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Beach Energy ( (AU:BPT) ) just unveiled an announcement.
Beach Energy Limited reported an 8% increase in production for the first quarter of FY26, driven by higher demand and recovery efforts in the Cooper Basin. Sales volumes rose by 15% and sales revenue by 18%, reaching $537 million, supported by the lifting of two Waitsia LNG cargoes. The company is nearing the start-up of the Waitsia Gas Plant, with critical systems mostly commissioned. Beach Energy continues to play a vital role in Australia’s energy landscape by supplying 100% of its East Coast gas production to the domestic market, amid ongoing national gas market reviews.
The most recent analyst rating on (AU:BPT) stock is a Hold with a A$1.20 price target. To see the full list of analyst forecasts on Beach Energy stock, see the AU:BPT Stock Forecast page.
More about Beach Energy
Beach Energy Limited operates in the energy sector, focusing on the exploration and production of oil and natural gas. The company has a significant presence in Australia’s energy market, supplying a substantial portion of the East Coast gas demand and engaging in various joint ventures to enhance its production capabilities.
YTD Price Performance: -16.15%
Average Trading Volume: 7,351,890
Technical Sentiment Signal: Sell
Current Market Cap: A$2.48B
See more data about BPT stock on TipRanks’ Stock Analysis page.