2316 GMT [Dow Jones]--While Beach Energy's FY27 guidance is key, Macquarie thinks it is complicated by a bumpy start to production at its Waitsia natural-gas plant. Macquarie thinks Waitsia's production will improve through 1Q, but it notes a 24-day shutdown planned for September. "The uncertainty around time to consistently higher/normal rates may pose a challenge in Beach's guidance-setting for FY27," says Macquarie. Its price target rises 6.7% to A$0.80/share, given Beach's higher cash balance at the end of June. Still, Macquarie retains an underperform call as it doesn't expect Beach's FY27 guidance to positively surprise. Beach ended Wednesday at A$0.875. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 22, 2026 19:26 ET (23:26 GMT)
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