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Strike Energy Limited
(Sydney:STX)
Strike Energy Limited (STX) vs. S&P 500 (SPY)
Strike Energy Limited Business Overview & Revenue Model
Strike Energy Limited Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 45.60M | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 20.55M | -1.07M | -1.16M | -324.00K | -212.00K | EBIT |
| -1.35M | -15.64M | -11.38M | 1.40M | -8.21M | EBITDA |
| 9.17M | -13.57M | -10.44M | -81.00K | -97.10M | Net Income Common Stockholders |
| 8.58M | -18.36M | -15.73M | 6.78M | -97.41M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 38.91M | 129.04M | 13.90M | 74.72M | 21.57M | Total Assets |
| 527.19M | 341.87M | 158.75M | 164.08M | 60.52M | Total Debt |
| 23.90M | 30.73M | 18.46M | 6.05M | 371.00K | Net Debt |
| -14.85M | 7.85M | 4.55M | -68.68M | -21.19M | Total Liabilities |
| 74.75M | 55.03M | 41.87M | 25.96M | 23.51M | Stockholders Equity |
| 452.44M | 286.85M | 116.87M | 138.13M | 37.01M |
| Cash Flow | Free Cash Flow | |||
| -77.12M | -79.66M | -62.53M | -28.82M | -19.73M | Operating Cash Flow |
| 21.59M | -12.17M | -9.19M | 2.98M | -2.94M | Investing Cash Flow |
| -98.71M | 68.24M | -63.78M | -41.92M | -16.80M | Financing Cash Flow |
| -13.17M | 59.21M | 12.25M | 92.07M | 29.95M |
Strike Energy Limited Technical Analysis
Strike Energy Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $19.05B | 10.20 | 7.94% | 6.00% | -7.99% | -12.27% | |
62 Neutral | $18.40B | 12.89 | 14.75% | 5.47% | 8.09% | -13.99% | |
56 Neutral | $2.69B | 28.59 | 2.70% | 4.31% | 6.43% | ― | |
56 Neutral | $6.93B | 3.23 | -4.86% | 5.94% | 0.12% | -48.32% | |
47 Neutral | $196.80M | 19.30 | 3.89% | ― | ― | ― | |
45 Neutral | AU$516.04M | 57.35 | -4.01% | ― | 801.92% | -985.71% |
Strike Energy Limited Corporate Events
Strike Energy Limited announced that it will release its quarterly report for the March 2025 quarter on April 28, 2025. The report will be presented by the Executive Director and Acting CEO, Jill Hoffmann, during a webinar, which will include a live Q&A session with analysts. This announcement signifies the company’s commitment to transparency and engagement with stakeholders.
Echelon Resources Limited announced that the Becos-1 well in the Perth Basin, drilled by the EP437 joint venture, did not encounter economically viable hydrocarbons and has been plugged and abandoned. Despite the disappointing outcome, the company remains committed to evaluating the results to inform future exploration strategies. The joint venture, which includes Triangle Energy and Strike Energy, will assess the impact of this result on the prospectivity of the blocks involved. Triangle Energy, the operator, highlighted the complexities of the hydrocarbon system in the region but remains optimistic about future exploration opportunities.
Strike Energy Limited announced that the Becos-1 exploration well in the north Perth Basin reached its total depth without discovering commercial hydrocarbons. The well, drilled under the EP437 joint venture led by Triangle Energy Global Ltd., was completed ahead of schedule and within budget, but has been plugged and abandoned due to the lack of viable hydrocarbon findings. This outcome may impact Strike Energy’s exploration strategy and its stakeholders’ expectations regarding future resource development in the region.
Triangle Energy (Global) Ltd announced that the Becos-1 exploration well in the Perth Basin did not find hydrocarbons in economically viable quantities and has been plugged and abandoned. Despite this setback, the company remains optimistic about its prospects in the region and is financially positioned to pursue future exploration and new ventures, bolstered by an expected $18 million from the sale of its Cliff Head Assets.
Triangle Energy Global Ltd, in collaboration with Strike Energy Ltd and Echelon Resources Ltd, has commenced drilling the Becos-1 exploration well in the Perth Basin. The well targets the Bookara Sandstone horizon, with a prospective resource estimate ranging from 1 to 21 million barrels. The drilling aims to reach a total depth of 1,164 meters, with a geological chance of success of 20%. This development could potentially enhance Triangle Energy’s resource base and impact its market positioning in the energy sector.
Strike Energy Limited has secured a $217 million financing package from Macquarie Bank, with $162 million already committed. This funding will be used to refinance existing debt and develop the South Erregulla Peaking Gas Power Station, where construction preparations have started. The announcement marks a significant step in Strike’s operational expansion, potentially strengthening its position in the energy market by enhancing its infrastructure capabilities.
Strike Energy Limited has released a presentation at the Euroz Hartleys Rottnest Conference, highlighting the company’s current activities and investment considerations. The presentation emphasizes the risks associated with investing in Strike Energy, including market volatility and uncertainties related to future operations. Stakeholders are advised to conduct thorough due diligence and seek professional advice before making investment decisions.
Strike Energy Limited reported a strong operational performance in its half-year financial results for FY25, with significant milestones including the final investment decision for the South Erregulla gas power station and a major gas discovery at Erregulla Deep-1. The company generated $35.8 million in sales revenue from gas and condensate production, maintaining low production costs. Despite a reported underlying loss after tax, the company is advancing its Gas Acceleration Strategy, supported by a financing package from Macquarie Bank, and is poised to capitalize on opportunities presented by Western Australia’s relaxed export ban.
Strike Energy Limited has released its financial report for the half-year ended 31 December 2024. The report includes various financial statements and declarations, providing insights into the company’s financial performance over the period. This release is crucial for stakeholders as it offers a comprehensive view of the company’s financial health and operational efficiency, potentially impacting investment decisions and market positioning.
Strike Energy Limited announced the cessation of 6,037,483 performance rights, which were canceled by mutual agreement between the entity and the holder as of February 14, 2025. This announcement may indicate strategic adjustments in the company’s capital management and could have implications for its financial structuring and stakeholder interests.