Half Year 2025 Amplitude Energy Ltd Earnings Call Transcript
Key Points
- Amplitude Energy Ltd (COPJF) achieved a 21% increase in production, setting a new record for the company.
- The company reported a 26% increase in sales revenue, reaching $133.7 million, driven by higher production and gas prices.
- Amplitude Energy Ltd (COPJF) successfully completed the decommissioning of seven BMG wells, one of the largest restoration projects in recent Australian history.
- The company maintained exemplary safety and environmental performance, with no recordable injuries or environmental incidents in FY25.
- Amplitude Energy Ltd (COPJF) has a strong market position as the only pure play gas company in the increasingly tight Southeast Australian gas market.
- The company faces challenges with the Orbost plant, including ongoing engineering solutions to improve sulfur removal and reliability.
- There are uncertainties surrounding the completion of negotiations with OG Energy for joint venture partnerships.
- Amplitude Energy Ltd (COPJF) has incurred significant restoration payments, with $32.9 million related to the BMG wells decommissioning program.
- The company is exposed to potential risks from fluctuating spot gas prices, which could impact financial performance.
- There are ongoing discussions and uncertainties regarding the Minerva abandonment project and its associated costs.
Thank you for standing by, and welcome to the Amplitude Energy Limited FY25 half-year results webcast. (Operator Instructions)
I would now like to hand conference off to Ms. Jane Norman, Managing Director and Chief Executive Officer of Amplitude Energy. Please go ahead, ma'am.
Good morning, and thank you for joining us. This is Jane Norman, and I'm joined today by our Chief Financial Officer, Dan Young; and Chief Operating Officer, Chad Wilson. After today's presentation, we'll be hosting a Q&A session and we welcome your questions. The presentation and announcement were released to the ASX this morning and are available on the Amplitude Energy website.
Today's precast is being recorded and a playback will be available on our website later today. Please note the disclaimer information on slide 2 of the presentation before moving on to slide 3. I'll start today by reflecting on our accomplishments through the first half of FY25.
Today's results are
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
