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Woodside Energy Group Ltd (WDS)
:WDS
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.65Last Year’s EPS
0.75Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 6.16%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial and operational performance by Woodside, with significant progress on major projects and strategic initiatives. However, safety challenges and regulatory delays present notable concerns.Company Guidance
In the 2024 full-year results call for Woodside Energy Group Limited, CEO Meg O’Neill highlighted the company’s strong performance, driven by record annual production of 194 million barrels of oil equivalent, at the high end of their guidance. Financially, Woodside reported a net profit after tax of $3.6 billion, an increase from 2023, with earnings per share of 189 cents. The company maintained a fully franked dividend of 122 cents per share, positioning it at the top of its payout range. Woodside’s cost efficiency improved, with unit production costs reduced to $8.10 per barrel, while net equity Scope 1 and 2 emissions were cut by 14% from the baseline. The call underscored major project milestones, including progress at Scarborough, which is 80% complete and targeted for first LNG cargo in 2026, and the Beaumont New Ammonia project, now 83% complete. The company anticipates a compound annual growth rate of 4% to 5% in portfolio sales from 2024 to 2030, reflecting robust LNG demand, especially in Asia. These efforts are expected to yield significant free cash flow over the next decade, bolstered by strategic acquisitions and partnerships.Record Annual Production
Woodside achieved record annual production in 2024 of 194 million barrels of oil equivalent, reaching the top end of their full-year guidance range.
Significant Financial Performance
The company reported a net profit after tax of $3.6 billion, a significant increase from 2023, with earnings per share of U.S. 189 cents.
Dividend and Cost Efficiency
Declared a fully franked total full-year dividend of U.S. 122 cents per share, at the top of the payout range, with unit production cost reduced to $8.10 per barrel of oil equivalent.
Progress on Major Projects
Scarborough project is 80% complete, on track for first LNG cargo in 2026. Trion is on track for first oil in 2028. Sangomar achieved early production performance exceeding expectations.
Investment in Climate Commitments
Reduced net equity Scope 1 and 2 emissions by 14% below the starting base and made strategic acquisitions like Beaumont New Ammonia to meet climate targets.
Successful Strategic Partnerships
Welcomed strategic partners LNG Japan and JERA to the Scarborough joint venture, demonstrating the ability to attract high-quality partners.
Strong Market Position
Woodside is positioned to meet global energy needs and drive shareholder value, with a focus on LNG playing a crucial role in the energy transition.
Community and Economic Contributions
Invested $7.9 billion in local economies and contributed significantly to government revenues, being the fifth largest taxpayer in Australia.
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WDS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WDS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $14.61 | $14.99 | +2.60% |
| Aug 26, 2024 | $17.24 | $17.61 | +2.15% |
| Feb 26, 2024 | $18.42 | $18.66 | +1.30% |
| Aug 21, 2023 | $22.46 | $21.90 | -2.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Woodside Energy Group Ltd (WDS) report earnings?
Woodside Energy Group Ltd (WDS) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Woodside Energy Group Ltd (WDS) earnings time?
Woodside Energy Group Ltd (WDS) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WDS EPS forecast?
WDS EPS forecast for the fiscal quarter 2024 (Q4) is 0.65.
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