Beach Energy Ltd

BPT: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$3.60	Xpwyg	Mhjmzjwbm

Beach Energy: First Waitsia LNG Sales Hint at Revenue Boost to Come When Project Commissions

Mark Taylor

Jan 29, 2024

Our AUD 2.50 fair value estimate for no-moat Beach Energy stands. That’s despite the midsize Australasian oil and gas producer reporting second-quarter fiscal 2024 production down 4% on the preceding quarter to 4.3 million barrels of oil equivalent, below our 4.5mmboe expectations. Higher Otway and Cooper Basin gas production were offset by Kupe and Lang Lang's downtime.

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