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Beach Energy Limited (ASX:BPT)

ALERT: Price-sensitive ASX Announcement for BPT
Current share price for BPT : $0.865 -0.025 (-2.81%)+
Announcement
Release
6 Aug 2026 8:49AM
Price at Release
$0.890
Full Release
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Summary
Beach Energy Limited reported its FY26 full year results, highlighting disciplined execution, major project delivery, and strong safety and environmental performance. The company achieved production of 19.4 MMboe, significantly supported by the startup of the Waitsia Gas Plant, which reached a nameplate capacity of 250 TJ/day. Despite challenges such as flooding in the Cooper Basin and lower Otway Basin production, Beach maintained its operational performance and financial strength. The company declared a final fully franked dividend of 2.0 cps, contributing to full year dividends of 3.0 cps. Beach Energy prioritized balance sheet strength, with $983 million in available liquidity and a net gearing of 10.6%. Strategic initiatives included the sale of the VIC/L35 permit, optimizing its Otway Basin portfolio, and redirecting over $500 million to higher-return opportunities. The company plans for active exploration programs in FY27, targeting multi-Tcf scale opportunities in the offshore Otway Basin and maturing high-value backfill opportunities in the Perth Basin.
Key Points
  • FY26 production of 19.4 MMboe, supported by the Waitsia Gas Plant.
  • Final fully franked dividend of 2.0 cps declared, full year dividends of 3.0 cps.
  • $983 million in available liquidity and net gearing at 10.6%.
  • Sale of VIC/L35 permit to optimize Otway Basin portfolio and redirect over $500 million.
  • Active exploration programs planned for FY27 in Western Flank, Perth Basin, and Taroom Trough.
  • Maturing multi-Tcf scale opportunities in the offshore Otway Basin.
  • Strong safety performance with a record 18-months recordable injury-free period.
  • Targeting Final Investment Decision (FID) in H1 FY27 for nearshore Otway drilling campaign.
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.