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)
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