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Woodside Energy Group
(Sydney:WDS)
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Rating:74Outperform
Price Target:
AU$37.00
▲(12.12% Upside)
Action:Reiterated
Date:08/25/26
Overall score reflects solid fundamentals with some cash-flow and leverage watch items, supported by a strong technical uptrend and a constructive, execution-focused earnings update highlighting improving free cash flow and on-schedule major projects. Valuation is reasonable with a strong dividend yield, but cyclical revenue pressure and recent free-cash-flow volatility keep the score from being higher.
Positive Factors
Production Reliability
High production and reliability at Sangomar demonstrate operational capability and support dependable cash generation. Consistent asset performance should strengthen Woodside’s ability to fulfill contracted volumes and absorb normal maintenance or weather disruptions.
Negative Factors
Cyclical Revenue and Earnings
Persistently negative revenue growth and earnings below the prior peak indicate exposure to commodity prices and weaker pricing conditions. This cyclicality makes future profitability less predictable and can pressure returns when oil or gas markets soften.
Read all positive and negative factors
Positive Factors
Negative Factors
Production Reliability
High production and reliability at Sangomar demonstrate operational capability and support dependable cash generation. Consistent asset performance should strengthen Woodside’s ability to fulfill contracted volumes and absorb normal maintenance or weather disruptions.
Read all positive factors
Woodside Energy Group (WDS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$61.57B
Dividend Yield4.86%
Average Volume (3M)4.59M
Price to Earnings (P/E)14.7
Beta (1Y)0.25
Revenue Growth-9.52%
EPS Growth-0.68%
CountryAU
Employees4,693
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)1.62
Shares Outstanding1,901,100,100
10 Day Avg. Volume4,401,343
30 Day Avg. Volume4,591,765
Financial Highlights & Ratios
PEG Ratio-0.51
Price to Book (P/B)0.83
Price to Sales (P/S)2.22
P/FCF Ratio-20.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$31.26Price Target Upside-5.27% Downside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)1.76
Revenue Forecast (FY)AU$15.47B
Woodside Energy Group Business Overview & Revenue Model
Company Description
Woodside Energy Group Ltd, an Australian enterprise headquartered in Perth, operates as an integrated energy company on a global scale. Its activities encompass the full spectrum of the hydrocarbon value chain, from initial exploration and apprais...
How the Company Makes Money
Woodside primarily makes money by producing and selling LNG, natural gas, crude oil, condensate, and NGLs from its operated and non-operated interests in oil and gas projects. Revenue is generated when these commodities are delivered and sold unde...
Woodside Energy Group Earnings Call Summary
Earnings Call Date:Aug 24, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Feb 23, 2027
Earnings Call Sentiment Positive
The call presented a predominantly positive operational and financial performance: strong production (86.5 mmboe), robust cash generation (operating cash flow $3.0B, EBITDA ~$4.6B), solid liquidity ($8.2B) and major projects largely on schedule (Scarborough 98%, Trion 64%, Louisiana 28%). Management announced a USD 350M annual structural cost-out target from 2028 and maintained a shareholder-focused capital posture (USD 0.57 interim dividend). Key negatives include one high consequence injury, production constraints from cyclones and turnarounds, mark-to-market volatility on certain contracts, ongoing feedstock constraints at Beaumont New Ammonia (now under strategic review), and the decision to retire Scope 3/new energy targets which reduces near-term new energy visibility. Overall, operational strengths, cash generation and project delivery progress outweigh the challenges and uncertainties outlined.Positive Updates
Strong production and operational reliability
Total production of 86.5 million barrels of oil equivalent for the half; Sangomar produced 15 million boe (Woodside share) at 99.5% reliability; Pluto turnaround executed on schedule and within budget.
Negative Updates
Safety incident
Recorded one high consequence injury during the half (one too many); zero Tier 1 or Tier 2 process safety events but continued focus required on safety improvement.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong production and operational reliability
Total production of 86.5 million barrels of oil equivalent for the half; Sangomar produced 15 million boe (Woodside share) at 99.5% reliability; Pluto turnaround executed on schedule and within budget.
Read all positive updates
Company Guidance
Guidance from the call emphasized disciplined delivery and clear near‑term targets: a structural cost‑out of USD 350 million per year to be delivered from 2028; Scarborough 98% complete with first LNG cargo targeted in Q4 2026; Trion 64% complete targeting first oil in 2028; Louisiana LNG 28% complete (Train 1 ~35% complete) with Woodside’s post‑sell‑down exposure at 57% (~USD 9.9 billion) and USD 1.7 billion of capital contributions received this half; H1 production 86.5 million boe, Sangomar 15 million boe (99.5% reliability) and $3.8 billion EBITDA since start‑up; H1 EBITDA ~USD 4.6 billion, underlying NPAT USD 1.3 billion, free cash flow USD 352 million (up >150% YoY), liquidity USD 8.2 billion and gearing 20.6% (target 10–20%, expected <20% by 31‑Dec‑2026); ~75% of LNG volumes contracted through 2028; interim dividend USD 0.57/share (payout range 50–80%); retained 2030 Scope 1/2 target (30% reduction) and retired Scope 3/new‑energy 2030 spending targets.Woodside Energy Group Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
76
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.84B | 13.41B | 13.18B | 13.99B | 16.82B | 6.96B |
| Gross Profit | 4.11B | 3.98B | 5.68B | 6.47B | 10.28B | 3.12B |
| EBITDA | 8.88B | 9.20B | 9.47B | 8.70B | 10.41B | 4.12B |
| Net Income | 3.08B | 2.81B | 3.57B | 1.66B | 6.50B | 1.98B |
Balance Sheet | ||||||
| Total Assets | 67.65B | 66.55B | 61.26B | 55.36B | 59.32B | 26.47B |
| Cash, Cash Equivalents and Short-Term Investments | 4.34B | 5.72B | 4.11B | 1.95B | 6.88B | 3.35B |
| Total Debt | 13.66B | 13.73B | 11.62B | 6.50B | 6.77B | 6.80B |
| Total Liabilities | 25.95B | 26.68B | 25.11B | 20.19B | 22.19B | 12.24B |
| Stockholders Equity | 36.04B | 35.94B | 35.40B | 34.40B | 36.34B | 13.44B |
Cash Flow | ||||||
| Free Cash Flow | -418.12M | -1.45B | 945.00M | 854.00M | 5.67B | 1.17B |
| Operating Cash Flow | 6.07B | 6.71B | 5.85B | 6.14B | 8.81B | 3.79B |
| Investing Cash Flow | -3.71B | -4.52B | -5.75B | -5.58B | -2.27B | -2.94B |
| Financing Cash Flow | -3.02B | -362.21M | 2.10B | -5.00B | -3.36B | -1.42B |
Woodside Energy Group Technical Analysis
Neutral
33.00
Price Trends
31.02
Positive
31.21
Positive
28.81
Positive
Market Momentum
0.30
Positive
51.33
Neutral
26.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WDS, the sentiment is Neutral. The current price of 33 is above the 20-day moving average (MA) of 32.65, above the 50-day MA of 31.02, and above the 200-day MA of 28.81, indicating a neutral trend. The MACD of 0.30 indicates Positive momentum. The RSI at 51.33 is Neutral, neither overbought nor oversold. The STOCH value of 26.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:WDS.
Woodside Energy Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$61.57B | 14.69 | 8.55% | 4.91% | -9.52% | -0.68% | |
71 Outperform | AU$1.22B | 7.81 | 12.15% | 3.02% | -19.58% | -39.27% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | AU$26.38B | 26.05 | 4.69% | 4.38% | -8.49% | -31.47% | |
63 Neutral | AU$1.97B | 7.45 | 8.74% | 7.66% | -8.77% | ― | |
52 Neutral | AU$187.85M | -39.29 | -0.67% | ― | ― | -149.12% | |
47 Neutral | AU$1.85B | -25.76 | -8.63% | ― | ― | ― |
* Energy Sector Average
AU:WDS
Woodside Energy Group
32.70
7.57
30.13%
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Woodside Energy Group Corporate Events
Woodside Schedules Half-Year 2026 Results Teleconference
Aug 24, 2026
Woodside Energy Group will hold a half-year 2026 results teleconference and presentation today, led by CEO and Managing Director Liz Westcott and CFO Graham Tiver, to brief investors and analysts on its performance. The company is providing live w...
Woodside Energy Declares USD 0.57 Interim Dividend for Half‑Year 2026
Aug 24, 2026
Woodside Energy Group has declared an interim dividend of USD 0.57 per ordinary fully paid share for the six‑month period ended 30 June 2026. The dividend will trade ex‑dividend on 3 September, with a record date of 4 September and pay...
Woodside lifts profit, advances LNG megaprojects amid volatile energy markets
Aug 24, 2026
Woodside reported operating revenue of $7.446 billion for the half‑year to 30 June 2026, up 13% year on year, with net profit after tax of $1.672 billion and underlying NPAT rising to $1.334 billion. Production averaged 478 thousand barrels ...
Woodside lifts revenue as Scarborough nears completion and gas portfolio expands
Jul 28, 2026
Woodside Energy delivered second-quarter operating revenue of $4.19 billion, up 28% on the prior quarter, supported by a higher realised price of $85 per barrel of oil equivalent despite a 9% drop in production to 41.3 million boe due to planned m...
Woodside Highlights Process Safety and Expanded Sustainability Priorities in 2026 Session
Jul 23, 2026
Woodside used its 2026 Sustainability Focus Session to highlight that strong sustainability performance, particularly in process safety, is central to its strategy for thriving through the energy transition. Executives emphasised that a discipline...
Woodside Puts Process Safety at Core of 2026 Sustainability Briefing
Jul 22, 2026
Woodside Energy Group highlighted its approach to process safety in a dedicated 2026 Sustainability Focus Session for investors in Perth, led by senior executives overseeing sustainability and technical and energy development. The session, which i...
Woodside Energy Reports Lapse of Conditional Equity Rights
Jul 13, 2026
Woodside Energy Group has notified the market that a series of conditional rights and WEP equity rights have lapsed after their performance or vesting conditions were not satisfied. The cessation covers more than 226,000 rights across several date...
Woodside Energy Issues New Shares on Conversion of Unquoted Securities
Jul 13, 2026
Woodside Energy Group has notified the market of the issue and transfer of a total of 42,787 ordinary fully paid shares following the exercise or conversion of previously unquoted securities. The new shares, issued in two tranches dated 18 May 202...
Woodside Energy Files Final Director Interest Notice as Anthony O’Neill Leaves Board
Jul 8, 2026
Woodside Energy Group has announced that director Anthony Martin O’Neill ceased to be a director of the company effective 1 July 2026. According to the final director’s interest notice lodged with the ASX, O’Neill holds no releva...
Woodside Director Tony O’Neill to Step Down Amid Governance Transition
Jul 1, 2026
Woodside Energy Group announced that non-executive director Tony O’Neill will resign from the board effective 1 July 2026, after joining in June 2024 and serving on the Audit Risk, Sustainability, and Nominations Governance committees. Cha...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.