WOODSIDE ENERGY GROUP LTD (WDS) Form 6-K — Oct 21, 2026
Woodside delivered Q3 2026 operating revenue of $4,281 million, up 2% QoQ and 27% YoY, driven by a 27% jump in realised LNG prices to $84/boe and 12% higher production of 46.2 MMboe following completion of the Pluto LNG and NWS turnarounds. Scarborough is now 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. The company agreed to sell its 70% operated interest in the Calypso Project to bp and will initiate a formal process to reduce its investment in Beaumont New Ammonia following a strategic review.
Key figures
- Capex
- $722 million quarterly
- Net Debt
- $8,900 million (including lease liabilities)
- Revenue
- 4281000000
- Guidance
- FY2026 production narrowed to 174-181 MMboe (prior 174-185); capex $4,000-4,500M; production costs $1,500-1,800M unchanged
- Liquidity
- $7,800 million
- Revenue Yoy
- 27% YoY increase (Q3 2026 vs Q3 2025: $3,359M); +2% QoQ
- Realised Price
- $84/boe, +27% vs Q2 2026, +40% vs Q3 2025
- Production Volumes
- 46.2 MMboe (503 Mboe/d), +12% QoQ, -9% YoY
- Ytd Revenue
- $11,727 million (+18% YoY)
- Dividend Paid
- $1,084 million
- Ytd Production
- 132.7 MMboe (-11% YoY)
- Trion Completion
- 71%
- Bond Maturity Repaid
- $800 million
- Cost Reduction Target
- $350 million from 2028
- Hedge Cash Outflow Ytd
- $565 million
- Bna Production Capacity
- 69% of nameplate due to feedstock and 30-day shutdown
- Scarborough Completion
- 99%
- Louisiana Lng Completion
- 32%
- Hedge Pre Tax Profit Reduction
- $519 million
AI analysis
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