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AAP
AAP
Business
Marion Rae

REVEALED: Beach energy cashed up for gas expansion | Vintage Vibes

Beach Beach Energy Gas Prices Oil
Beach Energy last week inked an LNG supply deal with BP Singapore. (Dan Peled/AAP PHOTOS) (AAP)

Oil and gas company Beach Energy has reported increased earnings and cashflow on rising gas prices and high demand, giving it a war chest to expand.

The company on Monday reported an underlying net profit after tax (NPAT) of $504 million, up 39 per cent, on higher prices and revenue, reduced depreciation from lower production, and "minimal" exploration expensed.

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