Beach Energy's Sales Revenue Rises to AU$427 Million in Fiscal Q1; Shares Up 4%

MT Newswires Live

2024-10-18

Beach Energy's (ASX:BPT) sales revenue for the first quarter of fiscal 2025 rose to AU$427 million from AU$397 million in the year-ago period, according to a Friday filing with the Australian bourse.

The oil and gas explorer produced 5.2 million barrels of oil equivalent (MMboe) in the three months to September, up from 4.5 MMboe in the same period a year ago. Sales volumes reached 5.5 MMboe, up from 4.9 MMboe in the first quarter of fiscal 2024.

The company continues to target to deliver the first gas from its Waitsia plant by early 2025.

The company's shares rose 4% in recent Friday trade.

Price (AUD): $1.27, Change: $+0.05, Percent Change: +4.10%

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