Woodside Energy Group Stock Earnings Reports

Woodside reported strong FY2025 results driven by record production (198.8 mmboe) and disciplined execution across operations and growth projects. Underlying NPAT was $2.6 billion, free cash flow $1.9 billion, and the Board declared a final dividend of $0.59 per share (total FY dividend $1.12; payout ~80%). Unit production costs fell to $7.80/boe. Key project progress: Scarborough was 94% complete and on track for first LNG cargo in Q4 2026; Beaumont New Ammonia achieved first ammonia and is ramping to handover in H1 2026; Trion is ~50% complete targeting first oil in 2028; Louisiana LNG reached 22% completion and is targeting first LNG in 2029. Woodside brought in strategic partners (Stonepeak and Williams) that materially reduced Woodside’s capital commitment and improved funding for near-term capex. The company met its 2025 net equity Scope 1 and 2 emissions reduction target and stressed safety achievements. Near-term execution risks/ priorities for 2026 include the Pluto major turnaround (tie-ins for Scarborough), completing further sell-downs for Louisiana LNG HoldCo, Scarborough start-up ramp, managing ramp/decline at Sangomar, and maintaining gearing and liquidity (closed year with $9.3 billion liquidity and gearing ~18.2%). Management emphasizes disciplined capital allocation, continued marketing optimization, and the option to use the capital management framework (including potential special distributions) depending on 2026 outcomes.