2357 GMT - Macquarie lowers its pricing assumptions for Amplitude Energy's uncontracted natural gas to 10 Australian dollars/GJ in FY27. That reflects structural oversupply in the market as the government requires 20% of gas output to be channeled into the domestic market. Macquarie trims its FY26 EPS forecast by 9.6%, even as it highlights that 80% of Amplitude's 2026 gas volumes are under contract. Its FY27 and FY28 EPS forecasts fall by 9.6% and 8.2%, respectively, due to lower gas-pricing assumptions. Macquarie rates Amplitude's stock at outperform. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 15, 2026 19:57 ET (23:57 GMT)
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