Past year: ▼ 33%(83.5c – 1.29 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
16 June 2025asset acquisition disposition● Neutral
Vintage Energy announces selling its 25% of PEP 171 (onshore Otway Basin, Victoria) to Beach's subsidiary Adelaide Energy for $1.25m, subject to approvals and Beach becoming operator. Amplitude holds the other 75%. Small bolt-on for Beach.
4 June 2025other● Neutral
Appendix 3Y: Brett Woods acquired 2,100 shares at $1.36 under the employee salary sacrifice plan, taking his holding to 3,639 shares. Administrative notice.
21 Feb 2025other● Neutral
Appendix 3Y: Brett Woods acquired 1,249 shares at $1.43 under the employee salary sacrifice plan, taking his holding to 1,539 shares. Administrative notice.
6 Feb 2025half year report▲ Good
Interim report for the half to 31 December 2024: net profit $222.3m versus a $345.1m loss a year earlier, with underlying NPAT up 37% to $236.9m. Interim dividend 3.0c, paid 31 March 2025. Statutory detail of the results announced the same day.
6 Feb 2025investor presentation● Neutral
Slides for the H1 FY25 results released the same day. The extract shows only disclaimers and assumptions (Brent US$75.5/bbl for remainder of FY25); no new information visible.
6 Feb 2025half year report▲ GoodMajor
H1 FY25 underlying NPAT rose 37% to $237m, production rose 15% to 10.2 MMboe, and net gearing fell to 10%. Interim dividend raised 50% to 3.0c. FY25 production guidance narrowed to 18.5-20.5 MMboe; Waitsia first sales gas targeted Q4 FY25.
30 Jan 2025other● Neutral
Notice that half-year results will be released on 6 February 2025 with a webcast. Administrative only.
9 Dec 2024investor presentation● Neutral
Presentation for a 10 December 2024 Perth Basin site visit at the Waitsia Gas Plant. The extract shows only disclaimers and assumptions (Brent US$82.75/bbl for FY25), so no new information is visible.
25 Oct 2024production update▲ GoodMajor
First gas from the Thylacine West 1 and 2 wells, connected to the Otway Gas Plant. Beach calls it the largest offshore drilling and development program in the Otway Basin, completing the campaign and materially increasing plant well deliverability.
17 Oct 2024production update▲ GoodMajor
Moomba CCS, in which Beach holds 33.4% and Santos operates, took its first CO2 injection on 30 September 2024 and is at capacity rates. It can store about 1.7 Mt of CO2 a year, roughly a third of Beach's equity emissions. This completes the build.
29 Aug 2024listing compliance notice▼ BadMajor
Replying to an ASX query, Beach says Enterprise pressure data alone was not material, but the 11.5 MMboe Enterprise revision and a 31.5 MMboe net 2P revision were. Total 2P fell about 50 MMboe to 205 MMboe, including 18.2 MMboe of production. This explains the Enterprise reserves cut.
28 Aug 2024director officer appointment● Neutral
Joint Company Secretary Susan Jones resigned with immediate effect. Christian Paech, a former Santos general counsel and company secretary, is appointed EVP Legal & Corporate Affairs and Joint Company Secretary. David Lim continues in the role.
12 Aug 2024annual report▼ BadMajor
FY24 revenue rose 9% to $1.8bn but underlying NPAT fell 11% to $341m. Production fell 7% to 18.2 MMboe. Enterprise pressure data points to a smaller reservoir, so 2P reserves were cut by 11.5 MMboe. Net gearing is 15% and the final dividend is 2.0c.
12 Aug 2024annual report● Neutral
The 2024 Annual Report is the full-form version of the FY24 results, covering operations, reserves, sustainability and financial statements. The AGM is set for 13 November 2024. The extract shows no new information.
12 Aug 2024annual report▼ Bad
Appendix 4E for FY24: revenue up 9% to $1,797.6m, a net loss of $475.3m, and underlying NPAT down 11% to $341.3m. Final dividend is 2.0c, paid 30 September 2024. This is the statutory-form detail of the results announced the same day.
12 Aug 2024other● Neutral
Appendix 4G governance checklist, lodged with the annual report and pointing to the Corporate Governance Statement on Beach's website. Administrative only.
12 Aug 2024investor presentation● Neutral
Slides for the FY24 results released the same day. The extract shows only disclaimers and assumptions (Brent US$82.75/bbl for FY25); no new information.
12 Aug 2024annual report● Neutral
The 2024 Corporate Governance Statement, approved by the board on 9 August 2024, describes board roles and skills. The board has seven directors. Routine compliance document.
5 Aug 2024other● Neutral
Notice that FY24 results will be released on 12 August 2024, with a webcast led by CEO Brett Woods and CFO Anne-Marie Barbaro. Administrative only.
18 June 2024investor presentation● NeutralMajor
Presentation of the strategic review outcomes promised for 18 June, following the 30% headcount cut announced in March. The extract shows only disclaimers and assumptions (Brent US$82.75/bbl for FY25), so the specific outcomes are not visible here.
13 June 2024production update▲ GoodMajor
First sales gas from the Enterprise field reached the Otway Gas Plant on 12 June 2024. The field, discovered in FY21, carries 2P reserves of 34 MMboe gross (20 MMboe net) and supplies gas under the Origin GSA to end-CY2026. This completes the Enterprise development thread.
11 June 2024asset acquisition disposition▼ BadMajor
Beach expects a $365-400m pre-tax non-cash impairment in FY24: Taranaki (Kupe South 9 recovery lower) $115-125m, Bass Basin $250-275m. Bass Basin discoveries (Trefoil, Bass, White Ibis, Yolla West) will not be developed for now, and development planning has ceased.
20 May 2024other● Neutral
Beach will announce the outcomes of its strategic review on 18 June 2024, with a webcast led by Brett Woods. Scheduling notice only.
13 May 2024other● Neutral
Beach moves its share registry from Computershare to Boardroom from 13 May 2024. No action is required by shareholders, though issuer-sponsored holders' reference numbers gain an '8' prefix. Administrative.
24 Apr 2024quarterly activities report▼ BadMajor
March quarter production rose 4% to 4.5 MMboe; revenue fell 28% to $392m. Redback Deep 1 found 28 m of net pay. FY24 production guidance cut to 18.0-18.5 MMboe. Waitsia guidance of early CY2025 maintained; Enterprise approval received.
8 Apr 2024joint venture update▼ BadMajor
Waitsia Stage 2 slips again: first gas now early CY2025 (was mid-CY2024) and net capex rises to $600-650m (was $450-500m), after further quality issues in pre-commissioning. This follows earlier delays and cost increases.
2 Apr 2024regulatory community update● Neutral
Beach releases its first Climate Transition Action Plan, adding a target of under 0.2% methane intensity by 2025. It keeps the 35% emissions intensity cut by 2030 and net zero 2050 ambition. It also pursues executive pay linked to these targets.
28 Mar 2024other● NeutralMajor
The first stage of the strategic review is complete, with a new asset-based structure from 8 April 2024. Beach will cut headcount by 30% and several executives will leave. This is a strategy shift under the new CEO, aimed at lower costs.
12 Mar 2024director officer appointment● Neutral
Former Shell executive Sally Martin joins as an independent non-executive director from 11 March 2024. The chair links her appointment to a comprehensive review of Beach's structure, cost base and strategy.
12 Feb 2024half year report▼ BadMajor
H1 FY24 sales revenue rose 16% to $941m, but production fell 11% to 8.8 MMboe and underlying NPAT fell 10% to $173m. A $721m impairment drove a statutory loss. Net gearing is 12%, debt facility $920m, FY24 production guidance 18-20 MMboe.
