transaction and retaining ownership...
Central Petroleum Increases Share Rights Holding of Non-Executive Director Hirschfeld
Dec 18, 2025
Central Petroleum Limited has reported a change in the interests of non-executive director Katherine Anne Hirschfeld, who has been issued 325,729 additional share rights (CTPAA) at no consideration under the company’s Employee Rights Plan an...
Central Petroleum Issues Additional Share Rights to Non-Executive Director
Dec 18, 2025
Central Petroleum Limited has announced a change in the interests of non-executive director Stephen William Gardiner, reflecting an increase in his equity-linked exposure to the company. Gardiner has been issued 325,729 additional share rights und...
Central Petroleum Increases Managing Director’s Equity Through Long-Term Incentive Grant
Dec 18, 2025
Central Petroleum Limited has disclosed a change in the interests of Managing Director Leon Goss Devaney, who has been granted 6,120,198 additional CTPAA share rights at no cost, taking his holding to 19,272,752 CTPAA share rights alongside 8,050,...
Central Petroleum Issues Additional Share Rights to Non-Executive Director
Dec 18, 2025
Central Petroleum Limited has disclosed a change in director Agu Jan Kantsler’s interests, with the non-executive director being issued 606,217 CTPAA share rights at nil consideration. The new share rights, granted under the company’s ...
Central Petroleum Share Rights Lapse After Conditions Not Met
Dec 18, 2025
Central Petroleum Limited has announced the lapse of 44,454 share rights (CTPAA) after the conditions attached to these conditional rights were not met or became incapable of being satisfied, resulting in their cessation as of 18 December 2025. Th...
Central Petroleum Grants 7.4 Million Unquoted Share Rights Under Employee Scheme
Dec 18, 2025
Central Petroleum Limited has issued 7,377,873 unquoted share rights under its employee incentive scheme, effective 18 December 2025. The award of these unlisted equity securities is designed to align staff and executive interests with shareholder...
Horizon Oil to Boost Gas Production with New Drilling Program
Dec 15, 2025
Horizon Oil Limited and its Mereenie Joint Venture partners have signed a Letter of Intent with the Northern Territory’s Power and Water Corporation to accelerate the drilling of two new wells and establish long-term gas supply agreements. T...
Central Petroleum to Boost NT Gas Supply with New Drilling Program
Dec 15, 2025
Central Petroleum Limited and its joint venture partners have signed a Letter of Intent with the Northern Territory’s Power and Water Corporation to commence an accelerated drilling program for four new wells at Mereenie and Palm Valley. Thi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.