Amplitude Energy's Lower Net Debt Helps Stock to Outperform

Dow Jones07-15

0117 GMT - Amplitude Energy's share price is up 2.6% to 1.38 Australian dollars after reporting new production records at its Orbost gas-processing plant in Australia. That leads it to outperform other ASX-listed energy stocks in early trading. Amplitude said Orbost this month set a new seven-day production record of 73.8 terajoules per day. Ord Minnett says this is a positive indicator of FY27 guidance. Amplitude's net debt position of A$37 million at the end of June was also lower than Ord Minnett expected. "This suggests either better cost controls or potentially positive working capital movements compared to our estimates," analyst Tim Elder says. Further detail on net debt should come at Amplitude's annual result next month. Ord Minnett had a A$2.60/share price target on Amplitude ahead of the 4Q update. (david.winning@wsj.com; @dwinningWSJ)

 

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July 14, 2026 21:17 ET (01:17 GMT)

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