Beach Energy Limited (BPT) Q4 2026 Earnings Call

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WEBVTT 00:00:00.310 -- 00:00:02.252 I would now like to hand the conference over to Mr. 00:00:02.252 -- 00:00:05.634 Brett Woods, Managing Director and Chief Executive Officer. 00:00:05.634 -- 00:00:07.936 Please go ahead. 00:00:07.936 -- 00:00:13.521 Good morning, everyone, and welcome to Beach Energy's FY26 full-year results presentation. 00:00:13.521 -- 00:00:17.764 Joining me today is Anne-Marie Barbero, our Chief Financial Officer. 00:00:17.764 -- 00:00:22.388 Together, we will take you through this year's operational and financial results, progress 00:00:22.388 -- 00:00:27.532 we have made against our strategic priorities, and the outlook for FY27 before 00:00:27.532 -- 00:00:30.412 opening the lines for Q&A. 00:00:30.415 -- 00:00:35.596 FY26 was a year of tangible delivery against the strategic reset we outlined two years 00:00:35.596 -- 00:00:37.517 ago. We 00:00:37.517 -- 00:00:42.538 assisted our operator in bringing a major project into production at Waitsia, 00:00:42.538 -- 00:00:47.379 executed a large offshore campaign in Victoria, recommenced drilling in the western flank 00:00:47.379 -- 00:00:50.220 after nearly a three-year hiatus, 00:00:50.220 -- 00:00:55.121 grew margin across our business through an embedded cost discipline, commercial focus, 00:00:55.121 -- 00:01:01.418 and the owner's mindset, and maintained a strong focus on safe and reliable operations. 00:01:01.418 -- 00:01:06.884 Importantly, that discipline translated into strong cash generation and strengthened 00:01:06.884 -- 00:01:08.666 balance sheet. 00:01:08.666 -- 00:01:14.312 Beach delivered positive all-in free cash flow during a major period of project execution, 00:01:14.312 -- 00:01:19.677 supported by increased realized gas pricing, lower field operating costs, 00:01:19.677 -- ...