Beach Energy Limited (BPT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Beach Energy Limited FY26 half-year results. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you would like to ask a question, you'll need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr Brett Woods, Managing Director and Chief Executive Officer. Please go ahead. Thank you. Good morning everyone and welcome to Beach Energy's FY26 half-year results presentation. Joining me today is Anne-Marie Barbaro, our Chief Financial Officer. Together we'll take you through our half-year results and outlook for the remainder of FY26, before I open up the lines for Q&A. This morning I'm pleased to report a solid set of underlying results in what has been a very active first half across our core basins, with great progress made on delivery of some key milestones. This half, BEACH has continued to demonstrate great progress across our base business. through our strong operating discipline and outstanding safety and environmental performance. We end the half year in a strengthened financial position and are well placed to pursue growth. Slide 2 sets out the compliance statements, which I'll leave to read at your leisure. Slide 3 will begin, which highlights the key milestones achieved in the first half. Starting over in the west, first gas was achieved from the Wake Deer gas plant in early December, with the plant now in production ramp up. Two gas compressors have now been commissioned and the plant has reached peak rates of 165T today so far. The third compressor is expected to commence commissioning in the coming weeks and once ramped up we will deliver the plant's main bank capacity of 250T...