WOODSIDE ENERGY GROUP LTD (WDS) Form 6-K — Aug 26, 2026
Woodside furnished its Half-Year 2026 results briefing transcript, reporting underlying net profit after tax of $1.3 billion, EBITDA of approximately $4.6 billion, and free cash flow of $352 million, up more than 150% year on year, on production of 86.5 million barrels of oil equivalent and an average realised price of $74 per boe. The Board declared a fully franked interim dividend of US$0.57 per share, once again at the top end of the 50-80% payout range, lifting shareholder returns to roughly US$12 billion since the 2022 BHP petroleum merger, while liquidity stood at $8.2 billion and gearing at 20.6% is expected back below 20% by year end.
Key figures
- Net Income
- US$1.3 billion (underlying net profit after tax)
- Gearing
- 20.6% (vs 10-20% target; expected below 20% at 31 Dec 2026)
- Liquidity
- $8.2 billion (cash and undrawn facilities)
- Production
- 86.5 million barrels of oil equivalent
- Ebitda h1 2026
- $4.6 billion
- Free cash flow
- $352 million (up more than 150% year on year)
- Lng contracting
- ~75% of LNG volumes contracted through 2028
- Interim dividend
- US$0.57 per share, fully franked, top end of 50-80% payout range
- H2 trading upside
- More than $100 million of value from H1-executed trades
- Project completion
- Scarborough 98%, Trion 64%, Louisiana LNG 28% (Train 1 35%)
- Cost reduction target
- US$350 million per year from 2028
- Average realised price
- $74 per boe
- Hedges cash settled h1
- 62%
- Operating cash flow h1
- $3 billion
- Sangomar h1 production
- 15 million boe Woodside share at 99.5% reliability
- Bass strait opportunity
- Up to 200 petajoules, ~$1 billion four-well development
- Retired new energy target
- $5 billion by 2030 (~$3 billion remaining; $2.6 billion cumulative spend as at end 2025)
- Perdaman ttf derivative loss
- $135 million non-cash loss; $297 million negative swing vs prior year
- Sangomar ebitda since startup
- $3.8 billion
- Louisiana lng total investment
- $9.9 billion (Woodside capital exposure reduced to 57%)
- Shareholder returns since 2022
- ~US$12 billion since BHP petroleum merger
- Australian taxes royalties paid
- More than A$1 billion during the half
- Louisiana lng capital contributions
- $1.7 billion from Stonepeak and Williams
AI analysis
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