Beach Energy Past Earnings Performance
Past criteria checks 2/6
Beach Energy's earnings have been declining at an average annual rate of -41.1%, while the Oil and Gas industry saw earnings growing at 7.5% annually. Revenues have been growing at an average rate of 5.3% per year. Beach Energy's return on equity is 8.6%, and it has net margins of 14.6%.
Key information
-41.15%
Earnings growth rate
-41.15%
EPS growth rate
| Oil and Gas Industry Growth | 32.60% |
| Revenue growth rate | 5.25% |
| Return on equity | 8.59% |
| Net Margin | 14.65% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Narrative Update • Aug 21
BPT: Western Flank Drilling Success And Royalties Will Support Future Upside
Analysts have reduced their fair value estimate for Beach Energy from A$2.03 to A$1.80, citing updated assumptions that include a higher discount rate, more moderate revenue growth, a slightly higher profit margin and a modestly higher future P/E. What’s in the News for Beach Energy Beach Energy reported its 2026 annual production results for the Western Flank, with total production down 35% compared with the prior year, due to Cooper Basin flooding in 2025, heavy rains in the first quarter of FY26 and natural field decline, partly offset by new well connections.
Narrative Update • Aug 07
BPT: Weaker Margins And Production Mix Will Restrain Future Share Price
Analysts have trimmed their 12 month price target for Beach Energy to A$0.73 from A$0.78, reflecting updated assumptions for weaker revenue growth, a lower profit margin profile, a higher discount rate and a higher expected future P/E multiple. What’s in the News for Beach Energy Fourth quarter production from the Western Flank was in line with the prior quarter, according to Beach Energy’s latest product related announcement.
Narrative Update • Jul 22
BPT: Domestic Gas Focus And Dividend Reset Will Support Future Earnings
Analysts have trimmed their price target for Beach Energy to A$1.07 from A$1.19, citing updated assumptions that reflect slightly softer projected revenue growth, a marginally lower profit margin, and a modestly reduced future P/E multiple. What's in the News Beach Energy is positioning itself as a key supplier to Australia's tight east coast gas market, focusing on domestic gas production across the Cooper, Otway and Perth basins while also gaining LNG exposure through the Waitsia asset.Narrative Update • Jul 08
BPT: Gas Portfolio Expansion And Royalties Will Support Future Upside
Analysts have trimmed their price target on Beach Energy to A$2.03 from A$2.16. The revision reflects updated assumptions for slightly higher discount rates, more moderate revenue growth, softer profit margins and a higher future P/E multiple.Narrative Update • Jun 24
BPT: Waitsia Spending And Dividend Reset Will Support Future Earnings Multiple
Analysts have trimmed their fair value estimate for Beach Energy from A$1.24 to A$1.19, reflecting updated assumptions for slower revenue growth, a slightly higher profit margin, and a modestly lower future P/E multiple. What's in the News Beach Energy cut its interim dividend by 67%, citing higher capital expenditure as it directs more spending to the Waitsia Gas Project, according to recent company announcements.Analysis Article • Jun 17
Beach Energy (ASX:BPT) Shares Could Be 18% Undervalued After Dividend Cut And Waitsia Spend
Beach Energy (ASX:BPT) is back in focus after a sharp 67% cut to its interim dividend. The move is tied to heavy capital spending and the Waitsia Gas Project, alongside shares touching a five-year low. See our latest analysis for Beach Energy. The share price reaction has been harsh, with Beach Energy stock down 17.4% on a 90 day share price return basis and the 1 year total shareholder return falling 19.3%. This signals fading momentum as investors reassess future cash flows and project...Narrative Update • Jun 08
BPT: Artisan Sale And Royalties Will Support Future Earnings Multiple
Analysts have nudged their price target for Beach Energy slightly higher to A$1.24 from A$1.23, linking the change to updated assumptions around revenue, margins and future P/E expectations. What's in the News Beach Energy agreed to sell a 60% operated interest in the offshore VIC/L35 petroleum production licence in the Otway Basin, including the Artisan gas discovery, to Amplitude Energy and O.G. Otway for A$70 million in cash.Narrative Update • May 25
BPT: Fair Outlook Will Balance Drilling Progress, Weather Disruptions And Earnings Multiple
Analysts have trimmed their fair value estimate for Beach Energy to A$1.23 from A$1.24 as they factor in a higher discount rate, softer revenue growth assumptions, slightly lower profit margins, and a higher future P/E. These changes result in a modestly lower price target.Narrative Update • May 02
BPT: Weaker Dividend Payout Will Constrain Future Share Price Upside
Analysts have lifted their fair value estimate for Beach Energy from A$0.65 to A$0.78, citing updated assumptions on revenue trends, higher expected profit margins and a slight adjustment to the forward P/E multiple. What's in the News Beach Energy declared a fully franked cash dividend of A$0.01 per share for the six months ended December 31, 2025, with an ex date of February 26, 2026, a record date of February 27, 2026, and a payment date of March 31, 2026 (Key Developments).Narrative Update • Apr 16
BPT: Higher Output Guidance And Dividend Policy Will Support Future Upside
Analysts have lifted their price target on Beach Energy from A$2.03 to A$2.16, citing updated expectations for revenue, profit margin and future P/E assumptions. What's in the News Beach Energy declared a fully franked cash dividend of A$0.01 per share for the six months ended December 31, 2025, with an ex date of February 26, 2026, a record date of February 27, 2026, and a payment date of March 31, 2026 (Key Developments).Narrative Update • Apr 01
BPT: Fair Outlook Will Balance Dividend Cut, Production Guidance And Earnings Multiple
Analysts have nudged their fair value estimate for Beach Energy higher from A$1.20 to A$1.24, reflecting updated assumptions around future revenue growth, profit margins and the stock's forward P/E profile. What's in the News Beach Energy declared a fully franked cash dividend of A$0.01 per share for the six months ended 31 December 2025, with an ex date of 26 February 2026, a record date of 27 February 2026, and a payment date of 31 March 2026 (Key Developments).Narrative Update • Mar 18
BPT: Fair Outlook Will Balance Dividend, Production Guidance And Market Multiple
Analysts have nudged their fair value estimate for Beach Energy to A$1.20 from A$1.18, reflecting updated assumptions around modestly positive revenue growth, slightly higher profit margins and a marginally lower future P/E multiple. What's in the News Declared a fully franked cash dividend of A$0.01 per share for the six months ended December 31, 2025, with an ex-date on February 26, 2026, a record date on February 27, 2026, and a payment date on March 31, 2026 (company announcement).Narrative Update • Mar 04
BPT: Lower Dividend And Modest Margin Lift Will Limit Future Upside
Analysts have kept their A$ fair value estimate for Beach Energy steady, with only small tweaks to revenue growth, profit margin and future P/E assumptions contributing to the updated price target and supporting narrative. What's in the News Beach Energy declared a fully franked cash dividend of A$0.01 per share for the six months ended 31 December 2025, with an ex date of 26 February 2026, record date of 27 February 2026, and payment date of 31 March 2026 (company announcement).Narrative Update • Feb 18
BPT: Weaker Margins And Lower Future P/E Will Pressure Earnings
Analysts have trimmed their fair value estimate for Beach Energy from A$0.76 to A$0.65, citing slightly higher discount rate assumptions, a modestly weaker profit margin outlook and a lower future P/E multiple. What's in the News Beach Energy declared a fully franked cash dividend of A$0.01 per share for the six months ended December 31, 2025, with an ex date of February 26, 2026, record date of February 27, 2026, and payment date of March 31, 2026 (Key Developments).Narrative Update • Feb 04
BPT: Fair Outlook Will Balance Softer Margins With Supportive Market Multiple
Analysts have trimmed their fair value estimate for Beach Energy from A$1.19 to about A$1.18, tying the change to updated expectations for revenue growth, profit margins and a slightly higher future P/E multiple. Valuation Changes Fair Value: Trimmed slightly from A$1.19 to about A$1.18 per share, reflecting updated model inputs.Narrative Update • Jan 21
BPT: Western Flank Production Declines Will Likely Pressure Future Earnings
Analysts have slightly reduced their fair value estimate for Beach Energy from A$0.77 to A$0.76, reflecting updated assumptions around revenue, margins and the forward P/E multiple. Valuation Changes Fair value estimate has been reduced slightly from A$0.77 to A$0.76 per share.Narrative Update • Jan 06
BPT: Refreshed Buy Rating Will Support Confidence Despite Softer Production Trends
Analysts have nudged their price target for Beach Energy slightly higher, with a fresh A$1.30 target helping to lift the modelled fair value from about A$1.19 to A$1.20. This reflects updated assumptions on revenue, margins and future P/E, as well as recent positive Street research.Analysis Article • Dec 23
Little Excitement Around Beach Energy Limited's (ASX:BPT) Revenues
Beach Energy Limited's ( ASX:BPT ) price-to-sales (or "P/S") ratio of 1.3x might make it look like a strong buy right...Narrative Update • Dec 17
BPT: Western Flank Production Declines Will Likely Pressure Future Earnings
Analysts have raised their price target on Beach Energy to A$1.30 from A$0.95, citing improved revenue growth expectations and a more attractive forward earnings multiple, despite slightly lower forecast margins and fair value. Analyst Commentary While the latest upgrade underscores improving sentiment toward Beach Energy, bearish analysts remain cautious, highlighting a number of risks that could limit upside to the new price target.Narrative Update • Dec 02
BPT: Upgraded Buy Rating Will Support Confidence Despite Production Declines
Analysts have marginally lowered their fair value estimate for Beach Energy from A$1.21 to A$1.20 per share, citing modest adjustments to profit margin and revenue growth projections. They also highlighted a recent upgrade to Buy based on improved outlook.Analysis Article • Nov 26
Is Beach Energy (ASX:BPT) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Narrative Update • Nov 18
BPT: Upgraded Rating May Offset Risks From Slowing Production Trends
Analysts have slightly increased their price target for Beach Energy, raising it from A$1.21 to A$1.30 per share. They cited an improved outlook and recent positive research updates as reasons for the revision.Narrative Update • Nov 02
BPT: Upgraded Rating And Asset Strength Will Support Stability Amid Production Declines
Beach Energy's analyst price target has been revised slightly lower from A$1.23 to A$1.21. This reflects analysts' updated views on revenue growth and profitability following recent research upgrades.Narrative Update • Oct 19
Waitsia Gas Project Will Boost Australian LNG Export Potential
Narrative Update on Beach Energy Analysts have adjusted their price target for Beach Energy slightly downward by reducing the fair value estimate from $1.24 to $1.23. They cite modestly lower projected revenue growth and profit margins in their updated models.Narrative Update • Oct 05
Waitsia Gas Project Will Boost Australian LNG Export Potential
Analysts have slightly lowered their price target for Beach Energy to $1.24 per share. They cite subtle adjustments in revenue growth, profit margin forecasts, and discount rate assumptions as the reasons for this change.Analysis Article • Aug 07
Beach Energy's (ASX:BPT) Upcoming Dividend Will Be Larger Than Last Year's
Beach Energy Limited ( ASX:BPT ) has announced that it will be increasing its dividend from last year's comparable...Analysis Article • Jul 23
Beach Energy (ASX:BPT) May Have Issues Allocating Its Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Jun 18
There's No Escaping Beach Energy Limited's (ASX:BPT) Muted Revenues
Beach Energy Limited's ( ASX:BPT ) price-to-sales (or "P/S") ratio of 1.7x might make it look like a strong buy right...
New Narrative • May 02
Moomba CCS And Thylacine West Projects Will Streamline Operations
Successful project completions and initiatives are expected to boost production, reduce emissions, and enhance operational efficiency and future revenue.Analysis Article • Apr 12
Beach Energy (ASX:BPT) Has A Pretty Healthy Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Mar 04
Beach Energy Limited's (ASX:BPT) Revenues Are Not Doing Enough For Some Investors
Beach Energy Limited's ( ASX:BPT ) price-to-sales (or "P/S") ratio of 1.7x might make it look like a strong buy right...Analysis Article • Feb 12
Shareholders Will Be Pleased With The Quality of Beach Energy's (ASX:BPT) Earnings
Beach Energy Limited's ( ASX:BPT ) earnings announcement last week was disappointing for investors, despite the decent...Analysis Article • Feb 08
Beach Energy Limited (ASX:BPT) Half-Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year
It's been a mediocre week for Beach Energy Limited ( ASX:BPT ) shareholders, with the stock dropping 10% to AU$1.37 in...Analysis Article • Feb 07
Returns On Capital At Beach Energy (ASX:BPT) Paint A Concerning Picture
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Dec 16
Beach Energy (ASX:BPT) Is Making Moderate Use Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Sep 24
Beach Energy Limited's (ASX:BPT) Prospects Need A Boost To Lift Shares
With a price-to-sales (or "P/S") ratio of 1.5x Beach Energy Limited ( ASX:BPT ) may be sending very bullish signals at...Analysis Article • Aug 29
Beach Energy (ASX:BPT) Has Announced A Dividend Of A$0.02
The board of Beach Energy Limited ( ASX:BPT ) has announced that it will pay a dividend of A$0.02 per share on the 30th...Analysis Article • Aug 16
Beach Energy Limited (ASX:BPT) Just Reported, And Analysts Assigned A AU$1.58 Price Target
Last week, you might have seen that Beach Energy Limited ( ASX:BPT ) released its annual result to the market. The...Analysis Article • Aug 14
Beach Energy (ASX:BPT) Has Affirmed Its Dividend Of A$0.02
The board of Beach Energy Limited ( ASX:BPT ) has announced that it will pay a dividend on the 30th of September, with...Analysis Article • Jun 06
Beach Energy Limited's (ASX:BPT) Shares Lagging The Industry But So Is The Business
Beach Energy Limited's ( ASX:BPT ) price-to-sales (or "P/S") ratio of 2.1x might make it look like a strong buy right...Analysis Article • Apr 07
Does Beach Energy (ASX:BPT) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jan 09
Investors Continue Waiting On Sidelines For Beach Energy Limited (ASX:BPT)
Beach Energy Limited's ( ASX:BPT ) price-to-earnings (or "P/E") ratio of 9x might make it look like a strong buy right...Analysis Article • Dec 15
Slowing Rates Of Return At Beach Energy (ASX:BPT) Leave Little Room For Excitement
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...Analysis Article • Sep 23
Beach Energy (ASX:BPT) Has A Somewhat Strained Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Sep 01
Beach Energy (ASX:BPT) Is Increasing Its Dividend To A$0.02
Beach Energy Limited ( ASX:BPT ) has announced that it will be increasing its dividend from last year's comparable...Analysis Article • Aug 18
Beach Energy (ASX:BPT) Is Increasing Its Dividend To A$0.02
Beach Energy Limited ( ASX:BPT ) will increase its dividend from last year's comparable payment on the 3rd of October...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Beach Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 1,921 | 281 | 103 | 0 |
| 31 Mar 26 | 2,012 | 83 | 97 | 0 |
| 31 Dec 25 | 2,102 | -116 | 90 | 0 |
| 30 Sep 25 | 2,104 | -80 | 61 | 0 |
| 30 Jun 25 | 2,106 | -44 | 31 | 0 |
| 31 Mar 25 | 2,013 | 24 | 23 | 0 |
| 31 Dec 24 | 1,921 | 92 | 16 | 0 |
| 30 Sep 24 | 1,890 | -192 | 14 | 0 |
| 30 Jun 24 | 1,859 | -475 | 11 | 0 |
| 31 Mar 24 | 1,830 | -313 | 14 | 0 |
| 31 Dec 23 | 1,801 | -151 | 17 | 0 |
| 30 Sep 23 | 1,724 | 125 | 17 | 0 |
| 30 Jun 23 | 1,646 | 401 | 17 | 0 |
| 31 Mar 23 | 1,724 | 448 | 16 | 0 |
| 31 Dec 22 | 1,801 | 495 | 16 | 0 |
| 30 Sep 22 | 1,786 | 498 | 15 | 0 |
| 30 Jun 22 | 1,771 | 501 | 15 | 0 |
| 31 Mar 22 | 1,702 | 451 | 23 | 0 |
| 31 Dec 21 | 1,633 | 401 | 32 | 0 |
| 30 Sep 21 | 1,598 | 359 | 52 | 0 |
| 30 Jun 21 | 1,562 | 317 | 73 | 0 |
| 31 Mar 21 | 1,534 | 333 | 76 | 0 |
| 31 Dec 20 | 1,506 | 349 | 79 | 0 |
| 30 Sep 20 | 1,617 | 424 | 58 | 0 |
| 30 Jun 20 | 1,728 | 499 | 38 | 0 |
| 31 Mar 20 | 1,849 | 536 | 35 | 0 |
| 31 Dec 19 | 1,969 | 573 | 33 | 0 |
| 30 Sep 19 | 2,023 | 575 | 37 | 0 |
| 30 Jun 19 | 2,078 | 577 | 42 | 0 |
| 31 Mar 19 | 2,005 | 482 | 43 | 0 |
| 31 Dec 18 | 1,932 | 386 | 45 | 0 |
| 30 Sep 18 | 1,600 | 292 | 44 | 0 |
| 30 Jun 18 | 1,267 | 199 | 44 | 0 |
| 31 Mar 18 | 984 | 289 | 38 | 0 |
| 31 Dec 17 | 701 | 380 | 33 | 0 |
| 30 Sep 17 | 677 | 384 | 34 | 0 |
| 30 Jun 17 | 653 | 388 | 34 | 0 |
| 31 Mar 17 | 642 | 251 | 40 | 0 |
| 31 Dec 16 | 631 | 115 | 46 | 0 |
| 30 Sep 16 | 594 | -237 | 43 | 0 |
| 30 Jun 16 | 558 | -589 | 40 | 0 |
| 31 Mar 16 | 565 | -812 | 38 | 0 |
| 31 Dec 15 | 573 | -1,035 | 36 | 0 |
| 30 Sep 15 | 650 | -775 | 37 | 0 |
Quality Earnings: BPT has high quality earnings.
Growing Profit Margin: BPT became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BPT's earnings have declined by 41.1% per year over the past 5 years.
Accelerating Growth: BPT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BPT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-25.1%).
Return on Equity
High ROE: BPT's Return on Equity (8.6%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/23 05:15 |
| End of Day Share Price | 2026/08/21 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2026/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Beach Energy Limited is covered by 21 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Uwan Minogue | Barrenjoey Markets Pty Limited |
| Stuart Howe | Bell Potter |
| Matt Chalmers | BofA Global Research |