Beach Energy's Earnings Under Pressure From Two Directions -- Market Talk

Dow Jones

Jun 19

2338 GMT - Beach Energy is facing earnings pressure in Australia's east and west. Macquarie says milder weather and full storage in Australia's eastern states are combining with other headwinds to drive natural-gas prices lower. It now assumes a spot price of A$9.00 per gigajoule along the east coast in 4Q. Macquarie also highlights ongoing struggles at Beach's Waitsia gas plant in Western Australia. Waitsia has yet to achieve a consistent, steady ramp up after producing gas for the first time in December. Macquarie says the plant is running at 132 terajoules per day so far this quarter. "This could start to impact FY27 guidance setting," says Macquarie, which rates Beach at underperform. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 18, 2026 19:38 ET (23:38 GMT)

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It now assumes a spot price of A$9.00 per gigajoule along the east coast in 4Q. Macquarie also highlights ongoing struggles at Beach's Waitsia gas plant in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>. Waitsia has yet to achieve a consistent, steady ramp up after producing gas for the first time in December. Macquarie says the plant is running at 132 terajoules per day so far this quarter. \"This could start to impact FY27 guidance setting,\" says Macquarie, which rates Beach at underperform. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 18, 2026 19:38 ET (23:38 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Beach Energy's Earnings Under Pressure From Two Directions -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBeach Energy's Earnings Under Pressure From Two Directions -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-19 07:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2338 GMT - <a href=\"https://laohu8.com/S/BPT.AU\">Beach Energy</a> is facing earnings pressure in Australia's east and west. <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> says milder weather and full storage in Australia's eastern states are combining with other headwinds to drive natural-gas prices lower. It now assumes a spot price of A$9.00 per gigajoule along the east coast in 4Q. Macquarie also highlights ongoing struggles at Beach's Waitsia gas plant in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>. Waitsia has yet to achieve a consistent, steady ramp up after producing gas for the first time in December. Macquarie says the plant is running at 132 terajoules per day so far this quarter. \"This could start to impact FY27 guidance setting,\" says Macquarie, which rates Beach at underperform. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 18, 2026 19:38 ET (23:38 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"BK7142","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2644103236","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2644103236","pubTimestamp":1781825880,"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":"2338 GMT - Beach Energy is facing earnings pressure in Australia's east and west. Macquarie says milder weather and full storage in Australia's eastern states are combining with other headwinds to drive natural-gas prices lower. It now assumes a spot price of A$9.00 per gigajoule along the east coast in 4Q. Macquarie also highlights ongoing struggles at Beach's Waitsia gas plant in Western Australia. Waitsia has yet to achieve a consistent, steady ramp up after producing gas for the first time in December. Macquarie says the plant is running at 132 terajoules per day so far this quarter. \"This could start to impact FY27 guidance setting,\" says Macquarie, which rates Beach at underperform. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7142":"石油与天然气的勘探与生产","BPT.AU":"BEACH ENERGY LTD","BK7507":"资源股"},"translate_title":"Beach Energy盈利面临两个方向的压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BPT.AU":0.9},"content_text":"2338 GMT - Beach Energy is facing earnings pressure in Australia's east and west. Macquarie says milder weather and full storage in Australia's eastern states are combining with other headwinds to drive natural-gas prices lower. It now assumes a spot price of A$9.00 per gigajoule along the east coast in 4Q. Macquarie also highlights ongoing struggles at Beach's Waitsia gas plant in Western Australia. Waitsia has yet to achieve a consistent, steady ramp up after producing gas for the first time in December. Macquarie says the plant is running at 132 terajoules per day so far this quarter. \"This could start to impact FY27 guidance setting,\" says Macquarie, which rates Beach at underperform. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 18, 2026 19:38 ET (23:38 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}