Want to see AU:BPT full AI Analyst Report?
Top Page
Beach Energy
(Sydney:BPT)
Select Model
Select Model
Rating:60Neutral
Price Target:
AU$0.90
▲(0.33% Upside)
Action:Reiterated
Date:06/25/26
The score is anchored by decent financial resilience (cash flow improvement and manageable leverage) and a supportive earnings-call picture with maintained guidance and solid liquidity. These are tempered by very weak technicals (broad downtrend and negative momentum) and valuation uncertainty signaled by a negative P/E despite a high dividend yield.
Positive Factors
Improved cash generation & liquidity
Sustained free cash flow and strong operating cash conversion combined with AUD 235m closing cash and AUD 925m available liquidity materially reduce refinancing risk and fund H2 capex. This durable cash generation supports project funding, maintenance capex and optional shareholder returns over the next 2–6 months.
Negative Factors
Negative margins and ROE
Persistent negative operating and net margins, and a negative return on equity, highlight structural profitability challenges. Even with revenue growth, margin erosion limits retained earnings and constrains capital allocation flexibility, making earnings and dividend sustainability more uncertain over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation & liquidity
Sustained free cash flow and strong operating cash conversion combined with AUD 235m closing cash and AUD 925m available liquidity materially reduce refinancing risk and fund H2 capex. This durable cash generation supports project funding, maintenance capex and optional shareholder returns over the next 2–6 months.
Read all positive factors
Beach Energy (BPT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.07B
Dividend Yield7.62%
Average Volume (3M)7.96M
Price to Earnings (P/E)―
Beta (1Y)0.34
Revenue Growth11.40%
EPS Growth-225.74%
CountryAU
Employees455
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.05
Shares Outstanding2,281,333,700
10 Day Avg. Volume7,216,126
30 Day Avg. Volume7,958,852
Financial Highlights & Ratios
PEG Ratio0.76
Price to Book (P/B)0.95
Price to Sales (P/S)1.43
P/FCF Ratio8.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.91Price Target Upside1.00% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering10
EPS Forecast (FY)0.14
Revenue Forecast (FY)AU$1.85B
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
55
Neutral
Balance Sheet
65
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.10B | 2.11B | 1.77B | 1.62B | 1.75B | 1.56B |
| Gross Profit | 538.50M | 1.13B | 481.40M | 569.10M | 761.10M | 594.90M |
| EBITDA | 291.30M | 439.80M | -593.90M | 609.40M | 736.30M | 876.00M |
| Net Income | -115.90M | -43.80M | -475.30M | 400.80M | 500.80M | 316.50M |
Balance Sheet | ||||||
| Total Assets | 5.42B | 5.28B | 5.50B | 5.89B | 5.10B | 5.01B |
| Cash, Cash Equivalents and Short-Term Investments | 235.20M | 172.20M | 172.00M | 218.90M | 254.50M | 126.70M |
| Total Debt | 725.40M | 571.50M | 794.70M | 408.50M | 120.30M | 277.10M |
| Total Liabilities | 2.25B | 2.12B | 2.19B | 2.02B | 1.56B | 1.93B |
| Stockholders Equity | 3.17B | 3.16B | 3.31B | 3.88B | 3.54B | 3.09B |
Cash Flow | ||||||
| Free Cash Flow | 283.80M | 339.90M | -318.90M | -242.00M | 310.40M | 86.20M |
| Operating Cash Flow | 915.90M | 1.13B | 774.10M | 928.60M | 1.22B | 759.80M |
| Investing Cash Flow | -754.00M | -792.10M | -1.08B | -1.17B | -897.80M | -757.80M |
| Financing Cash Flow | -176.10M | -340.30M | 260.60M | 205.50M | -199.50M | 21.00M |
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$62.57B | 16.08 | 7.67% | 4.91% | -5.14% | -22.20% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | AU$1.24B | 7.19 | 12.15% | 3.02% | -17.21% | 8.09% | |
61 Neutral | AU$25.40B | 21.18 | 5.26% | 4.38% | -5.72% | -31.55% | |
60 Neutral | AU$2.07B | -16.82 | -3.66% | 7.66% | 11.40% | -225.74% | |
44 Neutral | AU$356.34M | -1.86 | -46.22% | ― | -0.51% | -756.45% | |
43 Neutral | AU$331.58M | -13.02 | -12.35% | ― | ― | 25.55% |
* Energy Sector Average
AU:BPT
Beach Energy
0.89
-0.28
-24.36%
AU:BTL
Empire Energy Group Limited
0.23
-0.05
-16.36%
AU:KAR
Karoon Energy Ltd
1.68
-0.16
-8.79%
AU:STO
Santos Limited
7.63
0.13
1.75%
AU:STX
Strike Energy Limited
0.10
-0.02
-17.39%
AU:WDS
Woodside Energy Group
31.72
6.56
26.06%
Beach Energy Corporate Events
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&#...
Beach Energy outlines assumptions, non‑IFRS metrics and reserves framework in Macquarie Conference presentation
May 5, 2026
Beach Energy has released a presentation for the Macquarie Conference outlining its use of non‑IFRS financial measures such as underlying EBITDAX, EBITDA, EBIT, underlying profit and free cash flow to give investors a clearer view of its ope...
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.