2025 saw Beach Energy Ltd (ASX: BPT) shares deliver a record amount of passive income to eligible stockholders.
The S&P/ASX 200 Index (ASX: XJO) energy stock paid a fully-franked interim dividend of 3 cents per share on 31 March. If you owned shares, you'd then have received the all-time high final dividend of 6 cents per share on 30 September.
That equates to a full-year passive income payout of 9 cents per share, up from 4 cents per share in 2024.
In late morning trade today, Beach Energy shares are down 2.4% to $1.225 apiece. This sees the ASX 200 energy stock trading on a juicy, fully-franked trailing dividend yield of 7.5%.
For some comparison, rival Aussie energy giant Woodside Energy Group Ltd (ASX: WDS) shares trade on a fully-franked trailing dividend yield of 6.5%. And Santos Ltd (ASX: STO) shares trade on a partly-franked trailing dividend yield of 5.2%.
On the share price front, Beach Energy stock is down some 18% over the past 12 months, while Santos shares are just about flat, and Woodside shares are up around 4%.
Now, that's the year just past. As for those upcoming Beach Energy dividends…
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What's the interim dividend for 2026?
Beach Energy shares are under some pressure today after the company released its half-year results for the six months to 31 December (H1 FY 2026).
The ASX 200 energy stock reported a 7% year-on-year decline in production to 9.5 million barrels of oil equivalent (MMboe). Revenue for the half year was down 1% to $981.7 million.
And with underlying net profit after tax (NPAT) down 8% to $219 million, management cut the fully-franked interim dividend to 1 cent per share, down from last year's 3 cents.
If you'd like to bank that passive income, you'll need to own shares by market close on 25 February. The stock trades ex-dividend on 26 February.
While that's not the best start to FY 2026 for passive income, Beach Energy is forecasting a significantly stronger second half to the year, with plans to increase gas production from its Waitsia plant. That could deliver a material uptick in the final dividend.
According to Beach Energy CEO Brett Woods:
Our steady financial footing and safe operational performance through a challenging half positions Beach for an active second half, particularly as Waitsia ramps up and offshore campaigns progress.
The ASX 200 energy stock reaffirmed its full-year FY 2026 guidance of production in the range of 19.7MMboe to 22.0 MMboe.
Beach Energy shares: Buy, hold, or sell?
Having recently run his slide rule over the ASX 200 energy stock, prior to today's results release, Baker Young's Toby Grimm said (courtesy of The Bull), "The oil and gas producer, BPT, remains constrained by its large exposure to less than favourable domestic gas markets, in our view."
Explaining his hold recommendation on Beach Energy shares, Grimm said:
However, the continuing successful development of the Waitsia gas project in Western Australia underpins material production growth and increasing exposure to export pricing in coming years.
Relatively low debt and an improved profitability outlook substantiates our reason to hold for now.
