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Beach Energy Limited (ASX:BPT)

ALERT: Price-sensitive ASX Announcement for BPT
Current share price for BPT : $0.895 -0.36 (-28.69%)+
Announcement
Release
5 Feb 2026 8:29AM
Price at Release
$1.255
Full Release
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Summary
Beach Energy Limited announced its FY26 first half results, highlighting strong operational performance and major project achievements. The company reported high reliability at operated gas plants and significant progress in carbon capture and storage, with over 556 kt of CO2e injected. Financially, Beach Energy has maintained a robust position with $925 million in cash reserves and declared a 1.0 cent interim dividend. Key projects include the production ramp-up at the Waitsia Gas Plant and successful drilling campaigns in the Cooper Basin. The company remains focused on its growth strategy across core hubs while maintaining its production and capital expenditure guidance for FY26.
Key Points
  • >99% reliability at all operated gas plants
  • Strong performance at Moomba CCS with 556 kt CO2e injected, up 63% on H1 FY25
  • 12-months of operation at Moomba CCS with >1.5 Mt CO2e injected to date
  • Received >300,000 ACCUs from the Clean Energy Regulator
  • $925 million in cash reserves and liquidity with net gearing at 12%
  • Interim dividend of 1.0 cent per share declared
  • Production ramp up at Waitsia Gas Plant
  • Completion of phase 1 of the Equinox rig campaign
  • 97% flood recovery in Cooper Basin
  • Drilling in Cooper Basin JV with 84% success rate
  • Western Flank 12-well appraisal and development campaign
  • FY26 guidance for production is 19.7 – 22.0 MMboe with capital expenditure of $675 – 775 million
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.