Beach Energy Limited (BEPTF,BPT.AX), an Australian oil and gas company, on Tuesday reported a decline in sales revenue for the third quarter of fiscal 2026.
For the third quarter, the company recorded sales revenue of A$419 million, less than A$552 million in the same period last year. Sales volumes slipped to 5.3 MMboe from the previous year's 6.4 MMboe. Production was 4.8 MMboe as against 4.9 MMboe a year ago.
Looking ahead, for fiscal 2026, Beach Energy has revised down production guidance. The company now anticipates production of 19.4 MMboe to 20.3 MMboe, compared with the earlier outlook of 19.7 MMboe to 22 MMboe.
For fiscal 2026, Beach Energy has reaffirmed capital expenditure guidance of A$675 million to A$775 million and abandonment expenditure outlook of A$200 million to A$250 million.
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