Australia · Delayed Price · Currency is AUD Beach Energy Earnings Call Transcripts
Fiscal Year 2026
-
First-half results showed strong operational recovery, with 97% of flood-impacted Cooper Basin production restored, Waitsia ramp-up progressing, and robust financials including AUD 1bn revenue and AUD 558m EBITDA. Guidance for FY26 production and capex maintained, with a focus on disciplined capital management and growth.
Fiscal Year 2025
-
The meeting reviewed strong financial and operational improvements, including record dividends and major project completions. Shareholders discussed reserves, restoration provisions, and future dividend policy, with all resolutions put to poll and results to be released.
-
Strong cost reductions, margin expansion, and record dividends marked the year, with production and revenue growth driven by new wells and LNG cargoes. FY 2026 guidance anticipates higher production, continued cost discipline, and major project milestones like Waitsia startup.
-
Strong half-year results driven by 15% production growth, 20% EBITDA increase, and a 50% higher interim dividend, supported by cost reductions and successful project completions. Waitsia commissioning remains a key focus, with guidance narrowed and capital discipline maintained.
Fiscal Year 2024
-
The AGM highlighted a refreshed strategy focused on disciplined growth, strong financial performance, and increased dividends. Key projects like Waitsia and Moomba CCS progressed, while challenges included regulatory hurdles and project delays. Shareholders approved all resolutions and engaged on topics from decommissioning to renewables.
-
FY24 results met expectations with revenue up 9% despite a 7% production drop and significant non-cash impairments. Strategic review drove cost savings and a new structure, while major projects like Waitsia and Moomba CCS progressed. FY25 guidance is unchanged, with focus on operational execution and cost discipline.
-
A comprehensive strategic reset introduces disciplined capital allocation, cost reduction, and a pivot to longer-life assets, with conservative production guidance and reserve downgrades. Growth focuses on core gas hubs, new exploration, and storage/peaking opportunities, while maintaining strong financials and advancing decarbonization.