Woodside Energy Group Ltd Q2 2026 Earnings Recap

WDS Q2 2026 August 26, 2026

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Woodside’s shares declined 6.0% following the release as investors were likely disappointed by the cautious outlook marked by constrained production at Beaumont New Ammonia due to third-party feedstock limits, which are expected to persist through 2027.

Earnings Per Share Beat

$0.88 vs $0.78 est.

+13.3% surprise

Revenue Beat

7446000000 vs 3613200000 est.

+106.1% surprise

Market Reaction

Post-Earnings -6.04%

Aug 26 to Aug 31 +1.66%

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Key Takeaways

Total production reached 86.5 million barrels of oil equivalent in the half, supported by reliable operations across the portfolio.
Free cash flow more than doubled year-on-year, and EBITDA remained strong at $4.6 billion.
Beaumont New Ammonia production was limited by third-party feedstock availability, with constraints expected into 2027.
Progress continues on major projects, including Scarborough at 98% completion and on schedule for first LNG cargo in Q4 2026.
Structural cost reduction target of USD 350 million annually by 2028 was announced to improve cost discipline.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit WDS on AllInvestView.