For the second quarter of FY26, Beach Energy Limited (ASX: BPT) reported a 9% decrease in production, totaling 4.5 MMboe, mainly due to lower customer nominations and planned maintenance in the Otway Basin. Flood recovery efforts in the Cooper Basin, however, helped restore a significant portion of production. Sales revenue dropped by 17% to AU$445 million, driven by lower sales volumes and reduced LNG pricing, although gas pricing improved.
Key developments include the successful ramp-up of the Waitsia Gas Plant, achieving peak production rates post-quarter-end. Additionally, Beach has strengthened its financial position, securing AU$925 million in liquidity and generating positive cash flow. The company continues its exploration and development campaigns in Cooper Basin and other fields, with a focus on expanding oil production and gas reserves. Despite a reduction in sales volumes, the company’s financial resilience and progress on key projects position it well for future growth.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Beach Energy Limited: Q2 FY26 Report Summary
For the second quarter of FY26, Beach Energy Limited (ASX: BPT) reported a 9% decrease in production, totaling 4.5 MMboe, mainly due to lower customer nominations and planned maintenance in the Otway Basin. Flood recovery efforts in the Cooper Basin, however, helped restore a significant portion of production. Sales revenue dropped by 17% to AU$445 million, driven by lower sales volumes and reduced LNG pricing, although gas pricing improved.
Key developments include the successful ramp-up of the Waitsia Gas Plant, achieving peak production rates post-quarter-end. Additionally, Beach has strengthened its financial position, securing AU$925 million in liquidity and generating positive cash flow. The company continues its exploration and development campaigns in Cooper Basin and other fields, with a focus on expanding oil production and gas reserves. Despite a reduction in sales volumes, the company’s financial resilience and progress on key projects position it well for future growth.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au