Beach Energy Shares Drop After Mixed Annual Results and Ongoing Waitsia Issues
Beach Energy shares declined 3.1% to A$0.863 after the company reported a 10% fall in full-year revenue to A$1.80 billion and total production of 19.4 MMboe, which landed at the bottom of an already-trimmed guidance range. Concerns center on the underperforming Waitsia gas plant and a planned 24-day maintenance shutdown in September 2026. Managemen…