Australia's Beach Energy half-year profit falls as higher costs, softer oil prices weigh

Beach Energy

04/02/2026 23:11

Feb 5 (Reuters) - Australia's Beach Energy BPT.AX on Thursday reported an 8% slide in half-year profit, as higher cost-of-sales pressures during a softer oil and liquids price environment weighed on earnings.

The oil producer reported underlying net profit after tax of A$219  million ($153.28 million) for the six months ended December  31, down from A$237  million a year earlier.

($1 = 1.4288 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru; Editing by Alan Barona)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))