Empire Energy Group Future Growth

Future criteria checks 0/6

Empire Energy Group is forecast to grow earnings at 17.8% per annum. EPS is expected to grow by 33.4% per annum.

Key information

17.8%

Earnings growth rate

33.4%

EPS growth rate

Oil and Gas earnings growth	11.0%
Revenue growth rate	n/a
Future return on equity	n/a
Analyst coverage	Low
Last updated	23 Apr 2024

Recent future growth updates

Recent updates

Is Empire Energy Group (ASX:EEG) Using Debt Sensibly?

Dec 05

Is Empire Energy Group (ASX:EEG) A Risky Investment?

Jun 01

Shareholders May Be More Conservative With Empire Energy Group Limited's (ASX:EEG) CEO Compensation For Now

May 20

Is Empire Energy Group (ASX:EEG) Using Too Much Debt?

Apr 01

Can You Imagine How Empire Energy Group's (ASX:EEG) Shareholders Feel About The 89% Share Price Increase?

Jan 28

Earnings and Revenue Growth Forecasts

ASX:EEG - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2024	1	-15	N/A	2	1
12/31/2023	6	-22	-10	-2	N/A
9/30/2023	8	-17	-22	-1	N/A
6/30/2023	11	-12	-35	0	N/A
3/31/2023	12	-9	-34	2	N/A
12/31/2022	14	-6	-32	5	N/A
9/30/2022	13	-7	-29	1	N/A
6/30/2022	12	-7	-25	-2	N/A
3/31/2022	10	-9	-25	-2	N/A
12/31/2021	9	-11	-25	-2	N/A
9/30/2021	7	-10	-23	-3	N/A
6/30/2021	6	-8	-20	-3	N/A
3/31/2021	6	-8	-18	-3	N/A
12/31/2020	6	-8	-16	-3	N/A
9/30/2020	7	-12	-11	-3	N/A
6/30/2020	7	-17	-6	-3	N/A
3/31/2020	7	-17	-5	-2	N/A
12/31/2019	8	-17	-4	-1	N/A
6/30/2019	9	-9	0	0	N/A
3/31/2019	9	-8	0	0	N/A
12/31/2018	9	-7	-1	0	N/A
9/30/2018	14	-20	-2	-1	N/A
6/30/2018	14	-18	-3	-2	N/A
3/31/2018	16	-22	-2	-2	N/A
12/31/2017	18	-26	-2	-1	N/A
9/30/2017	18	-18	N/A	-1	N/A
6/30/2017	19	-10	N/A	0	N/A
3/31/2017	19	6	N/A	0	N/A
12/31/2016	20	23	N/A	0	N/A
9/30/2016	20	5	N/A	-1	N/A
6/30/2016	22	-11	N/A	-1	N/A
3/31/2016	22	-23	N/A	0	N/A
12/31/2015	25	-37	N/A	2	N/A
9/30/2015	27	-26	N/A	5	N/A
6/30/2015	26	-13	N/A	7	N/A
3/31/2015	29	-10	N/A	7	N/A
12/31/2014	29	-6	N/A	6	N/A
9/30/2014	28	-4	N/A	7	N/A
6/30/2014	26	-2	N/A	7	N/A
3/31/2014	27	-2	N/A	8	N/A
12/31/2013	29	-3	N/A	8	N/A
9/30/2013	29	-1	N/A	9	N/A
6/30/2013	30	0	N/A	10	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EEG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: EEG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: EEG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if EEG's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if EEG's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if EEG's Return on Equity is forecast to be high in 3 years time

Empire Energy Group Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

No longer forecast to breakeven

Consensus revenue estimates increase to AU$6.38m

Recent updates

New minor risk - Shareholder dilution

Empire Energy Group Limited has completed a Follow-on Equity Offering in the amount of AUD 39 million.

Full year 2023 earnings: EPS and revenues miss analyst expectations

Empire Energy Group Limited, Annual General Meeting, May 28, 2024

New minor risk - Share price stability

Is Empire Energy Group (ASX:EEG) Using Debt Sensibly?

Empire Energy Group Limited Announces Changes to Board of Directors

First half 2023 earnings released: AU$0.011 loss per share (vs AU$0.004 loss in 1H 2022)

No longer forecast to breakeven

New minor risk - Profitability

Less than half of directors are independent

Is Empire Energy Group (ASX:EEG) A Risky Investment?

Empire Energy Group Limited Announces Board Changes

Full year 2022 earnings released: AU$0.009 loss per share (vs AU$0.024 loss in FY 2021)

Empire Energy Group Limited Announces Carpentaria-3H Hydraulic Stimulation and Carpentaria-4V Drilling Successfully Completed, Flow Testing Program Underway

Empire Energy Group Limited Provides Update on Beetaloo Operations

Empire Energy Group Limited Announces Beetaloo Operations Update

Empire Energy Group Limited Announces Longest Ever Beetaloo Horizontal Well Drilled

Empire Energy Group Limited Provides Update on Operations in Empire's 100% Owned and Operated EP187 Tenement, Located Onshore Northern Territory in the Beetaloo Sub-Basin

First half 2022 earnings released: AU$0.004 loss per share (vs AU$0.019 loss in 1H 2021)

Empire Energy Group Limited Announces Carpentaria-2H Continues Strong Production with Minimal Decline

Empire Energy Group Limited Provides Update on Ongoing Flow Testing of the Carpentaria-2H Well

Empire Energy Group Limited Announces Successful Hydraulic Stimulation of Carpentaria-2H

Empire Energy Group Limited Appoints Robin Polson as Chief Financial Officer

Empire Energy Group Limited Commences Fracture Stimulation of Carpentaria-2H

Empire Energy Group Limited Announces Operational Update

Empire Energy Group Limited has completed a Follow-on Equity Offering in the amount of AUD 27.5 million.

Empire Energy Group Limited Announces Company Secretary Changes

Empire Energy Group Limited Announces That It Is Completing Preparations for the Hydraulic Stimulation and Extended Production Test of Carpentaria-2H

Full year 2021 earnings: EPS and revenues miss analyst expectations

Empire Energy Group Limited Announces an Update to Its Beetaloo Sub-Basin Contingent and Prospective Resources and US Gas Production Asset Reserves

Empire Energy Group Limited Provides Beetaloo Operations Update

Empire Energy Group Limited Provides Beetaloo Operations Update

Empire Energy Group Limited (ASX:EEG) completed the acquisition of 82.5% stake in Beetaloo Sub-basin Portfolio from Pangaea (NT) Unit Trust.

Empire Energy Group Limited Provide an Update on the Continuing Positive Progress at the Carpentaria-1 Well in EP187

Empire Energy Group Limited Announces the Commencement of the Fracture Stimulation, Flowback and Extended Production Testing Program at Carpentaria-1

Consensus revenue estimates increase to AU$6.38m

Shareholders May Be More Conservative With Empire Energy Group Limited's (ASX:EEG) CEO Compensation For Now

Empire Energy Group's Ordinary Shares to Be Deleted from Other OTC

Empire Energy Group Limited (ASX:EEG) agreed to acquire 17.5% stake in Beetaloo Sub-basin Portfolio from EMG Fund II Management, L.P.

Is Empire Energy Group (ASX:EEG) Using Too Much Debt?

Full year 2020 earnings released: AU$0.027 loss per share (vs AU$0.073 loss in FY 2019)

Non-Executive Director has left the company

Empire Energy Group Limited Announces Board Changes

Empire Energy Group Limited Announces Material Beetaloo Resource Upgrade

New 90-day low: AU$0.33

Empire Energy Group Limited Announces Carpentaria-1 Core Results and Operations Update

Can You Imagine How Empire Energy Group's (ASX:EEG) Shareholders Feel About The 89% Share Price Increase?

Empire Energy Group Limited Announces Company Secretary Changes

Empire Energy Group Limited Provides Carpentaria-1 Drilling Update

New 90-day high: AU$0.41

Empire Energy Group Limited Announces Commence Drilling the Carpentaria-1 Well in Empire's 100% Owned Northern Territory Permit Ep187

First half earnings released

New 90-day high - AU$0.34

Empire Energy Group Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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