Australia's Beach Energy hits three-week high; Morningstar raises FY26 earnings outlook

Beach Energy

21/10/2025 01:14

** Shares of Australia's Beach Energy BPT.AX rise 4.2% to A$1.1825, their highest since September 29

** Morningstar increases FY26 EPS forecast for co to A$0.19 from A$0.14 on expectations of higher production, improved domestic pricing and additional sales from its Waitsia Stage 2 gas project in Western Australia

** Notes co's Waitsia Stage 2 gas project is set to start production, which, at full capacity, would increase group production rates by 40% per year

** Highlights that gas from Waitsia Stage 2 will fetch LNG export pricing, which is higher than domestic gas sales prices

** Investment research firm flags an 8% increase in domestic gas price achievement in recent quarter

** YTD, stock down 15.2%

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))