Australia's Beach Energy slips after company trims annual production outlook

Beach Energy

28/04/2026 02:29

** Shares of Beach Energy BPT.AX fall as much as 4.6% to A$1.14 in early trade, their lowest point since March 17

** Stock logs its largest intraday pct loss since April 8

** The oil and gas explorer revises FY26 production outlook to 19.4 mmboe-20.3 mmboe vs earlier forecast of 19.7 mmboe-22 mmboe

** Also logs a 2% rise in third-quarter production to 4.8 mmboe, but books a 24.1% decline in sales rev to A$419 million ($301.09 million)

** Stock down 1.3% YTD, including the day's moves

($1 = 1.3916 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))