0113 GMT - Amplitude Energy's latest update should reassure investors about its growth plans, says Euroz Hartleys. Amplitude aims to develop the East Coast Supply Project at an estimated cost of A$380 million-A$455 million over FY 2026-FY 2028. Analyst Declan Bonnick says "the significantly improved Orbost production, now consistently operating at nameplate, should demonstrate to the market and provide belief that the company can fund" the ECSP project without needing new funds. Euroz Hartleys points to cash on hand of A$62.4 million, annual free cash flow generation of A$150 million, and existing debt facilities. "We argue there is little value for ECSP in the current share price, with the project set to double group revenue and triple earnings from FY 2024 levels," Euroz Hartleys says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 16, 2025 21:13 ET (01:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。