2308 GMT [Dow Jones]--Beach Energy's below-consensus dividend is a big signal that it's deal-hunting, says Euroz Hartleys. Beach declared an interim dividend of A$0.01/share. That was half what the market expected and below the A$0.03/share paid out a year earlier. "The cut dividend (and policy), increased balance sheet strength and quoted 'Total shareholder returns focus' in Beach's 1H wrap-up slide, in our mind, indicates that material M&A could be close," says analyst Declan Bonnick. It thinks investors would welcome deal news. Euroz Hartleys had a hold call and A$1.18/share price target on Beach ahead of the 1H result. Beach is down 1.6% at A$1.235 at the open. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 04, 2026 18:12 ET (23:12 GMT)
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