Woodside Energy Third Quarter Report for Period Ended 30 September 2026
Woodside reported Q3 2026 operating revenue of $4,281 million, up 2% from Q2 and 27% from Q3 2025, on production of 46.2 MMboe, up 12% QoQ following completion of the Pluto LNG and NWS turnarounds. Realised LNG prices hit $84/boe, up 27% QoQ on price lags and portfolio optimisation, but YTD production of 132.7 MMboe is down 11% year-over-year and liquids pricing softened. Scarborough is 99% complete with first LNG cargo on track for Q4 2026; Trion is 71% complete targeting first oil in 2028, and Louisiana LNG is 32% complete targeting first LNG in 2029.
Key figures
- Revenue
- 4281
- Guidance
- FY2026 total production 174-181 MMboe (from 174-185); capex $4,000-4,500M unchanged; production costs $1,500-1,800M unchanged
- Revenue Yoy
- 27%
- Net debt usd m
- 8900
- Production qoq
- 12%
- Liquidity usd m
- 7800
- Production ytd yoy
- -11%
- Dividend paid usd m
- 1084
- Production q3 mmboe
- 46.2
- Production ytd mmboe
- 132.7
- Trion completion pct
- 71
- Realised lng price qoq
- 27%
- Bond maturity paid usd m
- 800
- Avg realised price per boe
- 84
- Realised lng price per boe
- 84
- Scarborough completion pct
- 99
- Cost reduction target usd m
- 350
- Louisiana lng completion pct
- 32
- Hedge net cash outflow ytd usd m
- 565
AI analysis
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