88 Energy (88E) AI Stock Analysis

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88 Energy

(ASX:88E)

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Rating:40Underperform

Price Target:AUD 0.02▼(-5.56% Downside)

Action:reiterated

Date:09/27/26

The overall score is very low, driven primarily by the company's extremely weak financial performance. The lack of revenue, persistent losses, and negative cash flows present a high-risk profile, despite a debt-free balance sheet. Neutral technical indicators and a meaningless negative P/E ratio do little to offset the fundamental financial risks inherent in this pre-revenue exploration company.

Positive Factors

No reported debtZero reported debt across five years reduces near-term solvency pressure and avoids interest obligations that could further weaken cash flow. This gives 88E more financial flexibility than a similarly loss-making explorer with significant leverage, although it does not eliminate funding needs.

Negative Factors

No meaningful revenue baseThe absence of meaningful revenue leaves 88E without an established operating cash engine to fund exploration, corporate costs, or future development. This makes financial performance highly dependent on asset progress and external funding rather than recurring commercial sales, weakening earnings quality.

88 Energy (88E) vs. iShares MSCI Australia ETF (EWA)

Market Cap: AUD 12.64M
Dividend Yield: ―
Average Volume (3M): 1.76M
Price to Earnings (P/E): -0.6
Beta (1Y): 0.40
Revenue Growth: ―
EPS Growth: -45.54%
Country: Australia
Employees: 10
Sector: Energy
Sector Strength: 65
Industry: Oil & Gas Exploration & Production

88 Energy Business Overview & Revenue Model

Company Description

88 Energy Limited, an Australian company established in 1996 and based in Subiaco, is dedicated to exploring for oil and gas properties primarily within the United States, with a significant focus on Alaska's North Slope. The company holds various in...

88 Energy Financial Statement Overview

Summary

Financial health is critically weak. The company has no revenue, persistent and substantial net losses, negative operating and free cash flow, and a rapidly eroding equity base. The only positive is a debt-free balance sheet, but this is overshadowed by the ongoing cash burn and lack of a path to profitability.

Income Statement

5Very Negative

Balance Sheet

35Negative

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0	0	0	0	2,500	4,447
Gross Profit	-96.19K	-90.72K	-79.05K	-64.23K	-60.31K	4.36M
EBITDA	-3.69M	-4.52M	-31.28M	-16.04M	-73.98M	-1.13M
Net Income	-34.21M	-52.91M	-32.82M	-14.44M	-70.72M	-2.41M
Balance Sheet
Total Assets	90.87M	87.98M	148.99M	156.53M	133.03M	145.78M
Cash, Cash Equivalents and Short-Term Investments	8.22M	6.82M	7.20M	18.18M	14.12M	32.32M
Total Debt	0	0	0	0	0	0
Total Liabilities	2.32M	362.67K	356.79K	840.04K	1.35M	5.94M
Stockholders Equity	88.55M	87.62M	148.64M	155.69M	131.68M	139.84M
Cash Flow
Free Cash Flow	-3.38M	-3.91M	-28.73M	-35.29M	-188.20M	-47.44M
Operating Cash Flow	-3.38M	-3.91M	-3.41M	-5.38M	-135.55M	-5.65M
Investing Cash Flow	-1.80M	4.07M	-17.38M	-23.67M	-57.84M	3.15M
Financing Cash Flow	4.64M	0	9.03M	33.09M	43.90M	19.09M

88 Energy Technical Analysis

Technical Analysis SentimentNegative

Last Price0.02

Price Trends

50DMA0.02Negative

100DMA0.02Negative

200DMA0.02Negative

Market Momentum

MACD-0.00Positive

RSI44.63Neutral

STOCH11.11Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:88E, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 44.63 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:88E.

88 Energy Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

AU:88E against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AU:OEL	71Outperform	AUD 38.36M	5.38	16.54%	―	-6.93%	300.00%
AU:BRK	66Neutral	AUD 31.22M	-18.21	-1.90%	―	-22.27%	-137.78%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
AU:BRU	47Neutral	AUD 19.02M	-3.11	-23.11%	―	―	71.52%
AU:TDO	44Neutral	AUD 41.94M	-17.78	-14.52%	―	―	―
AU:MAY	43Neutral	AUD 11.35M	-0.23	-133.55%	―	―	-1008.33%
AU:88E	40Underperform	AUD 23.96M	-0.61	-38.84%	―	―	-45.54%

* Energy Sector Average

Performance Comparison

AU:88E and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
AU:88E	88 Energy Limited	0.02	-0.00	-14.29%
AU:BRU	Buru Energy Limited	0.01	-0.00	-26.32%
AU:MAY	Melbana Energy Limited	0.01	0.00	0.00%
AU:OEL	Otto Energy Limited	―	―	―
AU:BRK	Brookside Energy Limited	0.34	-0.07	-17.28%
AU:TDO	3D Oil Limited	0.08	-0.04	-30.43%

88 Energy Corporate Events

88 Energy Secures Partner for Augusta-1 South Prudhoe Exploration Well

Oct 27, 2026

88 Energy has outlined plans for the Augusta-1 exploration well in its South Prudhoe Project, reinforcing the strategic importance of this upcoming drilling campaign. The programme targets prospective petroleum resources, with technical work supervis...

88 Energy Advances Alaska Drilling Plans and Extends Phoenix Farm-Out as Namibia Work Intensifies

Oct 25, 2026

88 Energy reported steady progress across its Alaskan portfolio during the September quarter, with preparations advancing for the Augusta-1 exploration well at its South Prudhoe project, which targets sizeable prospective resources across multiple re...

88 Energy Appoints New Company Secretary as Governance Focus Continues

Oct 21, 2026

88 Energy Limited has appointed experienced Chartered Secretary Daniel Coletta as Company Secretary, effective immediately, to oversee compliance with ASX Listing Rule matters and broader governance responsibilities. Coletta, a member of the Governan...

88 Energy Advances Farm-Out and Readies Augusta-1 Well at South Prudhoe

Oct 6, 2026

88 Energy is progressing a competitive farm-out process for its South Prudhoe Project in Alaska, with multiple potential partners completing detailed technical due diligence and submitting bids. Management sees this interest as an endorsement of the...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 27, 2026

88 Energy AI Stock Analysis