Beach Energy (ASX:BPT) Full Year 2024 Results

Key Financial Results

• Revenue: AU$1.80b (up 9.2% from FY 2023).

• Net loss: AU$475.3m (down by 219% from AU$400.8m profit in FY 2023).

• AU$0.21 loss per share (down from AU$0.18 profit in FY 2023).

BPT Production and Reserves

Oil reserves

• Proven reserves: 11.6 MMbbls.

Gas reserves

• Proven reserves: 540 Bcf.

Combined production

• Oil equivalent production: 16.572 MMboe.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Beach Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Oil and Gas industry in Australia.

Performance of the Australian Oil and Gas industry.

The company's shares are down 9.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Beach Energy that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.