Want to see AU:WDS full AI Analyst Report?
Top Page
Woodside Energy Group
(Sydney:WDS)
Select Model
Select Model
Rating:72Outperform
Price Target:
AU$35.00
▲(8.12% Upside)
Action:Reiterated
Date:08/06/26
The score is led by solid financial performance and a constructive earnings-call outlook (record production, project progress, and balance sheet/liquidity strength). This is moderated by weaker recent cash-flow quality (negative 2025 free cash flow) and rising 2025 debt, while technicals are moderately supportive and valuation is reasonable with a strong dividend yield.
Positive Factors
Contracted LNG volumes
High contractual coverage (≈75% of 2026–28 volumes and 4.7 Mt newly contracted) provides multi-year revenue visibility and cushions cash flows from spot price swings. This durable contract mix supports funding of capex and dividends over the next 2–4 years even in softer commodity cycles.
Negative Factors
Free cash flow volatility
A reversal to negative free cash flow in 2025 signals weaker cash conversion or higher sustaining/development spending. If this persists amid heavy capex, it limits durable options for debt reduction, buybacks or maintaining high payout ratios and raises funding risk during commodity downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted LNG volumes
High contractual coverage (≈75% of 2026–28 volumes and 4.7 Mt newly contracted) provides multi-year revenue visibility and cushions cash flows from spot price swings. This durable contract mix supports funding of capex and dividends over the next 2–4 years even in softer commodity cycles.
Read all positive factors
Woodside Energy Group (WDS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$61.81B
Dividend Yield4.87%
Average Volume (3M)4.75M
Price to Earnings (P/E)16.0
Beta (1Y)0.27
Revenue Growth-5.14%
EPS Growth-22.20%
CountryAU
Employees4,693
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)1.44
Shares Outstanding1,901,100,100
10 Day Avg. Volume4,068,881
30 Day Avg. Volume4,748,104
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$31.05Price Target Upside-4.08% Downside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)1.78
Revenue Forecast (FY)AU$15.44B
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:Feb 23, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 25, 2026
Earnings Call Sentiment Positive
The call communicated a broadly positive operational and financial performance: record production, strong cash generation ($1.9bn), reduced unit costs (-4%), major projects (Scarborough 94% complete; Louisiana LNG and Trion advancing), and achievement of a 15% net equity emissions reduction. Management also emphasized balance sheet strength (gearing 18.2%, $9.3bn liquidity) and continued shareholder returns (80% payout ratio). Countervailing near-term challenges include lower realized prices, a capital-intensive 2026 with major maintenance (Pluto turnaround) and tie-ins that will pressure costs and production timing, Sangomar’s commencement of decline, tax (PRRT) uncertainty, and reliance on further sell-downs/partnering to reduce capex exposure. On balance the positives — strong execution, cash flow, project progress and disciplined capital management — materially outweigh the manageable near-term risks and uncertainties.Positive Updates
Record Production
Achieved record annual production of 198.8 million barrels of oil equivalent (boe), exceeding full year guidance and driven by Sangomar and strong portfolio reliability.
Negative Updates
Lower Realized Prices
Underlying NPAT of $2.6 billion was achieved despite lower realized prices versus full year 2024, indicating price headwinds partially offset by higher production.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Production
Achieved record annual production of 198.8 million barrels of oil equivalent (boe), exceeding full year guidance and driven by Sangomar and strong portfolio reliability.
Read all positive updates
Company Guidance
The call set out clear near‑term guidance and project timing: Scarborough was 94% complete and remains on track for first LNG cargo in Q4 2026; Louisiana LNG was 22% complete with first LNG targeted in 2029 (Woodside’s expected share of project capex now ~$9.9bn or <60% after sell‑downs, Stonepeak funding ~75% of 2025–26 capex and BP contracted up to 640 bcf from 2029); Trion was ~50% complete targeting first oil in 2028; Beaumont achieved first ammonia in Dec 2025 with handover H1 2026 and lower‑carbon ammonia targeted H2 2026; a major Pluto turnaround is scheduled in Q2 2026 and decommissioning spend is guided at $500–800m in 2026. Financially, Woodside has hedged ~18 million barrels for 2026 at ~ $70, reports a cash breakeven of < $34/barrel, targets gearing of 10–20% (actual 18.2%) with $9.3bn liquidity, expects Woodside‑share capex of $9.9bn, and retains dividend flexibility within a 50–80% payout policy (2025 payout ~80%: final dividend $0.59/share, FY dividend $1.12/share, total dividends ~ $2.1bn); 2025 baselines cited to frame guidance include record production of 198.8 million boe, underlying NPAT $2.6bn, free cash flow $1.9bn, EBITDA margin >70%, unit production cost $7.80/boe (4% reduction YoY), and ~75% of LNG volumes contracted for 2026–28 (4.7 Mt new LNG contracted).Woodside Energy Group Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
76
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.41B | 13.18B | 13.99B | 16.82B | 6.96B |
| Gross Profit | 3.98B | 5.68B | 6.47B | 10.28B | 3.12B |
| EBITDA | 9.20B | 9.47B | 8.70B | 10.41B | 4.12B |
| Net Income | 2.81B | 3.57B | 1.66B | 6.50B | 1.98B |
Balance Sheet | |||||
| Total Assets | 66.55B | 61.26B | 55.36B | 59.32B | 26.47B |
| Cash, Cash Equivalents and Short-Term Investments | 5.72B | 4.11B | 1.95B | 6.88B | 3.35B |
| Total Debt | 13.73B | 11.62B | 6.50B | 6.77B | 6.80B |
| Total Liabilities | 26.68B | 25.11B | 20.19B | 22.19B | 12.24B |
| Stockholders Equity | 35.94B | 35.40B | 34.40B | 36.34B | 13.44B |
Cash Flow | |||||
| Free Cash Flow | -1.45B | 945.00M | 854.00M | 5.67B | 1.17B |
| Operating Cash Flow | 6.71B | 5.85B | 6.14B | 8.81B | 3.79B |
| Investing Cash Flow | -4.52B | -5.75B | -5.58B | -2.27B | -2.94B |
| Financing Cash Flow | -362.21M | 2.10B | -5.00B | -3.36B | -1.42B |
Woodside Energy Group Technical Analysis
Positive
32.37
Price Trends
30.37
Positive
31.38
Positive
28.29
Positive
Market Momentum
0.64
Positive
58.59
Neutral
77.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WDS, the sentiment is Positive. The current price of 32.37 is above the 20-day moving average (MA) of 32.08, above the 50-day MA of 30.37, and above the 200-day MA of 28.29, indicating a bullish trend. The MACD of 0.64 indicates Positive momentum. The RSI at 58.59 is Neutral, neither overbought nor oversold. The STOCH value of 77.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$61.81B | 16.03 | 7.67% | 4.91% | -5.14% | -22.20% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | AU$1.95B | 7.00 | 8.74% | 7.66% | -8.77% | ― | |
62 Neutral | AU$1.21B | 7.29 | 12.15% | 3.02% | -17.21% | 8.09% | |
61 Neutral | AU$26.05B | 21.76 | 5.26% | 4.38% | -5.72% | -31.55% | |
53 Neutral | AU$187.85M | -35.71 | -0.67% | ― | ― | -149.12% | |
47 Neutral | AU$1.77B | -22.86 | -8.63% | ― | ― | ― |
* Energy Sector Average
AU:WDS
Woodside Energy Group
32.60
7.61
30.43%
AU:BPT
Beach Energy
0.87
-0.31
-26.63%
AU:CVN
Carnarvon Energy Limited
0.10
>-0.01
-4.76%
AU:KAR
Karoon Energy Ltd
1.75
-0.06
-3.21%
AU:STO
Santos Limited
7.99
0.31
4.04%
AU:TBN
Tamboran Resources Limited
0.26
0.09
53.61%
Woodside Energy Group Corporate Events
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...
Woodside Issues New Unquoted Rights Under Employee Incentive Scheme
May 12, 2026
Woodside Energy Group has issued 119,926 unquoted rights under its employee incentive scheme, with the securities recorded under ASX code WDSAL and an issue date of May 5, 2026. The move reflects the company’s ongoing use of equity-based com...
Woodside Discloses Change in Director Liz Westcott’s Equity Interests
May 12, 2026
Woodside Energy has disclosed a change in the interests of director Elizabeth (Liz) Morton Westcott, in line with Australian listing rule requirements for director shareholdings. The filing shows that on 5 May 2026 she acquired 119,926 performance...
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.