Beach Energy Posts Record A$565 Million Quarterly Revenue as Production Climbs 9%

Beach Energy reported record quarterly sales revenue of A$565 million, up 41% from the prior quarter, as total production rose 9% to 5.4 million barrels of oil equivalent in the three months ended September 30, 2026, the Australian oil and gas producer said in its first-quarter FY2027 report. Sales volumes climbed 32% to 6.3 million barrels of oil equivalent, supported by the timing of LNG and crude shipments. Bass Basin output surged 55%, Otway Basin rose 20% and Western Flank gained 15%. The Waitsia Gas Plant hit a record average rate of 219 terajoules per day in August before a planned September shutdown, with operations restored on October 8. Two LNG cargoes generated A$115 million at an average realised price of A$15.2 per million British thermal units. Domestic gas prices averaged A$11.9 per gigajoule, up 7%, while oil averaged A$166 per barrel, down 4%. Beach maintained FY2027 production guidance of 19.5 million to 23 million barrels of oil equivalent and capital expenditure of A$600 million to A$700 million. It ended September with A$945 million in available liquidity and A$425 million in net debt.