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Australian oil and gas producer with operations in the Cooper Basin, Otway and Bass Basins and Western Australia.
Australian oil and gas producer with operations in the Cooper Basin, Otway and Bass Basins and Western Australia.
Sells gas to retailers and industrial users in Australia's east-coast market under supply contracts, with oil and liquids priced off global benchmarks. Gas carries the company's growth, and it also sells gas from Western Australia's Waitsia field, which it shares with a partner.
In one line: A mid-cap US onshore/offshore gas producer.
Moat: none. Commodity oil & gas producer without structural cost or scale advantage over peers.
Headquarters: Adelaide, Australia · Founded: 1961 · Employees: 455
Size Beach Energy (BPT.AX) is an Australia Energy company (Oil & Gas Production) with a market value of $1.42B, the 149th largest of 316 Australia companies the cockpit tracks. Shares closed at A$0.90 on 6 Nov 2026.
Performance Over six months the shares fell 16.3%, against -18.5% for the median peer and +4.1% for the Australia market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue fell 8.8% over the last twelve months (peer median +13.6%); the operating margin is 20.6% (peer median 20.1%).
Valuation It trades at 5.5× forward earnings against a peer median of 10.9× (6th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.4 points above its cost of capital (6.1% WACC).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$1.92B | A$1.92B | A$2.11B | A$1.86B | A$1.65B |
| Revenue growth | — | -9% | +13% | +13% | — |
| Gross profit | A$421M | A$421M | A$666M | A$493M | A$579M |
| EBITDA | A$877M | A$917M | A$1.13B | A$935M | A$1.01B |
| Net income | A$281M | A$281M | -A$43.8M | -A$475M | A$401M |
| Free cash flow | A$351M | A$351M | A$420M | -A$155M | -A$97.4M |
| Capital expenditure | A$734M | A$734M | A$793M | A$1.09B | A$1.17B |
| Total debt | n/a | A$632M | A$572M | A$795M | A$408M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Beach Energy BPT.AX | $1.42B | -16% | -9% | 21% | 5.5× | -12.2% |
| Santos STO.AX | $19.2B | +11% | -8% | 21% | 8.1× | 11.7% |
| Woodside Energy WDS.AX | $40.4B | 0% | -10% | 26% | 9.4× | n/a |
| Origin Energy ORG.AX | $14.4B | +5% | -10% | 8% | 16.2× | 10.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BPT.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.7% | -10.1% | 2nd highest of 21 |
| 6-month return | -16.3% | -18.5% | 9th highest of 20 |
| Distance from 52-week high | -32.6% | -31.3% | 11th highest of 21 |
| Revenue growth (TTM) | -8.8% | +13.6% | 5th lowest of 18 |
| Operating margin | 20.6% | 20.1% | 9th highest of 18 |
| Forward P/E | 5.5× | 10.9× | 6th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -12.2% | -6.8% | 4th least demanding of 11 |
| Growth delivered (Del g) | +4.2% | +29.4% | lowest of 10 |
| Hurdle (Req g minus delivered) | -16.5 pp | -32.8 pp | 3rd most demanding of 10 |
| ROIC minus cost of capital | +1.4 pp | +0.7 pp | 10th highest of 21 |
| EV / EBITDA | 2.8× | 4.6× | 3rd cheapest of 17 |
| Net debt / EBITDA | 0.5× | 1.1× | 6th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beach Energy BPT.AX | Australia | $1.42B | -16% | -9% | 21% | 5.5× | -12.2% | +4.2% |
| Cardinal Energy CJ.TO | Canada | $1.40B | -8% | +18% | 31% | 11.8× | 5.3% | +17.9% |
| Parex Resources PXT.TO | Canada | $1.36B | -30% | +14% | 29% | 3.5× | -11.2% | +11.5% |
| BlueNord BNOR.OL | Norway | $1.49B | -6% | +28% | 32% | 10.9× | -12.2% | +15.0% |
| Zhongman Petroleum and Natural Gas 603619.SS | China | $1.30B | -42% | -13% | 20% | 20.7× | n/a | n/a |
| NextDecade NEXT | United States | $1.56B | -23% | n/a | n/a | n/a | n/a | n/a |
| Etablissements Maurel & Prom MAU.PA | France | $1.57B | -29% | -11% | 31% | 5.4× | n/a | n/a |
| Vedanta Oil and Gas VOGL.NS | India | $1.27B | n/a | n/a | n/a | n/a | n/a | n/a |
| Advantage Energy AAV.TO | Canada | $1.26B | +6% | +14% | 20% | 16.0× | n/a | n/a |
| Vermilion Energy VET.TO | Canada | $1.61B | -9% | -2% | 14% | 4.3× | -0.8% | +9.1% |
| Spartan Delta SDE.TO | Canada | $1.63B | -11% | +93% | 32% | 7.6× | n/a | n/a |
| Serica Energy SER.L | United Kingdom | $1.20B | -17% | +64% | 23% | 12.6× | -13.0% | +29.4% |
| Energean ENOG.L | United Kingdom | $1.72B | -19% | +9% | 27% | 4.2× | -2.4% | +126.8% |
| Oriental Energy 002221.SZ | China | $1.17B | -36% | -22% | 3% | 15.2× | n/a | n/a |
| Tenaz Energy TNZ.TO | Canada | $1.13B | -21% | +381% | 16% | 11.9× | 17.7% | +103.4% |
| Valeura Energy VLE.TO | Canada | $1.07B | +11% | +6% | 17% | 9.9× | -17.3% | +141.2% |
| Select Water Solutions WTTR | United States | $2.09B | -4% | -2% | 4% | 28.9× | n/a | n/a |
| Rockhopper Exploration RKH.L | United Kingdom | $937M | -18% | n/a | n/a | n/a | n/a | n/a |
| Meren Energy MER.TO | Canada | $921M | -19% | +388% | 22% | 5.8× | -16.4% | n/a |
| HighPeak Energy HPK | United States | $903M | +23% | -13% | 16% | 24.6× | n/a | n/a |
| Diversified Energy DEC | United States | $899M | -19% | +109% | 15% | 2.1× | -0.5% | +32.3% |