Beach confirms full year guidance unchanged

BEACH Energy will maintain all guidance for this year but expects all sectors to hit the lower range as falling oil prices bite, despite being somewhat offset by higher gas prices and production this quarter, driven by Western Flank oil.

Beach confirms full year guidance unchanged Beach confirms full year guidance unchanged Beach confirms full year guidance unchanged Beach confirms full year guidance unchanged Beach confirms full year guidance unchanged

MD Matt Kay

Production guidance is 27 million barrels of oil equivalent to 28MMboe; capex guidance $875 million - $950 million; underlying EBITDA $1.175 billion to $1.25 billion and DD&A $17/boe - $17.5boe.
  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Govt's COVID-19 Commission under scrutiny. Read more.
  • Latest COVID-19 Coverage: NT throws cash at oil and gas industry. Read more.