Beach Energy (ASX:BPT)
released its FY19 Full Year results today showing their underlying NPAT was up 86 per cent to a company-record $560 million.
The company also recorded its highest ever free cash flow of $559 million, while underlying EBITDA was up 80 per cent to a record $1.375 billion – well above initial guidance of $1.1–1.2 billion.
Beach Energy Managing Director Matt Kay said the results capped off a substantial year for the company as it also achieved record production of 29.4 MMboe, reached a net cash position two years ahead of schedule and delivered its best safety and environmental performance on record.
Shares in Beach Energy (ASX:BPT)
are trading 5.4 per cent higher at $1.90,