Latest Flood Recovery News

Beach Energy reported a resilient first half of FY26, overcoming Cooper Basin floods to deliver solid earnings boosted by LNG cargoes and higher gas prices. The company’s operational safety and environmental efforts underpin a confident outlook as key projects ramp up.

Beach Energy reported a 32% drop in half-year net profit to $150.2 million, impacted by flooding and lower oil prices, while advancing its Waitsia Stage 2 gas project. The company declared a fully franked interim dividend of 1.0 cent per share.

Beach Energy’s Q2 FY26 report reveals a 9% production decline amid Otway Basin slowdowns, offset by flood recovery and the Waitsia Gas Plant ramp-up, with sales revenue down 17% to $445 million.

Beach Energy reported an 8% increase in production to 5.0 million barrels of oil equivalent in Q1 FY26, driven by strong performance in the Otway Basin and Cooper Basin flood recovery. Sales revenue rose 18% to $537 million, supported by two LNG cargoes from the Waitsia Gas Plant, which is now approaching its Ready For Start Up milestone.

Camplify Holdings has expanded its partnership with the NSW Government to provide caravans for flood-impacted residents, supporting housing recovery in the Mid North Coast and Hunter regions.

Vintage Energy has successfully completed a $2.1 million capital raise through fully subscribed Entitlement and Shortfall Offers, aiming to enhance gas output from its Cooper Basin fields.

Toubani Resources' December quarterly report confirms the Kobada Gold Project as a major gold development with robust financials and progressing government engagement in Mali. The company is advancing permitting and financing efforts as it targets shovel-ready status in 2025.