The Beach Energy Ltd (ASX: BPT) share price could be in focus today as the company posted an 18% lift in sales revenue to $537 million for the September quarter, thanks to increased production and higher realised gas prices.
What did Beach Energy report?
- Production rose 8% quarter-on-quarter to 5.0 million barrels of oil equivalent (MMboe)
- Sales volumes increased 15% to 6.8 MMboe
- Sales revenue jumped 18% to $537 million
- The average realised gas price climbed 8% to $11.7 per gigajoule
- Two Waitsia LNG cargoes delivered $121 million revenue
- Total liquidity stood at $586 million at 30 September 2025
What else do investors need to know?
Beach's Waitsia Gas Plant commissioning is nearly complete, with first sales gas expected shortly as the final start-up processes are underway. Importantly, no technical issues remain that could materially affect the timetable to initial gas exports.
In the Cooper Basin, recovery efforts are progressing as flood-impacted wells come back online, supporting the recent growth in production. Drilling activity continues across several basins, with a notable gas discovery at Kwaremont 1 and a strong 92% overall well success rate this quarter.
On the corporate front, there are board changes coming up—Dr Peter Moore will retire at the next AGM, and Shaun Gregory, an experienced geoscientist, has joined as a new independent non-executive director.
What did Beach Energy management say?
Commenting on the result, Managing Director and CEO Brett Woods said:
Beach has reported a strong start to FY26 with increased production, two Waitsia LNG cargoes lifted during the quarter and the Waitsia Gas Plant nearing the important Ready For Start Up milestone.
Higher demand for our gas over the winter period combined with initial reinstatement of some flood-affected wells in the Cooper Basin saw production increase 8% quarter-on-quarter to 5.0 MMboe. An additional LNG cargo this quarter helped revenue increase 18% to $537 million, supporting our strong financial position. At quarter-end, Beach had over $500 million of available liquidity after returning a record $137 million to shareholders in dividends.
As the Federal Government progresses its National Gas Market Review, Beach continues to supply 100% of its East Coast gas production to the domestic market, including selling directly to manufacturers. Having supplied 19% of total East Coast gas demand last financial year, Beach is playing a critical role within Australia's energy landscape.
What's next for Beach Energy?
Looking ahead, Beach expects the Waitsia Gas Plant to begin sales imminently, which should boost production and revenue further as the ramp-up phase is completed. Flood recovery remains a priority in the Cooper Basin, with more wells set to return to operation during the next quarter.
The company is also advancing new drilling campaigns and appraisal programs, particularly in the Western Flank and Cooper Basin JV. Management continues to focus on strengthening the balance sheet while progressing key projects and exploring fresh opportunities such as the Taroom Trough partnership.
Beach Energy share price snapshot
Over the past 12 months, Beach Energy shares have fallen 16%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen around 8% over the same period.
