Australia's Beach Energy plunges most in one-year on output, floods

Beach Energy

31/07/2025 02:16

** Shares of Beach Energy BPT.AX down as much as 11.6% to A$1.140, biggest intraday pct loss since Aug 12, 2024

** Oil producer posts Q4 sales revenue of A$455 million($292.97 million), a 17% quarter-on-quarter fall

** Flags lower prices and fewer LNG cargoes

** Co says floods peaked at its Cooper Basin but expects a continuing impact on production during the first half of FY26

** YTD, BPT down 13.4%

($1 = 1.5530 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))