The Woodside Energy Group Ltd (ASX: WDS) share price is in focus after the company reported third-quarter results, delivering operating revenue of US$4,281 million (up 2% on Q2 2026) and lifting production by 12% thanks to robust LNG performance and improved portfolio reliability.
What did Woodside Energy report?
- Operating revenue: US$4,281 million, up 2% from the previous quarter
- Production volumes: 46.2 million barrels of oil equivalent (MMboe), up 12% quarter-on-quarter
- Realised LNG price: US$84/boe, a 27% increase compared to Q2 2026
- Operational reliability: >99% at Sangomar, North West Shelf (NWS) Project LNG, and Pluto LNG
- Capital expenditure: US$722 million, down from US$784 million in Q2 2026
- Dividend: Paid US$1,084 million fully franked dividend in Q3 2026
What else do investors need to know?
Woodside made significant progress on its major growth projects, with the Scarborough Energy Project now 99% complete and on track to deliver first LNG cargo in the fourth quarter of 2026. The Trion Project reached 71% completion and is targeting first oil in 2028, while the Louisiana LNG Project advanced to 32% completion and aims to begin production in 2029.
During the quarter, Woodside agreed to sell its 70% interest in the Calypso Project to bp and wrapped up a strategic review at Beaumont New Ammonia (BNA)—now moving to reduce its investment amid a slower lower-carbon ammonia market. Reliability across key assets remained strong, offsetting some softer liquids pricing and unplanned events, including a short shutdown at BNA and three process safety incidents. Liquidity stood at around US$7.8 billion.
What did Woodside Energy management say?
Woodside CEO Liz Westcott commented:
Amid ongoing volatility in global energy markets, we have remained a reliable supplier to our customers. Increased quarterly operating revenue reflected increased production and strong realised prices. We maintained outstanding reliability across our global portfolio, with reliability of 99.8% at Pluto LNG and 99.3% at the NWS Project in Australia, and 99.2% at Sangomar in Senegal. The Scarborough Energy Project is now 99% complete, and we remain on track for first LNG cargo this year. These actions demonstrate our disciplined approach to portfolio management and capital allocation, with a clear focus on investments that deliver long-term shareholder value.
What’s next for Woodside Energy?
Woodside narrowed its full-year production guidance slightly to 174–181 MMboe, reflecting operational updates across its portfolio. Major project milestones remain on track, with first Scarborough LNG expected by year end and Trion and Louisiana LNG progressing toward targeted start-up dates.
The company continues to focus on cost reduction, portfolio streamlining, and energy transition opportunities. Next up, Woodside will hold its Capital Markets Day in November, where investors can expect more on the company’s long-term strategy and project pipeline.
Woodside Energy share price snapshot
Over the past 12 months, Woodside Energy shares have risen 51%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has declined 3% over the same period.
The post Woodside Energy posts Q3 2026 earnings appeared first on The Motley Fool Australia.
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