Quarterly Activities Report

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Stock CUE Energy Resources Ltd (CUE.ASX)
Release Time 28 Apr 2026, 12:25 p.m.
Price Sensitive Yes
 Cue Energy Resources Ltd Quarterly Activities Report
Key Points
  • $1.7 million returned to shareholders through dividends
  • Signed long-term gas sales agreement with Northern Territory Government
  • Two development wells planned for Palm Valley field
Full Summary

Cue Energy Resources Ltd released its quarterly activities report for the period ended 31 March 2026. The company returned $1.75 million to shareholders through dividends, bringing total dividends paid over the past two years to more than $33 million. Cue also secured a long-term Gas Sales Agreement with the Northern Territory Government, which will see the company supply up to 3.2 PJ of gas through to the end of 2034 under take-or-pay provisions with a fixed price indexed to inflation. To support this agreement, the Palm Valley Joint Venture has taken a Final Investment Decision to drill two new wells, with drilling scheduled to commence mid-2026. The company reported $25.7 million in revenue for the half year and underlying EBITDAX of $13.5 million. Cue ended the quarter with a strong cash balance of $11.5 million, with quarterly cash receipts of $12 million. The report also provided updates on the company's operations in Indonesia and New Zealand.

Guidance

Cue reported $25.7 million in revenue and underlying EBITDAX of $13.5 million for the first half of the 2026 financial year.