Why Beach Energy, Cettire, Flight Centre, and Pilbara Minerals shares are sinking today

The S&P/ASX 200 Index (ASX: XJO) is under pressure and trading lower on Thursday. At the time of writing, the benchmark index is down 0.3% to 8,732.2 points.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is down over 9% to $1.17. This follows the release of the energy producer's quarterly update this morning. Beach reported a 4% quarter on quarter decline in production to 4.6 million barrels of oil equivalent (MMboe). Management advised that its production was impacted by flooding in the Cooper Basin, which offset higher production from the Otway and Bass basins. This led to total sales revenue falling 17% quarter on quarter to $455 million.

Cettire Ltd (ASX: CTT)

The Cettire share price is down 18% to 28 cents. Investors have been selling this online luxury products retailer's shares following the release of an update on US tariffs. It notes that an Executive Order issued in the United States overnight expands the suspension in the duty free de minimis exemption to goods manufactured in all countries, effective 29 August 2025. In May and June, shipments to the United States represented approximately 40% of Cettire's gross revenues.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is down 8% to $11.85. This has been driven by the release of an update on the travel agent giant's full year results. Flight Centre revealed that it expects to report a 3.4% increase in total transaction value (TTV) to a record of approximately $24.5 billion. However, due to a tough fourth quarter, management expects its underlying profit before tax (UPBT) to fall short of guidance at $285 million to $295 million. This compares to its FY 2025 guidance range of $300 million to $335 million. Managing director Graham Turner said: "FY25 has proven to be volatile year for our industry, with geopolitical unrest and macroeconomic concerns slowing the strong post-COVID rebound."

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is down 6% to $1.62. This appears to have been driven by broad weakness in the lithium industry. Not even a bullish broker note out of Bell Potter has been able to keep its shares in positive territory. The broker has retained its buy rating and $2.00 price target on the lithium miner's shares. It said: "PLS operates a low-cost asset in a tier one jurisdiction, is diversifying through the lithium value chain, and provides a clean exposure to global lithium fundamentals and sentiment. While we expect lithium prices to remain volatile, we hold a robust EV-demand driven long-term market outlook and believe higher prices are required to incentivise new sources of supply."

The post Why Beach Energy, Cettire, Flight Centre, and Pilbara Minerals shares are sinking today appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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