Beach Energy posts record quarterly revenue on higher output and gas prices
Beach Energy's fiscal first-quarter sales rose 41% to a record A$565 million, according to Dow Jones Newswires, helped by output and LNG cargoes.
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what happened
Australian energy producer Beach Energy reported its highest quarterly revenue on record, according to Dow Jones Newswires. Sales for the three months through September reached A$565 million, or about $395.7 million, up 41% from the prior quarter. Higher production, stronger gas prices and the lifting of two LNG cargoes all contributed.
Output totaled 5.4 million barrels of oil equivalent, 9% above the final quarter of fiscal 2026. The Otway Basin rose 20% and the Western Flank 15%. The average realized gas price was A$11.90 per gigajoule, up 7%. The Waitsia Gas Plant set a monthly average record of 219 terajoules per day in August.
The company kept its FY27 production guidance of 19.5 million to 23.0 million barrels of oil equivalent and capital expenditure guidance of A$600 million to A$700 million.
why it matters
The revenue gain reflects higher gas prices and two LNG cargo liftings. For markets, it shows Australian gas producers benefiting from firm LNG demand, while unchanged guidance points to steady near-term plans.
market impact
Australian gas: higher prices and LNG liftings support producer revenue
tags
instruments
sources
- Beach Energy's Quarterly Revenue Jumps to Record High in 1Q — Dow Jones Newswires, 20 October 2026 at 21:43 UTC
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