AMPLITUDE ENERGY LIMITED (AEL)
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AEL

AEL - AMPLITUDE ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: 1.73
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.24

27 Oct
2025

0.005

OPEN

$0.24

2.13%

HIGH

$0.24

1,864,215

LOW

$0.23

TARGET
$0.323 34.7% upside
OTHER COMPANIES IN THE SAME SECTOR
ALD . BHP . BPT . BRU . CRD . CVN . FAR . HE8 . HZN . KAR . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
AEL: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 1.5 1.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 16.4 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-1.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx268.1 M
Book Value Per Share xxxxxxxxxxxxxxx14.0
Net Operating Cash Flow xxxxxxxxxxxxxxx89.3 M
Net Profit Margin xxxxxxxxxxxxxxx-15.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-10.41 %
Return on Invested Capital xxxxxxxxxxxxxxx-6.13 %
Return on Assets xxxxxxxxxxxxxxx-2.97 %
Return on Equity xxxxxxxxxxxxxxx-10.41 %
Return on Total Capital xxxxxxxxxxxxxxx7.44 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx55.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx300 M
Total Debt xxxxxxxxxxxxxxx300 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx62 M
Price To Book Value xxxxxxxxxxxxxxx1.48

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx75.3 M
Capex % of Sales xxxxxxxxxxxxxxx28.08 %
Cost of Goods Sold xxxxxxxxxxxxxxx202 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx16 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

28/10/2025

1

Buy

$0.28

16.67%

Bell Potter notes Amplitude Energy's September quarter (1Q26) production came in at 6.85PJe (74TJe/day) vs its forecast of 6.7PJe. Gas sales were, in line with expectations, though revenue missed due to flat q/q gas prices at $10.16/GJ.

The Orbost plant performed strongly at 65TJ/day, awaiting approval to exceed 68TJ/day, while the Otways output declined naturally.

The broker notes a minor delay in the East Coast Supply Project (ECSP) JV, which is now expected to spud in January 2026. Net debt is seen around $229m post-$150m equity raising.

FY26 guidance for production is 69-74TJe/day, opex $50-54m and capex $125–150m, mainly due to ECSP capex of $110–130m.

The broker trimmed FY26 EPS forecast by -13% after lowering net profit estimate, with no change to FY27-28.

Buy. Target unchanged at 28c.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.60 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.90 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

29/09/2025

1

Buy

$0.34

41.67%

Amplitude Energy has strengthened its balance sheet with a $150m raising to fund drilling of the Nestor gas prospect.

Nestor is a high-probability Otway Basin target, highlights Canaccord Genuity, close to infrastructure, capable of lifting East Coast Supply Project output by 20-30 TJ/d or extending plateau production by two years. The rig is secured and drilling is scheduled for 1H 2027.

The broker points out net spend of around -$160m in FY26 and -$260m in FY27 will lift net debt beyond $240m, but long-term gas demand and tightening supply underpin the strategy.

Canaccord retains a Buy rating and 34c target price.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.30 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.60 cents.
Access Extra Coverage Research History >

AEL STOCK CHART

FNArena News on AEL

1
Australian Broker Call *Extra* Edition – Sep 29, 2025

Sep 29 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Aug 25, 2025

Aug 25 2025 - Daily Market Reports
3
FNArena Corporate Results Monitor – 21-08-2025

Aug 21 2025 - Australia
4
Australian Broker Call *Extra* Edition – Aug 21, 2025

Aug 21 2025 - Daily Market Reports
5
Rudi’s View: Taking Stock Ahead Of August

Jul 30 2025 - Rudi's View

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