Beach Energy's Fiscal Q3 Production Rises; Shares Up 4%

MT Newswires Live
29 Apr

Beach Energy (ASX:BPT) produced 4.9 million barrels of oil equivalent per day (MMboe) in the fiscal third quarter ended March, up from 4.5 MMboe in the year-ago period, according to a Tuesday filing with the Australian bourse.

Sales revenue rose to AU$552 million from AU$392 million. Sales volumes reached 6.4 MMboe, down from 4.8 MMboe a year earlier.

Year-to-date, production was 15.1 MMboe.

The oil producer expects to reach the mid-range of its output guidance of 18.5 MMboe to 20.5 MMboe for the full fiscal year.

Beach Energy's shares were up 4% in recent trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10