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Woodside Energy is downgraded to 'Hold' due to limited near-term valuation catalysts and flatlining post-2Q26 performance. WDS expects production growth from Scarborough/Pluto LNG ramp-up in 2H26 and further expansion with Trion (2028) and Louisiana LNG (2029). Consensus values WDS at 6x EV/EBITDA; my 6.5x multiple yields a $23.50 price target, reflecting low upside but attractive capital returns post-capex.
Woodside Energy Group Ltd (WDS) Q2 2026 Earnings Call Transcript
Woodside Energy Group (ASX: WDS) (NYSE: WDS):This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260824
PERTH, Australia--(BUSINESS WIRE)--Woodside Energy Group (ASX: WDS) (NYSE: WDS): Disciplined execution Operational excellence and project delivery Recorded operating revenue of $7,446 million, up 13% from H1 2025. Delivered production of 478 Mboe/d (86.5 MMboe) and unit production costs of $8.8/boe.1 Progressed major projects with Scarborough 98%, Trion 64%, and Louisiana LNG 28% complete. Maintained high asset reliability, with operated LNG facilities achieving 98.7% reliability, Sangomar 99.5.
Woodside Energy Group NYSE: WDS reported first-half 2026 production of 86.5 million barrels of oil equivalent and underlying net profit after tax of $1.3 billion, as the company advanced its Scarborough, Trion and Louisiana LNG projects while outlining a new cost-reduction program and a more selective approach to new-energy investments.
Woodside Energy reported a 7% rise in half-year profit on Tuesday, driven by a surge in oil prices from the conflict in the Middle East and an increase in customer demand for products.
APA has jumped nearly 100% over the last year, while Woodside Energy Group ADR is up by 32% year to date.
BP on Thursday said it has agreed to acquire Australia-based Woodside Energy's 70% interest in the Calypso gas project in Trinidad and Tobago, taking full ownership of the major early-stage deepwater discovery.