Analyst Consensus ?
ConsensusHold2 ratings
Bullish00.0%
Neutral2100.0%
Bearish00.0%
Woodside Energy Group Ltd · WDS · FY2023 Q2 · Calendar Q3 2023
Woodside: strong H1, project execution and approvals remain key
The supplied analysis supports a constructive but qualified view: Woodside's merger integration, LNG operations and project pipeline provide growth support, but the thesis depends on regulatory approvals, disciplined capital execution and operational safety.
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 FY2023 Q2
Transcript, numbers and history already loaded
What drove WDS's +0.6% move after FY2023 Q2 earnings?What changed in WDS's guidance and outlook in FY2023 Q2?Give me the bull and bear case for WDS after FY2023 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, management raised gas-hub exposure guidance to 27–33%, reported continued progress on Scarborough, Sangomar and Trion, and highlighted the sale of a 10% Scarborough interest to LNG Japan. Near-term execution and approval risks remained prominent.
Guidance delta
Guidance sentiment was maintained; gas-hub exposure guidance was raised to 27–33%.
Key takeaways
- Management highlighted record H1 profit and EBITDA, supported by BHP merger integration and LNG operations.
- Scarborough, Sangomar and Trion progressed, while hydrogen and carbon-capture initiatives broadened the project pipeline.
- The central tension is strong shareholder returns and growth investment alongside safety, approval, cost and execution risks.
Management priorities
- Complete Scarborough regulatory approvals and begin construction.
- Advance Sangomar pre-commissioning toward first oil in mid-2024.
- Proceed with Trion development and associated contracts.
- Advance H2OK hydrogen, carbon-capture studies and related licensing.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$23.64Current
$23.21Low
$25.61Average
$28High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 17, 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 $23.64. 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 | -1.8% | Aug 11, 2026 |
| Bernstein | Neil Beveridge | $28 | $17.7 | +18.4% | Aug 20, 2024 |
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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 earningsLatest beats and misses
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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 · 2026-10-17T21:40:41.935678+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-17T21:40:41.932906+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 2026-10-17. For educational purposes only; not investment advice.