Beach Energy Limited (ASX: BPT)

Beach Energy Limited is an Australia-based oil and gas exploration and production company. The Company has operations in South Australia, Victoria, Western Australia and New Zealand.

In South Australia, it operates Cooper/Eromanga Basin and Otway Basin South Australia. It operates Otway Basin Victoria and Bass Basin in Victoria. It operates Perth Basin in Western Australia. It operates Taranaki Basin in New Zealand. The Otway Basin Victoria is an onshore and offshore basin which extends approximately 500 kilometers from Cape Jaffa in South Australia to north-west Tasmania. The Company has around 33% ownership interest in the Moomba Carbon Capture & Storage (CCS) Project, operated by its joint venture partner Santos.

Its Enterprise Project is a program to develop additional offshore natural gas reservoirs in the Victorian Otway Basin. Its Perth Basin operations consist of the Waitsia project (operated by Mitsui E&P Australia) and Beharra Springs (operated by Beach Energy) projects.

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REVENUE IN AUD (TTM)

1.80bn

NET INCOME IN AUD

-475.30m

Year on year Beach Energy Ltd had net income fall from a gain of 400.80m to a loss of 475.30m despite a 9.18% increase in revenues from 1.65bn to 1.80bn. An increase in the cost of goods sold as a percentage of sales from 64.12% to 72.00% was a component in the falling net income despite rising revenues.