BEETALOO ENERGY AUSTRALIA LIMITED (BTL)
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BTL

BTL - BEETALOO ENERGY AUSTRALIA LIMITED

FNArena Sector : Energy
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: -1.5
Index: ALL-ORDS

Beetaloo Energy Australia was previously known as Empire Energy Group. The company changed name in May 2025.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.345

09 Apr
2026

0.000

OPEN

$0.35

0.000

HIGH

$0.35

0

LOW

$0.35

TARGET
$0.90 160.9% upside
OTHER COMPANIES IN THE SAME SECTOR
AEE . OMA . PV1 .
FNARENA'S MARKET CONSENSUS FORECASTS
BTL: 1
Title FY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps) xxx - 1.7 - 0.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-1.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx12.3
Net Operating Cash Flow xxxxxxxxxxxxxxx-17.9 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-13.40 %
Return on Invested Capital xxxxxxxxxxxxxxx-13.40 %
Return on Assets xxxxxxxxxxxxxxx-10.77 %
Return on Equity xxxxxxxxxxxxxxx-13.40 %
Return on Total Capital xxxxxxxxxxxxxxx-11.01 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-27.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx26 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx26 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx18 M
Price To Book Value xxxxxxxxxxxxxxx2.36

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx48.2 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx17 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

02/04/2026

1

Speculative Buy

$0.90

160.87%

Morgans highlights the Inpex/Fomentera/Beetaloo Energy Australia joint venture with implied pricing of US$3,059/acre at base earn-in, and up to US$5,480/acre on option exercise, represents a 20-37 times valuation uplift on the Tamboran/DWE benchmark.

The broker highlights Beetaloo trades at an implied circa $140/acre, a -97% discount to the Inpex deal, suggesting considerable upside even after adjusting for acreage quality differences.

The Inpex deal, supported by up to -US$619m in committed capital, is viewed as strong external validation of the Beetaloo as an LNG-grade resource and materially enhances its farm-out leverage.

The analyst raises the unrisked in-situ valuation multiple to $1.00/GJ, which lifts the valuation to $0.90 from $0.70.

Speculative Buy rating retained with a 90c target, up from 70c previously.

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.50 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.10 cents.

EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Research as a Service (RaaS)

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Canaccord Genuity

01/04/2026

1

Speculative Buy

$0.45

30.43%

Canaccord Genuity maintains a Speculative Buy rating for Beetaloo Energy following the Inpex farm-in, which the broker views as strong validation of the basin's scale and energy security credentials.

Canaccord Genuity sees the upcoming Carpentaria gas plant installation and pilot gas sales in 2H 2026 as the primary near-term catalysts, alongside potential Tamboran farm-in news providing price discovery for the basin.

No amendments were made to financial forecasts in this update.

BTL STOCK CHART