Metgasco Ltd (MEL) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): N/A
• Revenue Growth: -9.10%
• EPS Growth: 79.65%
• Country: AU
• Employees: 3,000
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: N/A
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.01
• Price to Book (P/B): -1.14
• Price to Sales (P/S): 1.36
• P/FCF Ratio: -3.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 37 Underperform
• 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 Business Overview & Revenue Model

Company Description

Metgasco 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 Money

Metgasco 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

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

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

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.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.16M	2.16M	2.37M	475.84K	0.00	0.00
Gross Profit	-12.31K	-177.28K	1.14M	-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 Assets	9.76M	9.76M	9.16M	18.05M	17.28M	7.58M
Cash, Cash Equivalents and Short-Term Investments	1.12M	1.12M	880.61K	642.16K	3.64M	731.64K
Total Debt	4.30M	4.30M	2.66M	771.41K	0.00	0.00
Total Liabilities	12.35M	12.35M	9.45M	6.78M	6.98M	683.89K
Stockholders Equity	-2.58M	-2.58M	-291.79K	11.27M	10.30M	6.89M
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	-1.37M	2.85M	-986.92K
Investing Cash Flow	-2.01M	-2.01M	-2.05M	-6.19M	-8.81M	-2.41M
Financing Cash Flow	2.90M	2.90M	2.57M	4.56M	9.03M	3.80M

Metgasco Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SHE	―	AU$6.16M	―	-9.49%	―	-16.79%	-205.26%
IPB	―	AU$5.65M	―	-7.32%	―	―	90.70%
MEL	―	―	―	―	―	-9.10%	79.65%
BUY	―	―	―	-30.63%	―	-32.65%	-66.67%
WBE	―	AU$4.92M	-1.04	―	―	―	―
GLL	―	AU$6.36M	-1.72	-1481.88%	―	―	36.96%

Metgasco Ltd Corporate Events

Metgasco Reports Interim Results of Production Uplift Project Phase 2

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

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

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

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

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

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.