Hzn.Ax
Horizon Oil & Gas Limited (HZN.AX) is an Australian-based energy company engaged in the exploration and production of oil and gas, primarily operating in the Asia-Pacific region.
Business. Horizon Oil & Gas Limited (HZN.AX) is an Australian-based energy company engaged in the exploration and production of oil and gas, primarily operating in the Asia-Pacific region.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Horizon Oil & Gas Limited (HZN.AX) is an Australian-based energy company engaged in the exploration and production of oil and gas, primarily operating in the Asia-Pacific region.
HZN.AX maintains a relatively strong liquidity position, with a current ratio of 2.31, indicating that the company has $2.31 in current assets for every $1 of current liabilities. However, the company's free cash flow is negative at -$1.52 million, suggesting that capital expenditures are outpacing operating cash flow. The company's cash and equivalents of $17.66 million are partially offset by long-term debt of $26.09 million, resulting in a net cash position that is negative.
In terms of profitability, HZN.AX reports a return on equity (ROE) of 18.76%, which is significantly higher than the industry median for Oil & Gas Exploration and Production companies. The return on assets (ROA) of 6.8% also outperforms the industry median, indicating efficient use of assets to generate profit. The company's operating margin of 15.8% (calculated from operating income of $16.65 million on revenue of $105.31 million) is in line with the industry's preferred metrics for profitability.
Geographically, HZN.AX's revenue is concentrated in the Asia-Pacific region, with no disclosed breakdown of segment performance. The company does not report revenue by business segment, which limits visibility into the performance of its exploration and production activities. The lack of segment reporting also obscures the contribution of different geographic regions to overall revenue.
Looking ahead, HZN.AX is expected to maintain a stable revenue trajectory, with no significant growth or decline projected in the next fiscal year. The company's capital expenditure of -$15.03 million indicates a focus on maintaining and potentially expanding its asset base, though the negative free cash flow suggests that this is being funded through operating cash flow rather than excess liquidity. The company's debt-to-equity ratio of 0.4 is relatively low, indicating a conservative capital structure.
The risk assessment for HZN.AX highlights a medium liquidity risk, primarily due to the negative free cash flow and the net cash position being negative after subtracting total debt. The dilution risk is assessed as low, with no significant dilution potential identified in the basic shares outstanding. The company has not disclosed any recent events in filings or transcripts that would suggest a material change in its risk profile.
- HZN.AX has a strong return on equity (18.76%) and return on assets (6.8%), outperforming industry medians.
- The company's liquidity position is strong with a current ratio of 2.31, but free cash flow is negative.
- HZN.AX maintains a conservative capital structure with a debt-to-equity ratio of 0.4.
- The company's revenue is concentrated in the Asia-Pacific region, with no segment-level reporting available.
- The risk assessment indicates medium liquidity risk and low dilution risk.
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- Net cash is negative after subtracting total debt.
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Physical assets
1 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Western LNG Pipeline | Gas pipeline | Gas | Papua New Guinea | Parent |
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- Capex To Revenuecapital_expenditure / revenue
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- HZN.AX Market data — financials · 2026-05-28