Key Highlights

  • Beach Energy (ASX:BPT) closed at $0.91, down 3.19%, on 26 October 2026.
  • FY26 production was 19.4 MMboe, with underlying EBITDA of $1.0 billion and underlying NPAT of $355 million.
  • A final fully Franked Dividend of 2.0 cents was declared, taking full-year dividends to 3.0 cents.

Beach Energy Ltd (ASX:BPT) closed at $0.91, down 3.19%, in the Trading session on 26 October 2026, while the S&P/ASX 200 closed at 8,809.9, up 0.17%, and the S&P/ASX 200 Energy index gained 0.92%. Beach is an Adelaide-based oil and gas company with operations in the Cooper, Otway and Perth basins.

FY26 Results Released on 6 August 2026

Beach reported production of 19.4 MMboe for FY26, supported by the 250 TJ per day Waitsia Gas Plant, which reached nameplate capacity in April. Underlying EBITDA was $1.0 billion and underlying NPAT was $355 million. The average realised gas price rose 7% to $11.5 per GJ, and field operating expenses fell 3% to $244 million, including Waitsia operations.

A final fully franked dividend of 2.0 cents per share was declared, with full-year dividends of 3.0 cents. Available Liquidity was $983 million and net gearing was 10.6%. Free Cash Flow breakeven outperformed the company's US$30 per barrel target.

Operations and Portfolio Changes

The Equinox rig campaign was materially completed within budget, and nine oil appraisal and development wells in the Western Flank had a 100% success rate. The company reported 18 months free of recordable injuries. Waitsia production largely offset the impact of Cooper Basin flooding and lower Otway production, and Beach said it is working with the operator on Waitsia performance issues through an upcoming shutdown.

The sale of VIC/L35 optimised the Otway portfolio and redirected more than $500 million of Capital in the near term. Beach is targeting a final Investment decision in the first half of FY27 for a two-well nearshore Otway drilling campaign and has exploration programs in the Western Flank, Perth Basin and Taroom Trough.

Beach's chief executive said the company's safety performance in FY26 was equivalent to about 1.5 million work hours without a recordable injury and that the team delivered major offshore projects and supported the operator to deliver first gas at Waitsia. The company also reported no Tier 1 process safety events since 2020. It is prioritising Balance Sheet strength to fund resource and Earnings growth opportunities.

Other Company Developments

On 2 October 2026 Elixir Energy (ASX:EXR) announced that exclusivity in a process deed with Beach, signed on 21 August 2026 for a potential farm-in to Elixir's Taroom Trough portfolio, had expired on 1 October without final agreement. Elixir said discussions with Beach continue.

About Beach Energy

Beach Energy Limited (ABN 20 007 617 969) produces oil and gas for domestic east and west coast markets and describes its core hubs as the Cooper Basin, Otway Basin and Perth Basin.

The announcement lists multi-Tcf offshore Otway Basin opportunities and maturing Perth Basin backfill opportunities as part of its organic growth pipeline across the East and West coast hubs. The reference number for the announcement is 036/26, and it was issued from Beach's Adelaide office.

Risks and Catalysts on Watch

The company flagged Waitsia performance issues and an upcoming shutdown. The Otway FID is targeted for the first half of FY27. The Elixir process deed has no binding agreement yet.

Wrapping Up

Beach's FY26 results show 19.4 MMboe of production, $355 million of underlying NPAT and $983 million of liquidity. The shares closed down 3.19% on 26 October.