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Beach Energy Limited (ASX:BPT)

ALERT: Price-sensitive ASX Announcement for BPT
Current share price for BPT : $0.860 -0.23 (-21.10%)+
Announcement
Release
20 Oct 2025 9:03AM
Price at Release
$1.090
Full Release
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Summary
Beach Energy Limited reported an 8% increase in production in Q1 FY26, reaching 5.0 MMboe, driven by higher outputs from the Otway and Perth basins and flood recovery efforts in the Cooper Basin. The sales volumes rose by 15% to 6.8 MMboe, and sales revenue increased by 18% to $537 million, supported by additional LNG cargoes and higher gas prices. The Waitsia Gas Plant is nearing its Ready For Start Up milestone. Major project progress included successful plug and abandonment in the Otway Basin and ongoing flood recovery in the Cooper Basin. The company's financial position remains strong with $586 million in liquidity despite increased capital expenditure and refinancing activities.
Key Points
  • Production increased by 8% quarter-on-quarter to 5.0 MMboe.
  • Sales volumes up 15% to 6.8 MMboe and sales revenue up 18% to $537 million.
  • Two Waitsia LNG cargoes lifted, contributing $121 million in revenue.
  • Cooper Basin JV production increased by 10% due to flood recovery efforts.
  • Waitsia Gas Plant approaching Ready For Start Up milestone.
  • Flood recovery activities in Cooper Basin to continue into Q2 FY26.
  • Successful plug and abandonment of wells in the Otway Basin.
  • Strong liquidity position with $586 million despite refinance and capital expenditures.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.