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Beach Energy Limited (ASX:BPT)

ALERT: Price-sensitive ASX Announcement for BPT
Current share price for BPT : $0.875 -0.38 (-30.28%)+
Announcement
Release
5 Feb 2026 8:31AM
Price at Release
$1.255
Full Release
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Summary
Beach Energy Limited's FY26 half-year results presentation highlights a decrease in production and sales revenue, with production falling to 9.5 MMboe and sales revenue marginally decreasing to $982 million. Despite a 13% increase in the average realized gas price, the average realized oil price saw a 12% decline. The company reported an 8% decrease in underlying net profit after tax (NPAT) to $219 million and a 32% drop in statutory NPAT to $150 million. Operating and free cash flows also saw significant reductions, by 33% and 75% respectively. Beach Energy plans a 10-well exploration campaign starting in late FY26, focusing on expanding commercial marketing with industrial sectors and gas-power generators.
Key Points
  • 10-well exploration campaign planned for late FY26 into FY27.
  • Sales revenue slightly decreased to $982 million in H1 FY26.
  • Average realized gas price increased by 13% to $11.8 per GJ.
  • Average realized oil price decreased by 12% to $110 per bbl.
  • Production decreased by 7% to 9.5 MMboe.
  • Sales volumes increased by 3% to 12.7 MMboe.
  • Underlying NPAT decreased by 8% to $219 million.
  • Statutory NPAT dropped by 32% to $150 million.
  • Operating cash flow decreased by 33% to $442 million.
  • Free cash flow decreased by 75% to $61 million.
  • Net debt increased by 14% to $445 million.
  • Focused activities on expanding commercial marketing with industrial sectors.
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.