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Metgasco Ltd (AU:MEL)
:MEL
Australian Market
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Metgasco Ltd (MEL) AI Stock Analysis

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AU:MEL

Metgasco Ltd

(Sydney:MEL)

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Underperform 37 (OpenAI - 4o)
Rating:37Underperform
Price Target:
Metgasco Ltd's overall stock score is significantly impacted by its poor financial performance, characterized by ongoing losses, financial instability, and cash flow challenges. The absence of technical analysis and valuation data further limits the assessment, resulting in a low overall score. Strategic improvements and financial restructuring are essential for enhancing the company's prospects.

Metgasco Ltd (MEL) vs. iShares MSCI Australia ETF (EWA)

Metgasco Ltd Business Overview & Revenue Model

Company DescriptionMetgasco Ltd (MEL) is an Australian energy company primarily engaged in the exploration and production of natural gas. The company focuses on the development of gas resources in the East Coast of Australia, particularly in the Cooper Basin and other regions, providing essential energy solutions. Metgasco is committed to sustainable practices and aims to contribute to the transition towards cleaner energy sources through its core operations in conventional and unconventional gas extraction.
How the Company Makes MoneyMetgasco generates revenue primarily through the sale of natural gas to domestic markets, including commercial and industrial customers. The company's revenue model is centered around the extraction and production of natural gas, which is then sold under various contracts and agreements. Key revenue streams include long-term gas supply contracts with utility companies and industrial clients, as well as spot market sales. Additionally, Metgasco may benefit from strategic partnerships with other energy firms and stakeholders that enhance its market reach and operational efficiency, contributing to its overall earnings. Factors such as gas pricing fluctuations, regulatory changes, and market demand for cleaner energy solutions also play a significant role in shaping the company's financial performance.

Metgasco Ltd Financial Statement Overview

Summary
Metgasco Ltd faces significant financial challenges. Despite revenue growth, it has negative net income and EBIT margins, negative equity indicating potential insolvency, and negative free cash flow, reflecting operational inefficiencies and reliance on external financing.
Income Statement
25
Negative
Metgasco Ltd's income statement shows a significant improvement in revenue from 2023 to 2024, with Total Revenue increasing from 475,836 to 2,374,148. However, profitability remains a concern with negative net income and EBIT margins. The firm has struggled to maintain positive gross profit margins, and the net profit margin is negative due to high operating costs and expenses. Despite revenue growth, the substantial negative EBIT and EBITDA margins indicate operational inefficiencies.
Balance Sheet
30
Negative
The balance sheet reveals high financial risk, with negative stockholders' equity in 2024, indicating potential insolvency issues. The debt-to-equity ratio is not calculable due to negative equity, and the equity ratio is also negative, reflecting financial instability. Total liabilities exceed total assets, further highlighting potential liquidity concerns.
Cash Flow
20
Very Negative
Cash flow analysis shows improvement in free cash flow from 2023 to 2024, yet it remains negative, indicating challenges in generating cash from operations. The operating cash flow to net income ratio is unfavorable, reflecting inefficiencies in converting sales into cash. Investing and financing activities have supported cash flows, but reliance on external financing is evident.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.16M2.16M2.37M475.84K0.000.00
Gross Profit-12.31K-177.28K1.14M-286.00K-861.00-1.29K
EBITDA-103.44K-1.25M-11.78M-1.34M-6.11M-1.18M
Net Income-3.27M-3.27M-13.20M-1.53M-6.11M-1.18M
Balance Sheet
Total Assets9.76M9.76M9.16M18.05M17.28M7.58M
Cash, Cash Equivalents and Short-Term Investments1.12M1.12M880.61K642.16K3.64M731.64K
Total Debt4.30M4.30M2.66M771.41K0.000.00
Total Liabilities12.35M12.35M9.45M6.78M6.98M683.89K
Stockholders Equity-2.58M-2.58M-291.79K11.27M10.30M6.89M
Cash Flow
Free Cash Flow-2.79M-746.97K-2.33M-7.56M-6.13M-5.54M
Operating Cash Flow-651.81K-651.81K-282.74K-1.37M2.85M-986.92K
Investing Cash Flow-2.01M-2.01M-2.05M-6.19M-8.81M-2.41M
Financing Cash Flow2.90M2.90M2.57M4.56M9.03M3.80M

Metgasco Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$15.17B7.614.09%5.20%3.87%-62.32%
AU$6.16M-9.49%-16.79%-205.26%
AU$5.65M-7.32%90.70%
-9.10%79.65%
-30.63%-32.65%-66.67%
AU$4.92M-1.04
AU$6.36M-1.72-1481.88%36.96%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MEL
Metgasco Ltd
AU:BUY
Bounty Oil & Gas NL
AU:WBE
Whitebark Energy Ltd
0.01
0.00
0.00%
AU:GLL
Galilee Energy Limited
0.01
0.00
0.00%
AU:SHE
Stonehorse Energy Ltd
AU:IPB
IPB Petroleum Ltd.

Metgasco Ltd Corporate Events

Metgasco Reports Interim Results of Production Uplift Project Phase 2
Oct 17, 2025

Metgasco Ltd has announced interim results from the second phase of its Production Uplift Project in the Vali gas field, reporting a total raw gas production of 2.4 MMscfd. The company is encouraged by the initial results from the Toolachee Formation in Vali-2, despite challenges in Vali-1, and anticipates further operations at Vali-3 in November. The ongoing project aims to enhance production rates and assess the potential of the Toolachee Formation, with implications for increased output and operational efficiency.

Vintage Energy Reports Interim Results of Production Uplift Program
Oct 17, 2025

Vintage Energy Ltd, in collaboration with Metgasco Ltd and Bridgeport (Cooper Basin) Pty Ltd, is progressing with the second phase of its Production Uplift Program in the Southern Flank gas fields, focusing on the Toolachee Formation in the Vali gas field. The interim results indicate some gas flow from the Toolachee Formation, though stable production has not yet been established. The Vali-2 well shows promising signs of increased gas flow once residual liquids are cleared, while Vali-3 is preparing for further dewatering operations. Production from the Southern Flank fields continues at a rate of 2.4 MMscf/d, with Odin contributing significantly.

Metgasco Expands Gas Production to Meet Eastern Australia’s Demand
Sep 10, 2025

Metgasco Ltd announced the production activities from two gas fields, Odin and Vali, which are now supplying the undersupplied Eastern Australian market. The Odin Field has been producing since September 2023, with Odin-2 expected to come online in October 2024, while the Vali Field has been operational since February 2023. This development is significant for Metgasco as it strengthens its position in the energy sector by addressing the regional gas supply shortage, potentially enhancing its market share and stakeholder value.

Metgasco Reports Positive Interim Results from Production Uplift Program
Sep 1, 2025

Metgasco Ltd has reported interim results from its Production Uplift Program at the Odin and Vali gas fields, which have shown promising outcomes. The first phase of the program, which involved the removal of scale from wells and pipelines, has led to an increase in raw gas production from 2.5 MMscfd to 2.9 MMscfd. The company has successfully managed to keep capital expenditures within budget, and the results have demonstrated the effectiveness of scale removal in enhancing production and long-term performance. The second phase of the project is anticipated to commence in September, with further operations required to fully assess the potential benefits.

Vintage Energy Reports Positive Initial Results from Production Uplift Program
Sep 1, 2025

Vintage Energy Ltd, in collaboration with Metgasco Ltd and Bridgeport (Cooper Basin) Pty Ltd, has reported on the initial results of its Production Uplift Program at the Odin and Vali gas fields. The program, which commenced in July after flooding in the Cooper Basin, aims to enhance gas production by addressing scale accumulation in wells. Phase 1 of the program has been completed, with significant scale removal at Odin-1, Odin-2, and Vali-1, leading to increased production rates. The program remains on budget, and the company is optimistic about further improvements in production and long-term performance. Phase 2 is set to begin in September, focusing on further scale management and production optimization.

Metgasco Ltd Reports Quarterly Decline but Initiates Production Uplift Program
Jul 31, 2025

Metgasco Ltd reported a decrease in gas production and sales revenue for the quarter ending June 2025, with total raw gas production from the Odin and Vali fields reaching 100 MMscf in May, the highest since January 2025. Despite a 4% drop in sales revenue compared to the previous quarter, the company initiated a Production Uplift Program aimed at enhancing production, sales, and cash generation. The program is expected to positively impact the company’s financial performance in the upcoming quarter, supported by funds raised through a shareholder entitlement offer.

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.Date of analysis: Oct 19, 2025