Beach Energy Ltd
BPT: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$2.80 | Ddzbc | Ltnvcyh |
Beach Energy: First Waitsia LNG Sales Hint at Revenue Boost to Come When Project Commissions
Our AUD 2.50 fair value estimate for no-moat Beach Energy stands. That’s despite the midsize Australasian oil and gas producer reporting second-quarter fiscal 2024 production down 4% on the preceding quarter to 4.3 million barrels of oil equivalent, below our 4.5mmboe expectations. Higher Otway and Cooper Basin gas production were offset by Kupe and Lang Lang's downtime.