Beach Energy said its earnings and oil production will be slightly below previous full-year guidance due to the impact of the coronavirus pandemic and low oil prices.
The South Australia-based oil and gas producer said earnings before interest, tax, depreciation and amortisation are expected to be marginally below previous guidance of $1.175 billion to $1.25 billion.
Meanwhile oil production for the year to June 30 is expected to be 26.7 million barrels of oil equivalent (MMboe). This would be below the previous forecast of 27 to 28MMboe.
The company's full-year results are due on August 17.