The S&P/ASX 200 Index (ASX: XJO) is having a poor session on Tuesday. In afternoon trade, the benchmark index is down 0.55% to 8,719.9 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
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Beach Energy Ltd (ASX: BPT)
The Beach Energy share price is down 2% to $1.17. Investors have been selling the energy company's shares following the release of a disappointing third-quarter update. Beach Energy reported production of 4.8 MMboe for the quarter, which was up 7% on the prior quarter. However, it has downgraded its full year production guidance and now expects FY 2026 production to be in the range of 19.4 MMboe to 20.3 MMboe. This is down from its previous guidance range of 19.7 MMboe to 22.0 MMboe. This reflects a combination of factors, including weather-related disruptions, ramp-up challenges at the Waitsia Gas Plant, and cyclone-related shutdowns.
Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's share price is down 10% to $15.96. The catalyst for this has been the release of an update from Domino's Pizza Inc (NASDAQ: DPZ) in the United States overnight. It revealed same-store sales growth of just 0.9%, which was lower than the 2.3% increase the market was expecting. It also lowered its guidance for the full year. Investors may believe Domino's Pizza Enterprises could also be struggling in the current environment.
Origin Energy Ltd (ASX: ORG)
The Origin Energy share price is down a further 4% to $11.60. Investors have been selling the energy giant's shares this week after it released its quarterly report. Origin revealed that March quarter production was lower compared to the prior quarter. It also advised that Integrated Gas revenue was down $247 million compared to the prior quarter at $1,855 million. This reflects lower realised LNG prices. Origin Energy's CEO, Frank Calabria, said: "Global commodity markets have experienced significant volatility this quarter, with the conflict in the Middle East affecting oil and LNG supply. Changes in oil prices have a lagged effect on Australia Pacific LNG's long term export contracts, and we do not expect this to flow through to results until FY27."
Pantoro Gold Ltd (ASX: PNR)
The Pantoro Gold share price is down 10% to $3.44. This follows the release of the gold miner's quarterly update. Pantoro Gold revealed production of 17,757 ounces of gold, which is down 19.5% quarter on quarter. Also going the wrong way was its all-in sustaining cost, which increased 24.5% to $3,204 per ounce.
