Australia's Beach Energy hits three-week high; Morningstar raises FY26 earnings outlook

Reuters
2025.10.21 00:14
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Shares of Australia's Beach Energy rose 4.2% to A$1.1825, reaching a three-week high. Morningstar has raised its FY26 EPS forecast for the company to A$0.19 from A$0.14, citing expectations of higher production and improved pricing from the Waitsia Stage 2 gas project. This project is expected to boost production rates by 40% annually and will sell gas at LNG export pricing, which is higher than domestic prices. Year-to-date, the stock is down 15.2%.

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