BEACH ENERGY LIMITED (BPT)
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BPT

BPT - BEACH ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: 0.69
Index: ASX200 | ASX300 | ALL-ORDS

Beach Energy is an Australian oil and gas exploration and production company and is the largest onshore oil producer locally. Founded in 1961 as Beach Petroleum it listed in 1972 and changed its name to Beach Energy in 2009.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.865

07 Aug
2026

-0.020

OPEN

$0.89

-2.26%

HIGH

$0.90

12,096,543

LOW

$0.86

TARGET
$0.863 -0.2% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEL . ALD . BHP . BRU . CRD . CVN . FAR . HE8 . HZN . KAR . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
BPT: 1
Title FY25
Actual
FY26
Actual
FY27
Forecast
FY28
Forecast
EPS (cps) xxx 12.3 13.5 xxx
DPS (cps) xxx 0.0 2.5 xxx
EPS Growth xxx N/A 9.4% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 6.1 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx N/A 18.5% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 26/02 - ex-div 1c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx12.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,921.2 M
Book Value Per Share xxxxxxxxxxxxxxx143.7
Net Operating Cash Flow xxxxxxxxxxxxxxx889.7 M
Net Profit Margin xxxxxxxxxxxxxxx14.65 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx8.75 %
Return on Invested Capital xxxxxxxxxxxxxxx7.71 %
Return on Assets xxxxxxxxxxxxxxx5.26 %
Return on Equity xxxxxxxxxxxxxxx8.75 %
Return on Total Capital xxxxxxxxxxxxxxx10.36 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx191.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx12 M
Long Term Debt xxxxxxxxxxxxxxx620 M
Total Debt xxxxxxxxxxxxxxx632 M
Goodwill - Gross xxxxxxxxxxxxxxx57 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx213 M
Price To Book Value xxxxxxxxxxxxxxx0.60

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx734.2 M
Capex % of Sales xxxxxxxxxxxxxxx38.22 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,501 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx25 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.6

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

07/08/2026

5

Sell

$0.82

-5.20%

UBS maintains its Sell rating for Beach Energy following the release of FY26 financials and lowers its target to 82c from 85c.

Underlying net profit marginally exceeded consensus, but FY27 production guidance is -6% below consensus at the midpoint while depreciation and capex guidance are 13% and 4% higher, respectively.

Commentary suggests the new capital-allocation framework prioritises organic and acquired growth over shareholder returns, creating a risk of low or no near-term dividends.

UBS considers reserve replacement increasingly urgent, with Beach holding only around six years of 2P reserves, although low gearing provides capacity to borrow $900m-$1.1bn for development or acquisitions.

FY26-FY28 EPS forecasts fall -2%, -24% and -9%, respectively, with exploration success offering upside while uncertain domestic gas policy, weaker production and growth spending remain the primary risks.

FORECAST
UBS forecasts a full year FY27 dividend of 2.00 cents and EPS of 15.00 cents.
UBS forecasts a full year FY28 dividend of 2.00 cents and EPS of 17.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

27/07/2026

4

Underweight

$0.76

-12.14%

Jarden maintains an Underweight rating for Beach Energy with its target price reduced to $0.76 from $0.79 following a June quarter operational update impacted by ongoing teething issues at the Waitsia gas project.

An upward adjustment to the condensate conversion factor enabled the group to deliver production at the lower end of revised guidance.

Net debt performance beat expectations due to delayed restoration expenditure alongside restructured joint venture LNG balancing arrangements with Mitsui.

Scheduled maintenance at Waitsia during September delays evaluation of sustained nameplate production capacity until the December quarter.

The analyst expects an upcoming capital management framework review in August to pivot priority away from dividend distributions towards growth funding.

BPT STOCK CHART