Central Petroleum Limited (AU:CTP)
ASX:CTP
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Central Petroleum Limited
(Sydney:CTP)
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Rating:58Neutral
Price Target:
AU$0.07
â–²(21.67% Upside)
Action:Downgraded
Date:04/12/26
The score is primarily held back by financial quality (weaker profitability, lower ROE, and declining free cash flow) and limited valuation support (negative P/E and no dividend yield data). These are partially offset by a moderately positive technical backdrop with price above key moving averages and positive MACD.
Positive Factors
Domestic gas asset base
Central operates onshore gas assets concentrated in NT and Queensland, providing direct access to Australia's domestic gas markets. This positioning supports stable offtake opportunities and long-term demand from local industry and utilities, underpinning predictable revenue streams over months.
Negative Factors
Falling net margin
Net margin halving year-over-year indicates rising costs, higher non-operating charges, or pricing pressure eroding bottom-line profitability. Persistent margin compression reduces retained earnings and constrains the company's ability to self-fund capex, dividends, or absorb commodity shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Domestic gas asset base
Central operates onshore gas assets concentrated in NT and Queensland, providing direct access to Australia's domestic gas markets. This positioning supports stable offtake opportunities and long-term demand from local industry and utilities, underpinning predictable revenue streams over months.
Read all positive factors
Central Petroleum Limited (CTP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$53.45M
Dividend YieldN/A
Average Volume (3M)391.90K
Price to Earnings (P/E)―
Beta (1Y)0.07
Revenue Growth29.92%
EPS Growth6000.00%
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 primarily makes money by selling natural gas produced from its onshore fields into Australian domestic markets under gas sales arrangements with customers (revenue generally linked to contracted volumes and agreed pricing terms)....
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
Neutral
0.06
Price Trends
0.08
Negative
0.08
Negative
0.07
Positive
Market Momentum
>-0.01
Positive
40.03
Neutral
62.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CTP, the sentiment is Neutral. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and below the 200-day MA of 0.07, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.03 is Neutral, neither overbought nor oversold. The STOCH value of 62.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$44.81M | -5.06 | 2.91% | ― | 14.68% | -3.39% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | AU$53.45M | -6.85 | 11.28% | ― | 29.92% | 6000.00% | |
50 Neutral | AU$131.85M | -5.55 | -39.21% | ― | ― | 25.71% | |
47 Neutral | AU$224.27M | -13.93 | -120.28% | ― | ― | -1161.54% | |
44 Neutral | AU$41.94M | -14.86 | -15.00% | ― | ― | 40.00% | |
42 Neutral | AU$65.25M | -54.89 | -1.80% | ― | ― | 50.00% |
* Energy Sector Average
AU:CTP
Central Petroleum Limited
0.07
<0.01
14.75%
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Central Petroleum Limited Corporate Events
Central Petroleum Director Agu Kantsler Increases On-Market Shareholding
May 22, 2026
Central Petroleum has disclosed a change in the interests of director Agu Jan Kantsler, who acquired 140,000 ordinary fully paid shares via an on-market trade on 22 May 2026. Following the transaction, Kantsler’s holdings now comprise 140,00...
Central Petroleum exits EP112 sale and refocuses on Mt Kitty helium and gas play
May 6, 2026
Central Petroleum has terminated its conditional agreement to sell its interests in Northern Territory sub-salt exploration permits EP112 and EP125 to Georgina Energy after sale conditions were not met, and has withdrawn from the EP112 joint ventu...
Central Petroleum lifts revenue, locks in long-term NT gas deal and plans 40% capacity boost
Apr 27, 2026
Central Petroleum reported March-quarter sales revenue of $11.3 million, up 8.7% on the prior quarter, driven by a 3% lift in gas sales to 1.1 PJ and a 5% rise in average gas prices to $10.06 per GJ under higher-priced and indexed contracts. The c...
Cue Energy locks in long-term NT gas deal and greenlights new Palm Valley wells
Apr 13, 2026
Cue Energy Resources has secured a binding multi-year gas sales agreement with the Northern Territory Government that will see up to 3.2 petajoules of gas supplied from its Palm Valley interest through to the end of 2034 on a fixed-price, CPI-link...
Central Petroleum signs NT gas deal to fund new Palm Valley wells
Apr 12, 2026
Central Petroleum has signed a binding multi-year gas sales agreement with the Northern Territory Government that will underpin the drilling of two new wells at the Palm Valley field, replacing a prior letter of intent with Power and Water Corpora...
Echelon JV Gas Deal with Northern Territory Triggers New Palm Valley Drilling
Apr 12, 2026
Echelon Resources’ Palm Valley joint venture has signed a gas supply agreement with the Northern Territory Government, enabling the drilling of two new wells in the Palm Valley permit OL3. The deal secures up to 10.5 PJ of gas net to the Ech...
Echelon Wins Extra Time to Seal NT Gas Supply Deals
Apr 1, 2026
Echelon Resources and its joint venture partners in the Mereenie and Palm Valley gas fields have agreed with the Northern Territory’s Power and Water Corporation to extend the deadline for executing binding gas supply agreements from 1 April...
Central Petroleum Wins Extension to Finalise NT Gas Sales Deals
Apr 1, 2026
Central Petroleum and its Mereenie and Palm Valley joint venture partners have secured an extension from the Northern Territory’s Power and Water Corporation to finalise binding gas sales agreements, pushing the deadline from 1 April to 10 A...
Central Petroleum Announces Departure of Director Joel Lynn Riddle
Apr 1, 2026
Central Petroleum Limited has announced that director Joel Lynn Riddle has ceased to be a director of the company as of 30 March 2026. According to the final director’s interest notice lodged with the ASX, Riddle held no relevant interests i...
Central Petroleum Director Resigns Ahead of U.S. Move
Mar 31, 2026
Central Petroleum has announced the resignation of director Joel Riddle, effective 30 March 2026, following his decision to relocate to the United States to take up a new full-time role. Chair Agu Kantsler thanked Riddle for his contribution to th...
Echelon Wins Brief Extension to Finalise NT Gas Supply Agreements
Mar 24, 2026
Echelon Resources Limited, listed on the ASX, holds significant non-operating stakes in the Mereenie and Palm Valley onshore gas fields in Australia’s Northern Territory. It partners with Central Petroleum, Cue Energy and Horizon Australia E...
Horizon Oil Secures Brief Extension on Mereenie Gas Sales Deal Deadline
Mar 24, 2026
Horizon Oil and its Mereenie Joint Venture partners have agreed with the Northern Territory’s Power and Water Corporation to extend the deadline to finalise a binding gas sales agreement from 24 March 2026 to 1 April 2026. The short extensio...
Central Petroleum Extends Deadline for NT Gas Sales Agreements
Mar 24, 2026
Central Petroleum and its Mereenie and Palm Valley joint venture partners have agreed with the Northern Territory’s Power and Water Corporation to extend the deadline for executing binding gas sales agreements from 24 March 2026 to 1 April 2...
Central Petroleum lifts underlying profit, reshapes portfolio with new gas contracts
Mar 13, 2026
Central Petroleum reported a strong underlying performance for the half year to 31 December 2025, with sales revenue up 17% to $22.1 million and underlying profit after tax rising 17% to $2.5 million, despite lower production volumes. A $4.2 milli...
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...
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.