BUZZ-Australia's Beach Energy hits three-week high; Morningstar raises FY26 earnings outlook

Reuters
Oct 21
BUZZ-Australia's <a href="https://laohu8.com/S/BPT.AU">Beach Energy</a> hits three-week high; Morningstar raises FY26 earnings outlook

** Shares of Australia's Beach Energy BPT.AX rise 4.2% to A$1.1825, their highest since September 29

** Morningstar increases FY26 EPS forecast for co to A$0.19 from A$0.14 on expectations of higher production, improved domestic pricing and additional sales from its Waitsia Stage 2 gas project in Western Australia

** Notes co's Waitsia Stage 2 gas project is set to start production, which, at full capacity, would increase group production rates by 40% per year

** Highlights that gas from Waitsia Stage 2 will fetch LNG export pricing, which is higher than domestic gas sales prices

** Investment research firm flags an 8% increase in domestic gas price achievement in recent quarter

** YTD, stock down 15.2%

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))

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