What happened
Bell Potter maintained its buy rating and $2.45 price target on Amplitude Energy (ASX: AEL) after the company reported September 2026 quarterly gas production of 7.4 petajoules. The production result beat broker expectations as the company's Gippsland Basin operations ran consistently at nameplate capacity.
Why it matters here
Amplitude Energy is positioned as a pure-play producer leveraging the southern east coast Australian gas market, with the majority of its sales secured under stable contract terms. Management is pursuing debottlenecking initiatives at its 100 per cent-owned Gippsland asset to drive incremental production increases.
What to watch
Amplitude Energy’s next quarterly operational report for progress updates on Gippsland Basin debottlenecking and realised domestic gas prices.
Source
fool.com.au