Australia · Delayed Price · Currency is AUD Woodside Energy Group Earnings Call Transcripts
Fiscal Year 2026
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Record production and strong financial results were achieved, with major investments in LNG and clean energy projects. The board saw leadership changes and robust governance, while shareholders raised questions on climate, tax, and strategy. All resolutions passed with strong support.
Fiscal Year 2025
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Record 2025 production and strong project execution drove $2.6B underlying NPAT and $1.9B free cash flow, supporting an 80% dividend payout. Major LNG and ammonia projects advanced on schedule, with disciplined capital management and robust liquidity positioning for future growth.
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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 reviewed strong financial results, high dividend payouts, and progress on major projects like Scarborough and Louisiana LNG. Shareholders engaged on climate, governance, and project risks, with all resolutions passed and the board reaffirming its commitment to sustainability and diversity.
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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, major project milestones, and strategic acquisitions in LNG and clean ammonia. Gearing is expected to rise temporarily due to acquisitions, but robust cash flow and dividend payout are maintained.
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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 ramping up and initial cargoes sold to Europe. Drilling and reservoir results align with expectations, and the project is set to generate cash while supporting local employment and maintaining strong government relations.