Want to see AU:BPT full AI Analyst Report?
Top Page
Beach Energy
(Sydney:BPT)
Select Model
Select Model
Rating:63Neutral
Price Target:
AU$0.92
â–˛(2.33% Upside)
Action:Reiterated
Date:08/10/26
The score is driven primarily by improving financial performance and a supportive earnings-call outlook (profitability recovery, strong operating cash flow/liquidity, and detailed FY27 guidance under a disciplined capital framework). These positives are tempered by weak technicals (price below key moving averages with negative MACD and sub-50 RSI) and mixed valuation signals (high yield but a negative P/E).
Positive Factors
Cash generation & liquidity
Consistently strong operating cash flow and meaningful pre-growth free cash flow provide durable funding for sustaining capex, dividends and selected growth without immediate reliance on external financing. The near‑A$1bn liquidity buffer supports through-cycle resilience and strategic optionality for multi-year programs.
Negative Factors
Earnings and revenue volatility
Historic swings between losses and profits and a YoY revenue decline indicate earnings are sensitive to commodity cycles, one‑offs and operational disruptions. This volatility reduces predictability of cash returns, complicates long‑term planning and makes sustained margin improvement dependent on steadier production and pricing.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation & liquidity
Consistently strong operating cash flow and meaningful pre-growth free cash flow provide durable funding for sustaining capex, dividends and selected growth without immediate reliance on external financing. The near‑A$1bn liquidity buffer supports through-cycle resilience and strategic optionality for multi-year programs.
Read all positive factors
Beach Energy (BPT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.97B
Dividend Yield8.41%
Average Volume (3M)7.96M
Price to Earnings (P/E)7.0
Beta (1Y)0.26
Revenue Growth-8.77%
EPS GrowthN/A
CountryAU
Employees455
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.12
Shares Outstanding2,281,333,700
10 Day Avg. Volume7,216,126
30 Day Avg. Volume7,958,852
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.60
Price to Sales (P/S)1.01
P/FCF Ratio5.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.90Price Target Upside0.00%
Rating ConsensusModerate Sell
Number of Analyst Covering10
EPS Forecast (FY)0.14
Revenue Forecast (FY)AU$1.88B
Beach Energy Business Overview & Revenue Model
Company Description
Beach Energy Limited operates as an enterprise primarily focused on the exploration and extraction of oil and natural gas. The company conducts both managed and joint-venture operations, across onshore and offshore environments, for crude oil and ...
How the Company Makes Money
Beach Energy makes money primarily by producing and selling hydrocarbons—mainly natural gas and liquids (such as crude oil and condensate)—from its portfolio of petroleum assets. Revenue is generated when produced volumes are delivered and sold un...
Beach Energy Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 15, 2027
Earnings Call Sentiment Positive
The call highlighted strong cash generation, improved realized gas pricing, disciplined cost and capital management, robust liquidity and a clear growth pipeline (onshore and offshore) under a conservative capital framework. These positives outweigh operational headwinds (weather-related production impacts, Waitsia ramp and compressor issues), a 10% revenue decline YoY and policy uncertainty around the domestic gas reservation. Management emphasized safety, embedded owner’s mindset, and strict investment hurdles, providing confidence in the company’s ability to pursue value-accretive growth while maintaining balance sheet strength.Positive Updates
Strong cash generation and liquidity
Operating cash flow of $890 million and pre-growth free cash flow of $458 million; closed FY'26 with $213 million cash and $983 million available liquidity (up 51% YoY); delivered positive all-in free cash flow during a period of elevated capital and decommissioning activity.
Negative Updates
Production headwinds from weather and ramp issues
FY'26 production of 19.4 million boe was 2% below prior year, primarily due to the Cooper Basin flood event and severe rainfall; delayed first production and slower-than-expected ramp-up at Waitsia impacted volumes.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong cash generation and liquidity
Operating cash flow of $890 million and pre-growth free cash flow of $458 million; closed FY'26 with $213 million cash and $983 million available liquidity (up 51% YoY); delivered positive all-in free cash flow during a period of elevated capital and decommissioning activity.
Read all positive updates
Company Guidance
Management guided FY'27 production of 19.5–23.0 MMboe and group capital expenditure of $600–700m (with sustaining capex expected below the $450m operating‑principle), noting key project and activity plans: Waitsia statutory shutdowns (plant hit 250 TJ/day nameplate in April; inlet compression FID targeted H1 FY27), Western Flank recovery (remaining ~600 bbl/d of flood‑impacted wells to be restored in H1, three remaining development wells to be drilled and an 8‑well exploration campaign), ~70 wells planned in the Cooper JV and progression of the Moomba Central Optimization (total MCO project ~$250m, ~1/3 of spend this year), a targeted H1 FY27 FID for a 2‑well nearshore Otway campaign (all‑in development cost < $5/GJ, IRR well above 20%, first gas possible H1 FY29), and Perth Basin drilling (two conventional wells). For context FY'26 results and metrics cited to support guidance included production 19.4 MMboe (‑2% YoY), sales 22.9 MMboe, revenue $1.8bn, underlying EBITDA $1.0bn, underlying NPAT $355m (statutory $281m), pre‑growth free cash flow $458m, closing cash $213m, available liquidity $983m, net gearing 10.6% (through‑cycle target ~15%, flexibility to 25%), final dividend $0.02 (FY total $0.03 fully franked), 2P reserves 156 MMboe (77% developed) and 2C 174 MMboe, plus operational/commercial KPIs (6 Waitsia LNG cargoes, Waitsia cargo revenue $343m, 29 PJ sold into spot/short‑term markets, realized gas pricing +7% YoY, field opex $11.40/boe vs $11 target and operated‑fields opex down 18% since FY'24).Beach Energy Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
76
Positive
Cash Flow
64
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.92B | 2.11B | 1.77B | 1.62B | 1.75B |
| Gross Profit | 420.60M | 1.13B | 481.40M | 569.10M | 761.10M |
| EBITDA | 916.80M | 439.80M | -593.90M | 609.40M | 736.30M |
| Net Income | 281.40M | -43.80M | -475.30M | 400.80M | 500.80M |
Balance Sheet | |||||
| Total Assets | 5.41B | 5.28B | 5.50B | 5.89B | 5.10B |
| Cash, Cash Equivalents and Short-Term Investments | 213.00M | 172.20M | 172.00M | 218.90M | 254.50M |
| Total Debt | 632.30M | 571.50M | 794.70M | 408.50M | 120.30M |
| Total Liabilities | 2.13B | 2.12B | 2.19B | 2.02B | 1.56B |
| Stockholders Equity | 3.27B | 3.16B | 3.31B | 3.88B | 3.54B |
Cash Flow | |||||
| Free Cash Flow | 351.20M | 339.90M | -318.90M | -242.00M | 310.40M |
| Operating Cash Flow | 889.70M | 1.13B | 774.10M | 928.60M | 1.22B |
| Investing Cash Flow | -732.00M | -792.10M | -1.08B | -1.17B | -897.80M |
| Financing Cash Flow | -112.10M | -340.30M | 260.60M | 205.50M | -199.50M |
Beach Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$60.54B | 15.98 | 7.67% | 4.91% | -5.14% | -22.20% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | AU$1.97B | 7.02 | -3.66% | 7.66% | -8.77% | ― | |
62 Neutral | AU$1.16B | 7.19 | 12.15% | 3.02% | -17.21% | 8.09% | |
61 Neutral | AU$24.82B | 21.52 | 5.26% | 4.38% | -5.72% | -31.55% | |
44 Neutral | AU$345.54M | -1.88 | -46.22% | ― | -0.51% | -756.45% | |
43 Neutral | AU$346.67M | -13.91 | -12.35% | ― | ― | 25.55% |
* Energy Sector Average
AU:BPT
Beach Energy
0.83
-0.41
-33.25%
AU:BTL
Empire Energy Group Limited
0.23
-0.05
-16.67%
AU:KAR
Karoon Energy Ltd
1.65
-0.23
-12.08%
AU:STO
Santos Limited
7.65
0.14
1.88%
AU:STX
Strike Energy Limited
0.10
-0.02
-17.50%
AU:WDS
Woodside Energy Group
31.79
6.61
26.25%
Beach Energy Corporate Events
Beach Energy Details Governance Compliance in 2026 Filing
Aug 5, 2026
Beach Energy Ltd is an Australian oil and gas producer focused on exploration and production activities, primarily in conventional energy resources. The company is listed on the ASX and operates within the regulatory framework set by the ASX Corpo...
Beach Energy Outlines Governance Framework in 2026 Statement
Aug 5, 2026
Beach Energy Limited has released its 2026 Corporate Governance Statement, outlining the structure and responsibilities of its board and board committees. The document details the company’s approach to ethical conduct, risk management, and s...
Beach Energy details assumptions and reporting standards behind FY26 results
Aug 5, 2026
Beach Energy has outlined the basis for its FY26 full-year results presentation, emphasising that key performance indicators such as underlying EBITDAX, EBITDA, EBIT and profit are non-IFRS measures extracted from audited or reviewed financial sta...
Beach Energy Sets Sustainable, Community‑Focused Agenda in 2026 Report
Aug 5, 2026
Beach Energy Limited is an Australian oil and gas producer focused on supplying domestic energy, positioning itself as a key player in ensuring “Australian energy when you need it.” The company operates in both Australia and New Zealan...
Beach Energy posts strong FY26 results and reshapes portfolio for growth
Aug 5, 2026
Beach Energy has reported FY26 results that highlight disciplined execution, with production reaching 19.4 million barrels of oil equivalent, supported by the start-up of the Waitsia Gas Plant at its 250 terajoule per day nameplate capacity. The c...
Beach Energy Declares Interim Dividend For Half-Year to June 2026
Aug 5, 2026
Beach Energy has declared an ordinary fully paid dividend of AUD 0.02 per share for the six‑month period ended 30 June 2026. The ASX‑listed producer has set an ex‑dividend date of 28 August, a record date of 31 August and will pa...
Citi Group Entities Cease to Be Substantial Holder in Beach Energy
Aug 4, 2026
Citigroup Global Markets Australia Pty Limited and related Citi group entities have notified Beach Energy that they have ceased to be a substantial holder in the company as of 30 July 2026, following changes in their relevant interests in Beach En...
Beach Energy Sets Date for FY26 Results Webcast
Jul 31, 2026
Beach Energy has scheduled the release of its full-year FY26 financial results for Thursday, 6 August 2026, and will host a webcast presentation that morning led by Managing Director and CEO Brett Woods alongside CFO Anne-Marie Barbaro. A recordin...
Beach Energy lifts production, strengthens balance sheet with Otway asset sale
Jul 21, 2026
Beach Energy reported fourth‑quarter production of 4.9 MMboe and full‑year output of 19.4 MMboe, driven by higher volumes from the Perth, Otway and Taranaki basins and strong customer nominations. The company highlighted a record 18 mo...
Omega launches major Taroom Trough drilling program to advance unconventional oil and gas play
Jul 21, 2026
Omega Oil Gas Limited has begun mobilising Helmerich Payne’s FlexRig 648 to its Canyon-3 well on the eastern flank of Queensland’s Taroom Trough, launching a fully funded 2026/27 drilling and appraisal program. The campaign follows e...
Beach Energy Director Increases Shareholding Through Performance Rights Vesting
Jul 8, 2026
Beach Energy has disclosed a change in the shareholdings of director Brett Woods, reflecting the vesting of short-term incentive performance rights for the 2024 and 2025 financial years. As a result of this vesting, Woods acquired 217,271 fully pa...
Beach Energy Issues New Shares Following Option Conversions
Jul 8, 2026
Beach Energy Limited has issued 1,126,786 new ordinary fully paid shares following the exercise or conversion of previously unquoted options or other convertible securities. The issuance, effective July 1, 2026 and notified to the market on July 8...
Beach Energy Reports Lapse of Performance and Matched Rights
Jul 8, 2026
Beach Energy Limited is an Australian oil and gas exploration and production company listed on the ASX under the ticker BPT. It operates in the upstream energy sector, supplying hydrocarbons to domestic and regional markets while managing incentiv...
Citi Group Entities Fall Below Substantial Holder Threshold in Beach Energy
Jun 4, 2026
Citigroup Global Markets Australia and related Citi group entities have notified Beach Energy that they have ceased to be a substantial holder in the company as of 2 June 2026, following changes in their relevant interests in Beach Energy’s ...
Beach Energy Sells Otway Stake, Frees $500m for Higher-Return Projects
May 24, 2026
Beach Energy has agreed to sell its 60% operated interest in the VIC/L35 permit, including the Artisan gas discovery, to Amplitude Energy and O.G. Otway for $70 million in cash and a production royalty valued at about $140 million over the field&#...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.