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Beach Energy
(OTC:BCHEY)
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Rating:62Neutral
Price Target:
$13.00
▲(2.77% Upside)
Action:Reiterated
Date:08/08/26
The score is led by fairly solid financial fundamentals (low leverage and improving free cash flow) and a constructive but mixed earnings-call outlook (strong margins/liquidity tempered by operational and policy risks). This is held back materially by weak technicals (price below key moving averages with negative MACD) and valuation uncertainty from a negative P/E, despite the supportive high dividend yield.
Positive Factors
Conservative leverage and strong liquidity
Low gearing and substantial liquidity provide resilience through commodity cycles, preserve access to capital and give Beach flexibility to fund sustaining investment, pursue selected growth projects and manage operational or policy uncertainty.
Negative Factors
Volatile earnings and declining revenue
The sharp swings in revenue, margins and returns show material exposure to commodity prices, production disruptions and mix effects. This makes normalized profitability less predictable even after the latest earnings recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage and strong liquidity
Low gearing and substantial liquidity provide resilience through commodity cycles, preserve access to capital and give Beach flexibility to fund sustaining investment, pursue selected growth projects and manage operational or policy uncertainty.
Read all positive factors
Beach Energy (BCHEY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.48B
Dividend Yield6.98%
Average Volume (3M)0.00
Price to Earnings (P/E)7.3
Beta (1Y)0.84
Revenue Growth-4.64%
EPS GrowthN/A
CountryUS
Employees455
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)2.46
Shares Outstanding114,066,680
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.86
Price to Sales (P/S)1.49
P/FCF Ratio8.15
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.01
Revenue Forecast (FY)$1.28B
Beach Energy Business Overview & Revenue Model
Company Description
Beach Energy Limited functions primarily as an oil and gas enterprise, specializing in exploration and production. Its operations include both company-managed and joint-venture projects, conducted across onshore and offshore sites, yielding oil an...
How the Company Makes Money
Beach Energy makes money primarily by producing and selling hydrocarbons—natural gas, crude oil, condensate, and liquefied petroleum gas (LPG)—from its upstream oil and gas assets. Revenue is generated when produced volumes are sold under gas supp...
Beach Energy Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 15, 2027
Earnings Call Sentiment Neutral
The call presented a mixed but resilient picture: Beach delivered strong margins, solid underlying EBITDA (USD-equivalent success in gas marketing), positive free cash flow during heavy project execution, improved liquidity (up 51%) and sustained safety/environmental performance while making progress on Waitsia and other growth options. Offsetting these positives were lower revenue (-10% YoY) driven by weaker liquids and flood-impacted production (-2% YoY), commissioning issues at Waitsia, near-term Otway decline (~10% guidance) and material policy uncertainty from the proposed domestic gas reservation that constrains inorganic deal visibility and dividend predictability. Overall, the company emphasized disciplined capital allocation, embedded cost reductions and a clear growth pipeline, but uncertainty over policy and some near-term operational impacts balance the positives.Positive Updates
Strong underlying profitability and margins
Underlying EBITDA of $1.0 billion and an underlying NPAT of $355 million, with an EBITDA margin of 57%, demonstrating profitable operations despite volume headwinds.
Negative Updates
Revenue decline driven by lower liquids and volume impacts
Sales revenue was $1.8 billion, down 10% year-on-year, primarily due to lower crude sales volumes following Cooper Basin flood impacts and softer liquids pricing (including LNG).
Read all updates
Q4-2026 Updates
Positive
Negative
Strong underlying profitability and margins
Underlying EBITDA of $1.0 billion and an underlying NPAT of $355 million, with an EBITDA margin of 57%, demonstrating profitable operations despite volume headwinds.
Read all positive updates
Company Guidance
Beach guided FY‑27 production of 19.5–23.0 million barrels of oil equivalent, with total capital expenditure of $600–$700 million (sustaining capital expected below the $450 million operating principle), and noted planned statutory maintenance at Waitsia (≈24 days) and the Otway (28 days); FY‑26s metrics underpinning the outlook included production 19.4 MMboe, sales 22.9 MMboe, revenue $1.8 billion, underlying EBITDA $1.0 billion (57% margin), underlying NPAT $355 million (statutory $281 million), pre‑growth free cash flow $458 million and operating cash flow $890 million, closing cash $213 million and available liquidity $983 million with net gearing 10.6% (through‑the‑cycle target ~15% with capacity to ~25% for growth); reserves/resources at 30 June 2026 were 2P 156 MMboe and 2C 174 MMboe, Waitsia reached 250 TJ/day nameplate (April) and delivered six LNG cargoes (Waitsia cargoes revenue ~$343 million), Moomba CCS ~2.3 MtCO2e stored, field operating costs $11.40/boe (vs $11 target) after a 3% YoY reduction and 18% reduction in operated field costs since FY‑24, and key FY‑27 activity includes ~70 Cooper Basin JV wells, the final 3 Western Flank wells plus an 8‑well exploration campaign, two nearshore Otway wells (target all‑in < $5/GJ, IRR >20%, first gas possible H1 FY29), Perth Basin conventional wells and progress on Moomba Central Optimization (target completion FY‑29) and Waitsia inlet compression FID in H1.Beach Energy Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
76
Positive
Cash Flow
70
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.88B | 2.11B | 1.77B | 1.62B | 1.75B |
| Gross Profit | 411.41M | 1.13B | 481.40M | 569.10M | 761.10M |
| EBITDA | 896.77M | 439.80M | -593.90M | 1.04B | 747.80M |
| Net Income | 275.25M | -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 | 213.01M | 172.20M | 172.00M | 218.90M | 254.50M |
| Total Debt | 632.34M | 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 | 343.53M | 339.90M | -318.90M | -242.00M | 310.40M |
| Operating Cash Flow | 870.26M | 1.13B | 774.10M | 928.60M | 1.22B |
| Investing Cash Flow | -716.00M | -792.10M | -1.08B | -1.17B | -897.80M |
| Financing Cash Flow | -109.65M | -340.30M | 260.60M | 205.50M | -199.50M |
Beach Energy Technical Analysis
Neutral
12.65
Price Trends
12.58
Positive
14.54
Negative
15.25
Negative
Market Momentum
0.02
Negative
56.76
Neutral
96.44
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BCHEY, the sentiment is Neutral. The current price of 12.65 is above the 20-day moving average (MA) of 12.51, above the 50-day MA of 12.58, and below the 200-day MA of 15.25, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 56.76 is Neutral, neither overbought nor oversold. The STOCH value of 96.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BCHEY.
Beach Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $1.98B | 18.28 | 12.70% | 10.11% | 10.33% | ― | |
75 Outperform | $2.65B | 8.77 | 12.81% | ― | 84.28% | ― | |
71 Outperform | $2.12B | 22.30 | 12.74% | 13.59% | 39.27% | -72.63% | |
67 Neutral | $2.92B | -7.47 | -19.26% | ― | 2.44% | -144.04% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $1.48B | 7.33 | 8.74% | 7.16% | -4.64% | ― | |
62 Neutral | $2.91B | -5.36 | -23.85% | 8.50% | -3.02% | -183.44% |
* Energy Sector Average
BCHEY
Beach Energy
12.81
-2.82
-18.07%
NOG
Northern Oil And Gas
26.84
3.14
13.26%
KRP
Kimbell Royalty Partners
15.46
2.98
23.86%
TALO
Talos Energy
16.93
7.23
74.54%
MNR
Mach Natural Resources LP
12.64
0.48
3.92%
BKV
BKV Corporation
24.21
1.71
7.60%
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.