Australia · Delayed Price · Currency is AUD Woodside Energy Group Earnings Call Transcripts
Fiscal Year 2026
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The meeting highlighted record production and strong financial results, major project progress, and continued investment in both traditional and new energy. Shareholders approved all resolutions, with robust discussion on climate, governance, and future strategy.
Fiscal Year 2025
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Record 2025 production and strong operational performance offset lower prices, delivering $2.6B NPAT and $1.9B free cash flow. Major projects advanced on schedule, with Scarborough and Louisiana LNG progressing and robust shareholder returns maintained.
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Sales volumes are set to grow 50% by 2032, driven by major LNG and oil projects, with disciplined capital allocation and a focus on innovation and operational excellence. Louisiana LNG and Scarborough are key growth drivers, while marketing and shipping strategies enhance value capture.
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Delivered strong half-year results with $1.3B net profit, 548,000 boe/d production, and a 70% EBITDA margin. Major projects advanced, including Louisiana LNG and Scarborough, with robust liquidity and disciplined capital management supporting growth and high shareholder returns.
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The meeting highlighted strong financial results, robust dividends, and progress on major projects like Scarborough and Louisiana LNG. Shareholders engaged on climate, governance, and project risks, with the board emphasizing disciplined capital allocation and ongoing commitment to diversity and sustainability.
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A final investment decision was made for the three-train Louisiana LNG project, targeting first LNG in 2029 and an IRR above 13%. The project is de-risked with fixed EPC costs, strong partners, and flexible marketing, supporting portfolio growth, emissions goals, and robust shareholder returns.
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Sustainability is central to strategy, with strong progress on emissions reduction, safety, and First Nations engagement. Major investments in LNG and new energy projects support decarbonization and economic growth, while robust governance and transparency address investor and stakeholder expectations.
Fiscal Year 2024
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Record production and strong financials in 2024, with net profit after tax up to $3.6B and a fully franked $1.22/share dividend. Major growth projects advanced, portfolio expanded, and sustainability targets met, positioning for long-term value creation.
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Strong H1 2024 results with $1.9B profit and 7.3% dividend yield, robust cash flow, and disciplined capital management. LNG portfolio spans both basins, with growth from Scarborough and Driftwood projects, and continued focus on operational excellence and energy transition.
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Woodside is advancing a global LNG strategy with a diversified, resilient portfolio, strong financial discipline, and a focus on operational excellence and sustainability. Major projects and acquisitions, such as Driftwood LNG, position it for growth, while flexible marketing and shipping strategies enable value capture in dynamic markets.
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Strong half-year results driven by disciplined cost management, robust project execution, and strategic acquisitions in LNG and clean ammonia. Net profit after tax reached $1.9 billion, with a $0.69 per share dividend and positive free cash flow, while gearing is expected to temporarily exceed target due to recent investments.
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A $2.35B acquisition of a Texas clean ammonia project advances energy transition goals, offering early entry into a growing lower-carbon market with strong operational guarantees and expected returns above 10% IRR. The project is set to be cash flow accretive from 2026 and supports significant Scope 3 abatement targets.
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The acquisition of Tellurian and Driftwood LNG offers a fully permitted, near-FID U.S. LNG platform, enhancing global LNG exposure and supporting energy transition goals. The deal is valued at $900 million equity, with integration and FID readiness targeted by early 2025.
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First oil from Sangomar marks a major milestone, with production and reservoir quality meeting expectations. The project is generating initial cash flow, has strong local and government support, and maintains its production and financial outlook.