EarningsQ4 2026 Earnings Report
DE:BPS Q4 2026 EPS Results
Actual EPS€0.05
Consensus EPS€0.04
Beat/MissBeat by +<€0.01
One Year Ago EPS€0.06
DE:BPS Q4 2026 Revenue Results
Actual Revenue€539.17M
Expected Revenue€244.74M
Beat/MissBeat by +€294.43M
YoY Revenue Growth-17.06%
Earnings Announcement Details
QuarterQ4 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
DE:BPS Upcoming Earnings
Beach Energy 's next earnings date is estimated for February 15, 2027, based on past reporting schedules.
Q4 2026 Earnings Call Audio
DE:BPS Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong cash generation, improved realized gas pricing, disciplined cost and capital management, robust liquidity and a clear growth pipeline (onshore and offshore) under a conservative capital framework. These positives outweigh operational headwinds (weather-related production impacts, Waitsia ramp and compressor issues), a 10% revenue decline YoY and policy uncertainty around the domestic gas reservation. Management emphasized safety, embedded owner’s mindset, and strict investment hurdles, providing confidence in the company’s ability to pursue value-accretive growth while maintaining balance sheet strength.Company Guidance
Strong cash generation and liquidity
Operating cash flow of $890 million and pre-growth free cash flow of $458 million; closed FY'26 with $213 million cash and $983 million available liquidity (up 51% YoY); delivered positive all-in free cash flow during a period of elevated capital and decommissioning activity.
Robust profitability and margins
Underlying EBITDA of $1.0 billion with an EBITDA margin of 57%; underlying NPAT of $355 million and statutory earnings of $281 million (statutory impacted by exploration write-off and unutilized processing costs).
Realized gas pricing and marketing success
Realized gas pricing increased 7% year-on-year and a 29% uplift in average realized gas pricing since H1 FY'24; 29 petajoules sold into spot and short-term markets and 6 Waitsia LNG cargoes generated $343 million of revenue.
Cost discipline and operating cost reductions
Total field operating costs reduced by 3% YoY; operated field operating costs down 18% since FY'24; sustaining capital cash payments of $422 million (below $450 million operating principle) and sustaining capital incurred $394 million, reflecting embedded capital discipline.
Safety and environmental performance
Recordable injury-free for over 18 months and no Tier 1 process safety events in FY'26; Moomba CCS safely stored nearly 2.3 million tonnes CO2 equivalent since startup.
Reserves and resource base maintained with positive revisions
2P reserves of 156 million boe at 30 June 2026 with 2P developed reserves increasing to 77% (from 76% prior year); 2C contingent resources broadly stable at 174 million boe, supported by positive Western Flank and Cooper Basin revisions.
Disciplined capital management framework and balance sheet targets
Refreshed framework prioritizes sustaining the base business, value-accretive growth, strong balance sheet and surplus returns; through-the-cycle gearing target ~15% with capacity to move to 25% for growth; net gearing at year-end 10.6% (below 15% target).
Clear FY'27 operational guidance and active work program
FY'27 production guidance 19.5–23.0 million boe; capital expenditure guidance $600–700 million with sustaining capex expected below $450 million; active multi-basin drilling campaigns (Western Flank, Cooper Basin JV ~70 wells, Taroom Trough, Perth Basin, nearshore and offshore Otway maturation).
DE:BPS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed