Amplitude's 1Q Looks Strong, Could Support Guidance Upgrade
Dow Jones07:01
2301 GMT - Amplitude Energy served up a very strong operational quarter in 1Q, says its bull at Euroz Hartleys. Quarterly output of 7.51 petajoules equivalent was a record for the company. Revenue of A$83.3 million was up 18% on quarter. "The current production run-rate could support an upgrade to FY27 production guidance" of 26.6 million-28.5 million barrels of oil equivalent, analyst Declan Bonnick says. Another standout was Amplitude's net debt of A$31.1 million at the end of September. That was down A$6.7 million on the June quarter and was achieved despite significant capex, Euroz Hartleyss ays. Amplitude's stock is shaping for a 4.7% rise early Monday to A$1.89.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments