Beach Energy Ltd
BPT: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$8.40 | Jvy | Rwgfklf |
Beach Energy: Waitsia Precommissioning Progresses
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.