Beach Energy shines with strong H1 LNG revenue

Beach Energy (ASX:BPT) has released its FY26 half-year results, showcasing a resilient financial performance underpinned by soaring gas prices and strategic LNG exports.

Despite a 7% dip in production to 9.5 MMboe—largely attributed to the disruptive 2025 Cooper Basin floods—the company reported a robust sales revenue of $982 million.

The revenue was bolstered by four Waitsia LNG cargoes, which alone contributed $233 million to the top line.

The company capitalised on a 13% increase in realized gas prices, averaging $11.8/GJ, which drove an underlying EBITDA of $558 million and an underlying NPAT of $219 million.

Beach Energy achieved a major milestone with the first gas export from the Waitsia Gas Plant, while maintaining a stellar safety record of 12 months injury-free across all operated sites.

Efficiency remained a core focus, with unit field operating costs falling by 7% to $10.0/boe.

The board declared an interim dividend of 1 cent per share.

Looking ahead, the company maintained its full-year production guidance of 19.7 – 22.0 MMboe, signaling confidence as it ramps up Waitsia toward nameplate capacity and progresses drilling campaigns in the Otway Basin.