Beach Energy (ASX:BPT) has reported mixed operational results for the second quarter of FY26, with total production declining 9% to 4.5 million barrels of oil equivalent, reflecting lower Otway Basin output due to seasonal customer nominations and planned maintenance.
Conversely, Western Flank and Cooper Basin operations benefitted from flood recovery efforts, posting production increases of 5% and 12%, respectively, as most flood-impacted wells were restored.
Sales volumes fell 13% to 5.9 MMboe, generating $445 million in revenue. Two Waitsia LNG cargoes contributed $111 million, underpinned by a realised average gas price of $11.9 per gigajoule, including spot and short-term market sales.
The Waitsia Gas Plant achieved its first gas export milestone on Dec. 6, 2025 and reached peak production of 165 terajoules per day post-quarter, with ramp-up toward nameplate capacity continuing through Q3 FY26.