Beach Energy Ltd

BPT: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$8.90	Xfvy	Wfttkwmm

Beach Energy: Waitsia Precommissioning Progresses

Mark Taylor

Jul 19, 2024

Our AUD 2.40 fair value estimate for no-moat Beach Energy stands. The company reported a 6% increase in fiscal 2024 fourth-quarter production to 4.8 million barrels of oil equivalent, in line with our expectations. Otway Basin production increased by 31% due to successful connection to the Enterprise gas field and higher customer nominations. Group fiscal 2024 production fell 7% to 18.2mmboe.

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