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
▼(-24.75% Downside)
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$1.95B
Dividend Yield7.72%
Average Volume (3M)7.96M
Price to Earnings (P/E)―
Beta (1Y)0.39
Revenue Growth11.40%
EPS Growth-225.74%
CountryAU
Employees214
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$1.04Price Target Upside-13.06% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering9
EPS Forecast (FY)0.2
Revenue Forecast (FY)AU$2.06B
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 primarily makes money by producing and selling hydrocarbons—mainly natural gas (and associated products such as condensate and LPG, where produced) and crude oil/condensate—from its operated and non-operated interests in petroleum fie...
Beach Energy Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive operational and financial picture: strong safety performance, material milestone delivery (Waitsia first gas, Western Flank drilling progress, Moomba CCS achievements), improved realized gas pricing, solid liquidity (AUD 925m) and healthy cash generation (EBITDA AUD 558m, free cash flow AUD 225m). Key negatives included impacts from the prior Cooper Basin flood and softer oil prices (realized oil -12%), an unsuccessful Hercules exploration well, early ramp-up issues and accounting/return obligations for purchased LNG volumes, and regulatory uncertainty from the East Coast gas review. On balance, the positive achievements, balance-sheet strength and clear execution momentum outweigh the mid-term operational and regulatory challenges.Positive Updates
Waitsia first gas and ramp-up progress
First gas achieved at Waitsia gas plant in early December; plant ramping up with two compressors commissioned and peak observed of 165 TJ/day to date (nameplate 250 TJ/day). Third compressor commissioning imminent; project expected to reach nameplate as compressors come online.
Negative Updates
Cooper Basin flood impact on production
Production in the half was 9.5 million boe, materially affected by the FY25 Cooper Basin flooding; although 97% of flood-impacted production was restored by end-December, lower production contributed to earnings pressure.
Read all updates
Q2-2026 Updates
Positive
Negative
Waitsia first gas and ramp-up progress
First gas achieved at Waitsia gas plant in early December; plant ramping up with two compressors commissioned and peak observed of 165 TJ/day to date (nameplate 250 TJ/day). Third compressor commissioning imminent; project expected to reach nameplate as compressors come online.
Read all positive updates
Company Guidance
Management maintained FY‑26 guidance: production 19.7–22.5 million BOE and total capital expenditure $675–775 million (sustaining capex below $450 million), while Waitsia ramp‑up continues toward 250 TJ/day nameplate (peak to date 165 TJ/day; 3–4 month ramp plan with 3rd/4th compressors commissioning in Q3), Artisan/La Bella FID targeted H2 FY‑26 with gas production aimed for FY‑29, and Phase 2 Equinox plus Western Flank drilling (12‑well appraisal/development and a later 10‑well exploration campaign) to proceed; H1 metrics included 9.5 MMboe production, 12.7 MMboe sales, $1.0bn total revenue (~$982m sales), underlying EBITDA $558m, underlying NPAT $219m, free cash flow $225m, operating cash flow $442m, H1 capex $377m, closing cash $235m, $925m available liquidity, 12% net gearing and an interim dividend of $0.01/share.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 Technical Analysis
Negative
1.20
Price Trends
1.09
Negative
1.14
Negative
1.15
Negative
Market Momentum
-0.07
Positive
20.19
Positive
8.66
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BPT, the sentiment is Negative. The current price of 1.2 is above the 20-day moving average (MA) of 1.02, above the 50-day MA of 1.09, and above the 200-day MA of 1.15, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 20.19 is Positive, neither overbought nor oversold. The STOCH value of 8.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BPT.
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$53.57B | 13.56 | 7.67% | 7.16% | -5.14% | -22.20% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | AU$23.36B | 19.19 | 5.26% | 6.00% | -5.72% | -31.55% | |
62 Neutral | AU$1.03B | 6.10 | 12.44% | 4.74% | -17.21% | 8.09% | |
60 Neutral | AU$1.95B | -15.80 | -3.66% | 7.72% | 11.40% | -225.74% | |
49 Neutral | AU$391.74M | -12.75 | -14.19% | ― | ― | 25.55% | |
44 Neutral | AU$359.94M | -1.88 | -46.22% | ― | -0.51% | -756.45% |
* Energy Sector Average
AU:BPT
Beach Energy
0.86
-0.39
-31.05%
AU:BTL
Empire Energy Group Limited
0.26
0.07
33.33%
AU:KAR
Karoon Energy Ltd
1.46
-0.40
-21.39%
AU:STO
Santos Limited
7.21
-0.09
-1.22%
AU:STX
Strike Energy Limited
0.10
-0.05
-35.48%
AU:WDS
Woodside Energy Group
28.21
6.25
28.48%
Beach Energy Corporate Events
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...
Beach Energy lifts output, boosts liquidity and doubles down on East Coast gas growth
Apr 27, 2026
Beach Energy reported a 7% quarterly increase in production to 4.8 million barrels of oil equivalent, driven largely by ramp-up at the Waitsia Gas Plant, which has reached 94% of nameplate capacity. Overall sales volumes fell 10% to 5.3 MMboe and ...
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.