EarningsQ2 2026 Earnings Report
MX:WDSN Q2 2026 EPS Results
Actual EPS$14.98
Consensus EPS$13.23
Beat/MissBeat by +$1.75
One Year Ago EPS$11.10
MX:WDSN Q2 2026 Revenue Results
Actual Revenue$129.26B
Expected Revenue$71.24B
Beat/MissBeat by +$58.03B
YoY Revenue Growth+2.20%
Earnings Announcement Details
QuarterQ2 2026
Date08/24/2026
TimeAfter Close
Conference CallMonday, August 24, 2026
MX:WDSN Upcoming Earnings
Woodside Energy Group's next earnings date is estimated for February 23, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
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.Company Guidance
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.
Robust cash generation and profitability
Operating cash flow of $3.0 billion and EBITDA of approximately $4.6 billion; underlying net profit after tax of $1.3 billion; free cash flow of $352 million and year-on-year free cash flow increase of more than 150%.
Strong liquidity and balance sheet
$8.2 billion in cash and undrawn facilities at period end; received $1.7 billion capital contributions from Stonepeak and Williams for Louisiana LNG; returned ~USD 12 billion to shareholders since 2022.
Shareholder returns maintained
Board declared a fully franked interim dividend of USD 0.57 per share, at the top end of the targeted 50%–80% payout range.
Major projects progressing on schedule and budget
Scarborough 98% complete at half‑year and on track for first LNG cargo in Q4 2026 (floating production unit achieved ready-for-start-up and first gas post-period); Trion 64% complete targeting first oil in 2028; Louisiana LNG 28% complete with Train 1 35% complete and key construction milestones achieved.
Portfolio actions and portfolio quality improvements
Assumed operatorship of Gippsland Basin assets; exercised preemption to increase equity in Browse to support integrated development; agreed divestment of Calypso interest in Trinidad and Tobago; active decommissioning (plug and abandonment on 8 subsea wells and removal of ~26 km of flowlines/umbilicals).
Contracting and marketing position
Approximately 75% of LNG volumes contracted through 2028; average realized price of $74 per barrel of oil equivalent through contracted positions and product premiums; Marketing & Trading optimizing portfolio with anticipated H2 tailwinds.
Sustainability progress (Scope 1 & 2)
Achieved 2025 net equity Scope 1 and 2 GHG emissions reduction target and remains on track for a 30% reduction by 2030; submitted OGMP 2.0 implementation plan with enhanced methane reporting at Sangomar and North West Shelf.
MX:WDSN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed