Worley Limited (AU:WOR)
ASX:WOR
Earnings Data
Report Date
Sep 01, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.54Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and financial performance: revenue growth, a strong surge in bookings, healthy backlog, exceptional cash conversion, balance sheet strength, major project wins and a clear plan to realize >$100 million of annualized cost savings. Key challenges include a notable chemicals revenue decline, higher-than-expected restructuring costs in H1 (with additional but smaller costs expected in H2), margin headwinds from activity mix and potential FX risk. Management reaffirmed a moderate growth outlook, margin guidance (underlying EBITA margin excluding procurement of 9.0%–9.5%), and emphasized pipeline momentum and disciplined capital allocation, suggesting the positives outweigh the near-term negatives.Company Guidance
Aggregated Revenue Growth
Aggregated revenue was $6.3 billion, up 5.4% versus the prior corresponding period, driven by major projects moving into execution and increased construction, fabrication and procurement activity.
Strong Bookings and Backlog
Bookings increased 63% to $9.8 billion for the half. Backlog remained resilient at $16.7 billion (transcript corrected figure), with early calendar 2026 wins expected to add >$3.5 billion to backlog.
Stable Underlying Earnings
Underlying EBITA was steady at $377 million and underlying NPATA was $207 million, demonstrating earnings resilience despite market headwinds.
Exceptional Cash Conversion and Balance Sheet Strength
Normalized cash conversion was 95.5%; leverage was 1.5x, within target range. Day sales outstanding were well controlled at 46.2 days.
Capital Return to Shareholders
Interim dividend of $0.25 per share announced (unfranked). Share buyback program of up to $500 million ongoing, with over 24 million shares repurchased for ~$324 million to date.
Major Project Wins and Execution Momentum
Notable awards and execution include Venture Global CP2 Phase 1 delivery, provisional EPCM appointment for Glenfarne Alaska LNG pipeline, marine/port advisory for WA Westport, EPC for ConocoPhillips Scandinavia, FEED for OQ Sohar decarbonization, and ExxonMobil Baytown construction work — reinforcing capability on large complex projects.
Sector Performance — Resources and Energy
Resources aggregated revenue grew 12.3% and now comprises 29% of the business. Energy aggregated revenue increased 8.8%; integrated gas represented 25% of total revenue.
Safety and ESG Progress
Total recordable frequency rate was 0.10; a Rio Tinto Rincon project milestone exceeded 1 million work hours with zero safety incidents. Maintained leading external ESG ratings and on track for Scope 1/2 emissions targets.
Pipeline and Sole-Source Trends
Factored sales pipeline remained robust with ~46% of opportunities expected to be awarded in the next 12 months. Consulting opportunities in the pipeline rose 24% over six months. Sole-source work increased to ~48% of work, indicating customer confidence.
Planned Efficiency Gains
Company is targeting >$100 million of annualized cost savings from FY'27 via cost-out and transformation programs to reset the cost base and improve margin quality.
AU:WOR 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
AU:WOR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | AU$12.75 | AU$11.45 | -10.20% |
Aug 26, 2025 | AU$12.12 | AU$13.45 | +11.02% |
Feb 25, 2025 | AU$13.25 | AU$14.61 | +10.27% |
Aug 26, 2024 | AU$13.10 | AU$13.46 | +2.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Worley Limited (AU:WOR) report earnings?
Worley Limited (AU:WOR) is schdueled to report earning on Sep 01, 2026, TBA (Confirmed).
What is Worley Limited (AU:WOR) earnings time?
Worley Limited (AU:WOR) earnings time is at Sep 01, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Worley Limited stock?
The P/E ratio of Worley Limited is N/A.
What is AU:WOR EPS forecast?
AU:WOR EPS forecast for the fiscal quarter 2026 (Q4) is 0.54.