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Beach Energy Limited (ASX:BPT)

ALERT: Price-sensitive ASX Announcement for BPT
Current share price for BPT : $0.840 -0.03 (-3.45%)+
Announcement
Release
22 Jul 2026 8:48AM
Price at Release
$0.870
Full Release
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Summary
Beach Energy Limited's FY26 fourth quarter activities report highlights a production of 4.9 million barrels of oil equivalent, a slight increase from the prior quarter. However, full-year production was down 2% from the previous year. Despite a decrease in sales volumes and revenue, the company saw an increase in average realized oil prices. Full-year sales revenue fell by 10% due to lower sales volumes and LNG pricing. The company maintained a robust financial position with substantial liquidity and continued investment in capital expenditure and operational improvements.
Key Points
  • Production for Q4 FY26 was 4.9 million barrels of oil equivalent (MMboe), a 1% increase from the prior quarter.
  • Full year FY26 production was 19.4 MMboe, 2% lower than the previous year due to maintenance and downtimes.
  • Total sales volumes in Q4 FY26 were 4.8 MMboe, marking an 11% decline from the previous quarter.
  • Sales revenue for Q4 FY26 was $400 million, down 5% from the prior quarter due to lower oil sales volumes.
  • FY26 full year sales revenue was $1.8 billion, a 10% decrease from the previous year, impacted by lower sales volumes and LNG pricing.
  • Average realized oil price increased by 39% in Q4 FY26 to $174 per barrel.
  • Beach Energy had a full year capital expenditure of $699 million, aligned with the previous year.
  • Total liquidity as of 30 June 2026 was $983 million, with cash reserves of $213 million.
  • No hedging was in place as of 30 June 2026.
  • Operational highlights included active drilling campaigns and production optimization at various sites.
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.