Australia's Beach Energy posts annual profit on higher gas prices, Waitsia plant ramp up
06/08/2026 24:16
Australia's Beach Energy posts annual profit on higher gas prices, Waitsia plant ramp up Aug 6 (Reuters) - Australian oil and gas producer Beach Energy BPT.AX posted an annual profit on Thursday versus a year-ago loss, helped by higher realised gas prices, lower field operating expenses and a ramp-up in production from its Waitsia gas plant.
Beach logged a statutory net profit after tax attributable of A$281.4 million, compared with an A$43.8 million loss a year earlier.
(Reporting by Shruti Agarwal in Bengaluru; Editing by Shilpi Majumdar)
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