Latest Energy Sector News

Taiton Resources has completed heritage surveys at its Challenger West and Highway projects, paving the way for targeted drilling programs in South Australia. The company has also submitted an environmental application to support these upcoming exploration activities.

SRJ Technologies has successfully raised A$2.53 million through its entitlement offer, positioning the company to advance a significant joint venture and acquisition in the Middle East.

EVZ Limited reported solid FY2025 results with an 8% increase in revenue to $108 million and a 20% rise in EBITDA, underpinned by operational improvements and a robust contract backlog exceeding $90 million.

Winchester Energy appoints corporate lawyer Chris Zielinski as Non-Executive Director while CEO Rory McGoldrick transitions to a part-time role, signaling a strategic refocus on operational efficiency.

Whitehaven Coal has announced an extension of its on-market share buy-back program, committing up to $48 million in purchases through December 2025, reinforcing its shareholder return strategy.

Po Valley Energy and its partners have inked a 12-month gas sales agreement with Hera Trading, marking a strategic shift from BP Gas Marketing and reinforcing local ties in Italy’s energy sector.

Qube Holdings Limited reported robust FY25 underlying revenue growth of 27%, driven by strong performances in its Logistics & Infrastructure and Ports & Bulk divisions, while declaring a 71% increase in full-year dividends. Despite challenges including industrial action and weather disruptions, Qube expects continued earnings growth in FY26 supported by strategic acquisitions and operational resilience.

Pengana International Equities reported a solid $33.8 million profit for FY2025 and unveiled a strategic plan to diversify into global private credit, aiming to increase dividends by over half and shift to monthly payments.

Maas Group Holdings Ltd reported a 6% rise in FY25 underlying EBITDA to $219.4 million, driven by robust growth in Construction Materials and Commercial Real Estate. The company’s disciplined capital management and strategic acquisitions set a positive tone for FY26.

Mitchell Services Limited has revealed a sharp downturn in its FY2025 financial results, with profits collapsing by 94% and revenue falling 17%, signaling a challenging year for the oilfield services provider.

Xstate Resources has received pre-approval to acquire a 51% stake in the Diona project, setting the stage for drilling operations and ASX trading resumption by late September.

Saunders International reported a modest revenue dip and sharp profit decline in FY2025, offset by a transformative acquisition that expands its water infrastructure footprint and doubles its project pipeline.