FY26 Fourth Quarter Activities Report

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Stock Beach Energy Ltd (BPT.ASX)
Release Time 22 Jul 2026, 8:48 a.m.
Price Sensitive Yes
 Beach Energy Ltd FY26 Q4 Activities Report
Key Points
  • Quarterly production of 4.9 MMboe; FY26 full year production of 19.4 MMboe
  • Record 18 months recordable-injury free, no Tier 1 or 2 process safety events in Q4
  • VIC/L35 sale to Amplitude Energy and O.G. Otway for $70 million upfront and $3.75/GJ royalty
  • Quarterly revenue of $400 million, FY26 sales revenue of $1.8 billion
  • Available liquidity of $983 million, net gearing of 10.6%
Full Summary

Beach Energy Ltd's FY26 Q4 report highlights quarterly production of 4.9 MMboe, full-year production of 19.4 MMboe, and a record 18 months without recordable injuries. Safety performance was strong, with no Tier 1 or 2 process safety events in Q4. The company sold its 60% operated interest in VIC/L35, including the Artisan discovery, to Amplitude Energy and O.G. Otway for $70 million upfront and a $3.75/GJ royalty. Quarterly sales volumes were 4.8 MMboe, generating $400 million in revenue, and FY26 sales revenue was $1.8 billion. The sale of VIC/L35 is expected to close in Q1 FY27, pending regulatory approvals. Available liquidity was $983 million, and net gearing was 10.6%.

Guidance

FY26 full year production of 19.4 MMboe, FY26 sales revenue of $1.8 billion

Outlook

Beach Energy Ltd is focused on building its resource base and prioritizing higher-return opportunities, with upcoming campaigns in the Western Flank, Perth Basin, Otway nearshore, and Taroom Trough.