Latest Energy Market News

LGI Limited posted a robust FY26 with a 35.5% rise in net profit, underpinned by a 33% jump in biogas flows and a $56 million capital raise fueling expansion beyond 80MW.

ADX Energy has lodged applications for two offshore gas exploration permits adjacent to its existing Sicily Channel licence, aiming to extend its footprint in a geologically promising biogenic gas play.

Whitehaven Coal reported a 29% drop in underlying net profit to $227 million for FY26, despite record safety outcomes and successful debt refinancing that lowered funding costs and extended maturities.

Hansen Technologies posted a modest 1.5% revenue dip to $386.5 million in FY26 but delivered a 15.9% rise in underlying NPATA to $65.9 million, driven by recurring revenue growth and AI-enabled efficiencies. The company also announced a planned CEO succession to support its next growth phase.

Equus Energy's Pre-FEED study confirms a robust, phased development plan for its Equus Gas Project, targeting LNG, domestic gas, and condensate production with strong economic returns.

The Environmental Group Limited (ASX:EGL) posted flat revenue of $112 million for FY26 but saw a sharp 44.7% fall in EBITDA and a $6 million net loss, weighed down by operational disruptions, a major ERP system implementation, and a $3 million goodwill impairment.

Energy One (ASX:EOL) reported a strong FY26 with 14% revenue growth and 38% profit rise, announcing a transformative $99.8 million all-scrip acquisition of Gas Management Services Limited (GMSL) that will deepen its European footprint and bring Fluxys onboard as a major shareholder.

Amplitude Energy (ASX:AEL) posted record production and earnings for FY26, underpinned by strong operational execution and progress on the East Coast Supply Project (ECSP). The company strengthened its balance sheet, reduced net debt by 85%, and targets first gas from ECSP in 2028.

Mercury NZ Limited posted a staggering 32,000% surge in net profit for FY26 despite an 8% revenue dip, underpinned by strong renewable generation and disciplined cost control.

Origin Energy reported a 6% increase in FY26 profit to $1.57 billion despite a 10% revenue drop, advancing renewable projects and extending Eraring Power Station operations, while managing a customer data breach.

Telstra Group Limited posted modest revenue decline but growth in profit and earnings per share for FY26, alongside a 10.5% dividend increase and a new $1 billion share buy-back. The company advances its Connected Future 30 strategy while managing a major July network outage.

Eastern Gas Corporation has initiated drilling of the Venus-2H horizontal appraisal well in Queensland’s Surat Basin, marking a significant advancement in evaluating its contingent gas resources and potential commercial development.