Woodside Energy Group Ltd (WDS)
NYSE:WDS
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Woodside Energy Group
(NYSE:WDS)
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Rating:73Outperform
Price Target:
$27.00
â–²(86.08% Upside)
Action:ReiteratedDate:02/26/26
The score is driven primarily by solid but cooling financial performance (revenue/earnings step-down and negative 2025 free cash flow) alongside constructive technicals (trend strength but overbought signals). Valuation is supportive due to the moderate P/E and strong dividend yield, while the earnings call adds a modest positive tilt from execution and balance-sheet strength, tempered by 2026 transition-year and project/cost uncertainties.
Positive Factors
Reserve Base & Portfolio Quality
A large proved and proved+probable reserve base and multi-year reserves life provide durable production capacity and optionality. This underpins long-term cash generation, supports multi-project planning and gives flexibility to fund dividends, partner sell‑downs or selective capex across cycles.
Negative Factors
Free Cash Flow Volatility
Negative free cash flow in 2025 signals weaker cash conversion after investment and elevates reliance on liquidity, asset sales or partner funding. Persistent FCF volatility reduces predictability of dividends and discretionary returns and raises funding sensitivity during capital‑intensive phases.
Read all positive and negative factors
Positive Factors
Negative Factors
Reserve Base & Portfolio Quality
A large proved and proved+probable reserve base and multi-year reserves life provide durable production capacity and optionality. This underpins long-term cash generation, supports multi-project planning and gives flexibility to fund dividends, partner sell‑downs or selective capex across cycles.
Read all positive factors
Woodside Energy Group (WDS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$44.74B
Dividend Yield6.85%
Average Volume (3M)1.62M
Price to Earnings (P/E)10.9
Beta (1Y)0.88
Revenue Growth15.31%
EPS Growth58.83%
CountryUS
Employees4,718
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.74
Shares Outstanding1,901,100,100
10 Day Avg. Volume1,334,734
30 Day Avg. Volume1,620,227
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)0.82
Price to Sales (P/S)2.28
P/FCF Ratio-37.79
Enterprise Value/Market Cap1.31
Enterprise Value/Revenue4.51
Enterprise Value/Gross Profit13.93
Enterprise Value/Ebitda6.21
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.89
Revenue Forecast (FY)$14.59B
Woodside Energy Group Business Overview & Revenue Model
Company Description
Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in Oceania, Asia, Canada, Africa, and internationally. The company produces liquefied natural gas, pipeline natural gas,...
How the Company Makes Money
Woodside primarily makes money by producing and selling hydrocarbons from its operated and non-operated fields and liquefaction facilities. A major revenue stream is LNG: Woodside sells LNG cargos to buyers (often under long-term sales and purchas...
Woodside Energy Group Earnings Call Summary
Earnings Call Date:Feb 23, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Positive
The call presented a strong operational and financial performance in 2025 with multiple high‑impact project milestones (record production, Scarborough 94% complete, Louisiana LNG FID and partner sell‑downs), robust balance sheet metrics and achievement of sustainability targets. Near‑term challenges were acknowledged — a capital‑intensive transition year (Pluto turnaround, dry docks), tax (PRRT) and production timing uncertainty (Sangomar decline), decommissioning spend and some margin volatility in marketing. On balance, the company emphasised disciplined capital management, liquidity and partner‑led de‑risking which materially mitigate execution and funding risks.Positive Updates
Record Annual Production
Achieved record full-year production of 198.8 million barrels of oil equivalent, exceeding guidance and driven by Sangomar and portfolio reliability.
Negative Updates
Lower Realised Prices
Underlying NPAT performance was supported by record production but offset by lower realised commodity prices versus FY2024, reducing comparative earnings upside.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Annual Production
Achieved record full-year production of 198.8 million barrels of oil equivalent, exceeding guidance and driven by Sangomar and portfolio reliability.
Read all positive updates
Company Guidance
Guidance and near‑term priorities: 2026 is a transition year with a major Pluto turnaround in Q2 2026 and Scarborough on track for first LNG cargo in Q4 2026 (Scarborough 94% complete at year‑end); Trion is ~50% complete targeting first oil in 2028; Louisiana LNG (three‑train, 16.5 mtpa) was 22% complete at year‑end and is targeting first LNG in 2029 with Woodside’s expected share of total CapEx now ~$9.9bn (below 60%) and Stonepeak funding ~75% of 2025–26 project CapEx; 2026 decommissioning spend is guided to ~$500–800m; 2025 metrics to note that underpin guidance include record production of 198.8 million boe, unit production costs of $7.80/boe (4% reduction y/y), free cash flow of $1.9bn, underlying NPAT of $2.6bn, cash breakeven of < $34/bbl, liquidity of $9.3bn and gearing of 18.2% (target range 10–20%); the company has hedged ~18 million barrels for 2026 at ~ $70/bbl, ~75% of LNG volumes for 2026–28 are contracted, and the Board declared a final dividend of $0.59/share (total FY dividend $1.12/share; 80% payout ratio); sustainability target of 15% net equity Scope 1 & 2 GHG reduction for 2025 was achieved.Woodside Energy Group Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.98B | 13.18B | 13.99B | 16.82B | 6.96B |
| Gross Profit | 4.54B | 5.68B | 6.47B | 10.28B | 3.12B |
| EBITDA | 9.40B | 9.50B | 8.70B | 10.41B | 4.12B |
| Net Income | 2.72B | 3.57B | 1.66B | 6.50B | 1.98B |
Balance Sheet | |||||
| Total Assets | 66.50B | 61.26B | 55.36B | 59.32B | 26.47B |
| Cash, Cash Equivalents and Short-Term Investments | 5.94B | 4.11B | 1.95B | 6.88B | 3.35B |
| Total Debt | 13.72B | 11.62B | 6.50B | 6.77B | 6.80B |
| Total Liabilities | 26.66B | 25.11B | 20.19B | 22.19B | 12.24B |
| Stockholders Equity | 35.91B | 35.40B | 34.40B | 36.34B | 13.44B |
Cash Flow | |||||
| Free Cash Flow | -782.00M | 945.00M | 854.00M | 5.67B | 1.17B |
| Operating Cash Flow | 7.19B | 5.85B | 6.14B | 8.81B | 3.79B |
| Investing Cash Flow | -7.91B | -5.75B | -5.58B | -2.27B | -2.94B |
| Financing Cash Flow | 2.49B | 2.10B | -5.00B | -3.36B | -1.42B |
Woodside Energy Group Technical Analysis
Positive
14.51
Price Trends
21.15
Positive
18.45
Positive
17.00
Positive
Market Momentum
0.76
Positive
58.37
Neutral
49.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WDS, the sentiment is Positive. The current price of 14.51 is below the 20-day moving average (MA) of 23.82, below the 50-day MA of 21.15, and below the 200-day MA of 17.00, indicating a bullish trend. The MACD of 0.76 indicates Positive momentum. The RSI at 58.37 is Neutral, neither overbought nor oversold. The STOCH value of 49.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WDS.
Woodside Energy Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $73.06B | 11.37 | 16.76% | 3.79% | -5.15% | -19.06% | |
77 Outperform | $149.80B | 14.67 | 12.28% | 3.43% | 8.41% | -16.12% | |
77 Outperform | $36.67B | 16.42 | 9.16% | 1.17% | 64.84% | 219.47% | |
75 Outperform | $29.70B | 8.71 | 17.47% | 2.64% | 11.14% | -21.32% | |
73 Outperform | $44.74B | 10.87 | 7.67% | 6.85% | 15.31% | 58.83% | |
73 Outperform | $57.17B | 16.93 | 6.43% | 2.39% | -2.48% | -65.26% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
* Energy Sector Average
WDS
Woodside Energy Group
23.94
12.17
103.31%
COP
Conocophillips
123.62
40.74
49.15%
DVN
Devon Energy
47.27
19.46
69.98%
EOG
EOG Resources
136.96
33.32
32.15%
EQT
EQT
57.70
7.56
15.07%
OXY
Occidental Petroleum
58.06
21.06
56.93%
Woodside Energy Group Corporate Events
Woodside Posts Strong 2025 Reserve Additions Despite Lower Year-End Volumes
Feb 17, 2026
On 17 February 2026, Woodside released its annual reserves statement, reporting that at 31 December 2025 it held 1,882.1 MMboe of proved (1P) reserves, 2,999.5 MMboe of proved plus probable (2P) reserves, and 5,795.7 MMboe of 2C contingent resourc...
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.