Analyst Consensus ?
ConsensusHold2 ratings
Bullish00.0%
Neutral2100.0%
Bearish00.0%
Woodside Energy Group Ltd · WDS · FY2022 Q4 · Calendar Q1 2023
Woodside: Strong cash generation, but capex and execution remain key
The supplied analysis supports a constructive but conditional view: strong cash generation, post-merger scale and LNG exposure can fund shareholder returns and growth projects, but the case depends on project delivery, safety improvement, regulatory progress and commodity prices.
Reported Before market openNYSEEnergy
$41.88B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$-0.03
Consensus —
EPS surprise
—
Reported versus consensus
Reported revenue
$4.56B
Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.6%
Event window
SPY move
-0.6%
Same window
Abnormal move
+1.1%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
-1.6%
Up to 20 sessions
WDSSPY benchmark
Ask FN2 about WDS FY2022 Q4
Transcript, numbers and history already loaded
What drove WDS's +0.6% move after FY2022 Q4 earnings?What changed in WDS's guidance and outlook in FY2022 Q4?Give me the bull and bear case for WDS after FY2022 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis emphasizes record 2022 earnings and free cash flow, realized merger synergies, progress on Sangomar and Scarborough, and expanded new-energy plans. Relative to the prior analysis, the focus shifts from planned spending and integration to execution, regulatory requirements and the sustainability of shareholder returns alongside higher capex.
Guidance delta
Guidance sentiment was maintained; the supplied analysis does not provide a quantitative guidance change.
Key takeaways
- Management described record 2022 profit and free cash flow, supported by higher LNG prices, BHP asset synergies and trading.
- The company maintained an 80% dividend payout while funding Scarborough, Sangomar and other projects.
- Sangomar and Scarborough execution, safety improvement and regulatory timing are central to the outlook.
- New-energy plans include Trion, H2OK hydrogen and broader decarbonisation initiatives.
Management priorities
- Deliver Sangomar and advance Scarborough and Trion.
- Seek final investment decisions for Trion and H2OK.
- Improve safety performance and continue decarbonisation initiatives.
- Maintain disciplined capital allocation and protect investment-grade credit quality.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$23.66Current
$23.21Low
$25.61Average
$28High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 25, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Citigroup | Neutral | Sell | Upgrade | Feb 25, 2025 |
| Bernstein | Market Perform | Outperform | Downgrade | Aug 20, 2024 |
Named analyst price targets
Upside is calculated against the persisted current price $23.66. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Needham | Cameron Needham | $23.21 | $23.07 | -1.9% | Aug 11, 2026 |
| Bernstein | Neil Beveridge | $28 | $17.7 | +18.3% | Aug 20, 2024 |
Track every rating change on WDS the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationWoodside Energy Group Ltd is an international energy company involved in the full spectrum of hydrocarbon operations. This includes the exploration, evaluation, development, extraction, marketing, and distribution of resources across various global regions, such as Oceania, Asia, Canada, Africa, and beyond. The company's output comprises a range of vital energy commodities: liquefied natural gas (LNG), pipeline natural gas, condensate, liquefied petroleum gas (LPG), and crude oil. Woodside maintains stakes in numerous key projects, including Greater Browse, Greater Sunrise, Greater Pluto, Greater Exmouth, North West Shelf, Wheatstone, Julimar-Brunello, specific ventures in Canada and Senegal, Greater Scarborough, and Myanmar. Founded in 1954, the company operated as Woodside Petroleum Ltd until its rebranding to Woodside Energy Group Ltd in May 2022. Its corporate base is situated in Perth, Australia.
Historical context
All WDS earningsEnergy peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| SLB Slb N.V. | FY2026 Q3 · Calendar Q4 2026 | +3.7% | +7.1% | SLB Q3 2026: Growth Broadens Beyond Core Oilfield |
| E Eni S.p.A. | FY2026 Q3 · Calendar Q4 2026 | +13.9% | +4.3% | Eni pairs upstream growth with record shareholder returns and transition progress |
| VLO Valero Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | +12.9% | -2.4% | Valero Q3: Record Profitability, Strong Cash Generation and Execution Risks |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the WDS recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-11T06:39:45.180704+00:00
- Polygon adjusted daily market bars · 2026-10-25T22:30:42.965462+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-25T22:30:42.962802+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-25. For educational purposes only; not investment advice.