Amplitude Energy's Guidance Looks in Line with Hopes

Dow Jones
08/18

0038 GMT - For Jarden, Amplitude Energy's FY 2027 guidance was the main focus of its annual result. Amplitude signaled output of 26.6-28.5 petajoules equivalent, in line with consensus hopes at the midpoint. It reflects strong operational performance at the Orbost facility. FY 2027 capex guidance of A$250 million-A$310 million beat Jarden's estimates. Analyst Nik Burns says this is largely a timing issue. "But we estimate East Coast Supply Project total costs are now at or above the top end of the prior range," Jarden says. The next key catalyst will likely be the Juliet exploration well result, Jarden says. That well is about to be drilled. "We carry no value for this well in our valuation but could potentially add A$0.34/share upside in the success case," Jarden says.

 

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