Beach Energy's Earnings Still Face Headwinds -- Market Talk

Dow Jones

Jul 07, 2025

0136 GMT - Beach Energy remains one of Morgan Stanley's least-preferred Australian energy stocks ahead of its 4Q production update. Recent swings in oil prices have been positive for Beach, and MS raises its EPS estimate for FY 2025 by 4%. However, MS pushes back its expectation for maiden natural gas output from the Waitsia Stage 2 project in Western Australia to the September quarter. "And we lifted tolls and tariffs and third party gas costs [one LNG cargo in June quarter], only partially offset by field production cost decline," analyst Rob Koh says. Those changes result a 7% cut to its FY 2026 EPS forecast, and a 1% reduction to its outlook for FY 2027. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 06, 2025 21:36 ET (01:36 GMT)

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Recent swings in oil prices have been positive for Beach, and MS raises its EPS estimate for FY 2025 by 4%. However, MS pushes back its expectation for maiden natural gas output from the Waitsia <a href=\"https://laohu8.com/S/SSI\">Stage</a> 2 project in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a> to the September quarter. \"And we lifted tolls and tariffs and third party gas costs [one LNG cargo in June quarter], only partially offset by field production cost decline,\" analyst Rob Koh says. Those changes result a 7% cut to its FY 2026 EPS forecast, and a 1% reduction to its outlook for FY 2027. 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Recent swings in oil prices have been positive for Beach, and MS raises its EPS estimate for FY 2025 by 4%. However, MS pushes back its expectation for maiden natural gas output from the Waitsia <a href=\"https://laohu8.com/S/SSI\">Stage</a> 2 project in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a> to the September quarter. \"And we lifted tolls and tariffs and third party gas costs [one LNG cargo in June quarter], only partially offset by field production cost decline,\" analyst Rob Koh says. Those changes result a 7% cut to its FY 2026 EPS forecast, and a 1% reduction to its outlook for FY 2027. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 06, 2025 21:36 ET (01:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BPT.AU","symbol_name":"BEACH ENERGY LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2549537021","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549537021","pubTimestamp":1751852160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0136 GMT - Beach Energy remains one of Morgan Stanley's least-preferred Australian energy stocks ahead of its 4Q production update. Recent swings in oil prices have been positive for Beach, and MS raises its EPS estimate for FY 2025 by 4%. However, MS pushes back its expectation for maiden natural gas output from the Waitsia Stage 2 project in Western Australia to the September quarter. \"And we lifted tolls and tariffs and third party gas costs [one LNG cargo in June quarter], only partially offset by field production cost decline,\" analyst Rob Koh says. Those changes result a 7% cut to its FY 2026 EPS forecast, and a 1% reduction to its outlook for FY 2027. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BPT.AU":"BEACH ENERGY LTD"},"translate_title":"海滩能源公司的盈利仍面临阻力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BPT.AU":0.9},"content_text":"0136 GMT - Beach Energy remains one of Morgan Stanley's least-preferred Australian energy stocks ahead of its 4Q production update. Recent swings in oil prices have been positive for Beach, and MS raises its EPS estimate for FY 2025 by 4%. However, MS pushes back its expectation for maiden natural gas output from the Waitsia Stage 2 project in Western Australia to the September quarter. \"And we lifted tolls and tariffs and third party gas costs [one LNG cargo in June quarter], only partially offset by field production cost decline,\" analyst Rob Koh says. Those changes result a 7% cut to its FY 2026 EPS forecast, and a 1% reduction to its outlook for FY 2027. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 06, 2025 21:36 ET (01:36 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}