Key points
- Production of 19.4 MMboe supported by Waitsia Gas Plant
- Underlying EBITDA of $1.0 billion and underlying NPAT of $355 million
- Record 18-months recordable injury free across all assets
Full summary
Beach Energy Ltd announced its FY26 full-year results, showcasing disciplined execution, major project delivery, and strong safety and environmental performance. Production reached 19.4 MMboe, supported by the start-up of the Waitsia Gas Plant. The company achieved a 3% reduction in field operating costs and maintained an 18-month recordable injury-free period. Financial results included an underlying EBITDA of $1.0 billion, underlying NPAT of $355 million, and a 7% uplift in average realised gas price to $11.5/GJ. The company also declared a final fully franked dividend of 2.0 cents per share.
Guidance
FY27 Production: 19.5 - 23.0 MMboe, Total capital expenditure: $600 - 700 million
Outlook
Beach Energy plans to focus on building the resource base in FY27 through active drilling campaigns and maturing new projects across its core East and West Coast hubs.