Beach Energy (ASX:BPT) reported Thursday fiscal first-half earnings of AU$0.0974 per diluted share, compared with a loss of AU$0.1514 per diluted share a year earlier.

Analysts polled by Visible Alpha were expecting an EPS of AU$0.11.

Revenue for the six months ended Dec. 31, 2024, was AU$1.04 billion, up 6% from AU$982 million in the same period a year earlier. Analysts surveyed by Visible Alpha expected AU$978.1 million.

The oil and gas firm increased its fiscal 2025 production guidance to between 18.5 million barrels of oil equivalent (MMboe) to 20.5 MMboe from its previous guidance of 17.5 MMboe to 21.5 MMboe.

Capital expenditure guidance for the year was unchanged at AU$700 million to AU$800 million.

The board declared an interim dividend of AU$0.03 per share, up 50% from the AU$0.02 in the previous reported period, payable on Mar. 31 to shareholders on record as of Feb. 28.