Strike Energy Posts Quarterly Revenue Rise Despite Ongoing Impairments

Strike Energy Limited reported its Q1 FY26 results today, showing a modest uptick in sales revenue compared with the same period last year. The Australian energy explorer highlighted several positives — including progress on its Perth Basin operations and the upcoming commissioning of its South Erregulla power‑plant — while also acknowledging headwinds. A significant non‑cash impairment linked to its Walyering project weighed on the bottom line, and the company reiterated its focus on disciplined capital allocation and operational delivery in the coming year. Management affirmed that supply‑tightening conditions in the Western Australian gas market and the transition to low‑carbon energy infrastructure underpin its strategic outlook. #StrikeEnergy #EnergySector #AustraliaGas #EarningsUpdate #SlimScan #GrowthStocks #CANSLIM