Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest announcement is out from Beach Energy ( (AU:BPT) ).
Beach Energy Limited reported a stable production of 4.9 MMboe for the third quarter of FY25, with significant contributions from the Otway, Perth, and Bass Basins. The company achieved sales revenue of $552 million, bolstered by two additional Waitsia LNG cargoes. Despite a 5% decrease in sales volumes, Beach Energy enhanced its liquidity position, reducing net debt to $312 million and increasing available liquidity to $708 million. The Waitsia Stage 2 project is nearing completion, targeting first sales gas by mid-2025. However, a significant flood event in the Cooper Basin may defer production and delay development plans. The company remains focused on safety and operational efficiency, with no recorded safety incidents during the quarter.
More about Beach Energy
Beach Energy Limited operates in the energy sector, focusing on the exploration and production of oil and gas. The company is involved in various basins, including the Otway, Perth, and Bass Basins, and has a significant presence in the Australian market. Beach Energy is committed to maintaining operational efficiency and safety while expanding its gas production capabilities.
YTD Price Performance: -12.35%
Average Trading Volume: 2,214
Technical Sentiment Signal: Buy
Current Market Cap: $1.69B
See more insights into BPT stock on TipRanks’ Stock Analysis page.