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

$0.27

24 Sep
2026

0.010

OPEN

$0.27

3.85%

HIGH

$0.28

1,365,538

LOW

$0.26

TARGET
$0.77 185.2% 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 - 0.1 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

03/08/2026

1

Buy

$0.77

185.19%

Beetaloo Energy Australia's June Q outlined progress across multiple important fronts. Delivering the plant and pilot gas sales is the most immediate hurdle and is right on the doorstep, Morgans notes, while unlocking larger-scale development of its broader Beetaloo acreage remains the ultimate prize.

Morgans views the capital raising as a smart move supporting the business through late development, although Federal government intervention in the gas industry has pushed a larger discount on Beetaloo than the broker would have expected.

Target falls to 77c from 90c, Speculative Buy retained.

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.09 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.04 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

04/08/2026

1

Speculative Buy

$0.45

66.67%

Canaccord Genuity maintains a Speculative Buy rating for Beetaloo Energy Australia with a $0.45 target price following an operational update highlighting progress towards maiden gas sales.

The Carpentaria-5H well appraisal delivered a 6.7TJ/d exit rate over the June quarter, exceeding prior tests and demonstrating a flatter decline curve which suggests potential upside to modelled first-year declines of -70% and the independent 2C recoverable gas estimate of 10PJ.

The analyst considers this result an important de-risking milestone ahead of commissioning the Carpentaria Pilot Plant by year end.

June quarter capital expenditure reached $8.7m, closing the period with a net cash balance of $44.8m following a $71m placement and $15.4m research and development tax offset.

Supported by $124.9m in total liquidity, including an undrawn $42.5m Macquarie Bank ((MQG)) midstream facility expected to cover the remaining $40m required to reach first gas, the broker views the company as fully funded through 2026.

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