• Strong quarterly group production of 6.86 PJe
• Record revenue of $74.1 million and average realised gas price of $10.74/GJ
• Orbost Gas Processing Plant production capacity increased above prior nameplate capacity

Amplitude Energy continued its strong operational and financial momentum in Q3 FY26. Quarterly gas and oil production was 6.86 PJe, slightly lower than the prior quarter mainly due to reduced Otway Basin production from a planned offshore maintenance campaign. However, the Orbost Gas Processing Plant (OGPP) demonstrated the ability to run at levels above 70 TJ/day and set new production records during the quarter. The company expects further production improvements from the OGPP in Q4. In the Otway Basin, the first well of the East Coast Supply Project (ECSP) drilling campaign encountered mixed results, but Amplitude Energy remains excited about the remainder of the programme and the project remains on track for first gas by CY2028. The company signed two foundation gas sales agreements for ECSP production with major customers EnergyAustralia and AGL Energy. Amplitude Energy achieved record quarterly revenue of $74.1 million, up 3% on the prior quarter, driven by a 4% increase in the average realised gas price to $10.74/GJ. The company continued to prioritise sales into the highest priced domestic spot markets. Capital expenditure in Q3 FY26 was $79.8 million, primarily for the ECSP drilling campaign. Amplitude Energy ended the quarter with $96.0 million in cash and $39.2 million in net debt.

Amplitude Energy's group production is already tracking towards the upper end of its recently-upgraded guidance of 73-77 TJe/day for FY26, with strong potential for further improvement into the end of the financial year.

The company remains excited about the remainder of the ECSP drilling programme and expects to receive the Transocean Equinox rig back in 2H CY2026 to undertake the committed Juliet exploration and Annie development wells. A final investment decision for the development phase of the ECSP will follow the drilling of subsequent wells, expected in 2H CY2026.