Cracker Barrel Reports Disappointing Earnings, Alongside Red Cat and Other Major Stocks Declining in Thursday's Pre-Market Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2025
0mins
Source: Benzinga
U.S. Stock Futures: U.S. stock futures rose this morning, with Dow futures increasing by approximately 300 points.
Cracker Barrel Earnings Report: Cracker Barrel's shares fell 9.3% in pre-market trading after reporting fourth-quarter revenue of $868.09 million, which beat estimates, but adjusted earnings of 74 cents per share missed expectations.
Other Stocks Declining: Several other stocks also saw declines in pre-market trading, including Red Cat Holdings (-8.7%), Angel Studios (-5.8%), and Nucor Corp (-3.6%), among others.
Market Overview: The overall market sentiment appears cautious as multiple companies report disappointing earnings or guidance, impacting their stock prices negatively.
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Analyst Views on WDS
About WDS
Woodside Energy Group Ltd is a global energy company. Its segments include Australia, International, Marketing and Corporate. The Australia segment is engaged in the exploration, evaluation, development, production and sale of liquefied natural gas, pipeline gas, crude oil and condensate and natural gas liquids. International segment is engaged in the exploration, evaluation, development, production and sale of LPG, pipeline gas, crude oil and condensate and natural gas liquids in international jurisdictions outside of Australia. Marketing segment is engaged in the marketing, shipping and trading of its oil and gas portfolio. Its projects include Pluto LNG, North West Shelf Project, Woodside Solar, Scarborough Energy Project, Beaumont New Ammonia Project, Sangomar, and others. It holds an interest in Woodside Louisiana LNG, which is an under-construction LNG production and export terminal in Lake Charles, Louisiana. The Sangomar oil and gas is located 100 kilometers south of Dakar.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Project Progress: Woodside's Scarborough project is over 96% complete and is on track to deliver its first LNG cargo in Q4 2026, positioning it as a significant new source of LNG supply in Australia, thereby enhancing its production capacity and market competitiveness.
- Financial Outlook: Woodside expects its LNG production to reach approximately 40 million tons annually by 2032, with annual operating cash flow projected to increase from about $5 billion today to roughly $9 billion, showcasing its robust future performance that attracts ExxonMobil's interest.
- Acquisition Challenges: Despite Woodside's market value being around $40 billion, a potential acquisition would face political scrutiny and execution risks, particularly as its Louisiana LNG project encounters commercialization challenges, necessitating ExxonMobil to carefully assess the feasibility of such a deal.
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- Project Progressing Well: Woodside's Scarborough project is over 96% complete and is on track to deliver its first LNG cargo in Q4 2026, positioning it as a significant new source of LNG supply in Australia and enhancing its competitive edge in the market.
- Optimistic Financial Outlook: Woodside expects its LNG production to reach approximately 40 million tons annually by 2032, with annual operating cash flow projected to increase from about $5 billion today to roughly $9 billion, indicating sustainable growth amid rising global energy demand.
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- Acquisition Potential: ExxonMobil, after completing its $60 billion acquisition of Pioneer Natural Resources, is reportedly considering Woodside Energy, which produced a record 198.8 million barrels of oil equivalent and generated $12.98 billion in revenue in 2025, highlighting its strong growth potential in the liquefied natural gas (LNG) market.
- Project Progress: Woodside's Scarborough project is over 96% complete and is on track to deliver its first LNG cargo in Q4 2026, positioning it as a significant new source of LNG supply in Australia, thereby enhancing its production capacity and market competitiveness.
- Financial Outlook: Woodside expects its LNG production to reach approximately 40 million tons annually by 2032, with annual operating cash flow projected to increase from about $5 billion today to roughly $9 billion, showcasing its robust future performance that attracts ExxonMobil's interest.
- Acquisition Challenges: Despite Woodside's market value being around $40 billion, a potential acquisition would face political scrutiny and execution risks, particularly as its Louisiana LNG project encounters commercialization challenges, necessitating ExxonMobil to carefully assess the feasibility of such a deal.
See More
ExxonMobil Pursues Expansion in LNG Business with Potential Woodside Acquisition
- Clear Acquisition Target: Following its $60 billion acquisition of Pioneer Natural Resources, ExxonMobil is reportedly eyeing Woodside Energy, which achieved a record production of 198.8 million barrels of oil equivalent and generated $12.98 billion in revenue in 2025, highlighting its strong growth potential in the LNG market.
- Project Progressing Well: Woodside's Scarborough project is over 96% complete and is on track to deliver its first LNG cargo in Q4 2026, positioning it as a significant new source of LNG supply in Australia and enhancing its competitive edge in the market.
- Optimistic Financial Outlook: Woodside expects its LNG production to reach approximately 40 million tons annually by 2032, with annual operating cash flow projected to increase from about $5 billion today to roughly $9 billion, indicating sustainable growth amid rising global energy demand.
- Acquisition Risk Considerations: Despite Woodside's market value of around $40 billion, a potential acquisition would face political scrutiny and execution risks, particularly given the commercialization challenges facing its Louisiana LNG project, prompting ExxonMobil to carefully evaluate the feasibility of such a deal.
See More
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- Oil Price Volatility: Following the announcement of a framework for a long-term peace deal between Iran and the U.S., oil prices have dropped 30% from their nearly $113 peak on April 7, indicating market optimism about future supply, which could further impact global energy market stability.
- Positive Market Reaction: The Dow Jones Industrial Average surged above 52,000 for the first time, although it later retreated, reflecting investor expectations surrounding the peace deal, which may boost related energy stocks and enhance market confidence.
- Supply Chain Recovery: JPMorgan reports that oil flows through the Strait of Hormuz increased from 2.9 million barrels per day in May to 5.1 million barrels per day in June, although still at only 25% of pre-war levels, this recovery speed could accelerate global market supply and subsequently affect oil prices.
- Gasoline Price Decrease: The national average gasoline price is expected to fall below $3.50 per gallon within two weeks, with 11 states already below $3.65, providing tangible benefits to consumers and reflecting the positive economic impact of declining oil prices.
See More
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- Stock Price Decline: Woodside Energy (WDS) shares fell 7.6% in pre-market trading on Monday after denying discussions with Exxon Mobil (XOM) regarding a potential takeover, reflecting negative market sentiment towards the acquisition speculation.
- Oil Price Impact: The drop in crude oil prices by approximately 5% following a preliminary agreement between the U.S. and Iran to end hostilities and resume traffic through the Strait of Hormuz further exacerbated Woodside's stock decline, indicating the market's sensitivity to energy price fluctuations.
- Regulatory Hurdles: Any bid by Exxon (XOM) for Woodside (WDS) would likely face significant regulatory challenges, as Australia has only two listed major energy producers, and the government may be reluctant to approve the exit of the largest one from the local market, highlighting the restrictive policy environment for industry consolidation.
- Local Government Opposition: Western Australia Premier Roger Cook stated that the state government would oppose any takeover that involved relocating Woodside's headquarters from Perth, emphasizing the local government's commitment to protecting domestic businesses, which could impact future acquisition negotiations.
See More
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- Acquisition Target Assessment: ExxonMobil is evaluating potential acquisition targets, including Australia-based Woodside Energy Group, aiming to expand further into the liquefied natural gas (LNG) sector and reinforce its foothold in Asian energy markets.
- Strategic Shift: A successful acquisition of Woodside would represent a strategic shift for ExxonMobil, which previously completed a $60 billion deal for US shale producer Pioneer Natural Resources in 2024, indicating a significant expansion of its operational reach.
- Rising Market Demand: Increased energy demand and geopolitical disruptions have prompted Asian buyers to seek LNG suppliers outside the Middle East, with Woodside establishing sales agreements in Japan and South Korea and progressing on a Gulf Coast development set to operate by 2029.
- Government Stance: Western Australia Premier Roger Cook indicated that the state government would not support any acquisition that results in Woodside's headquarters moving from Perth, highlighting local government’s protective stance towards its businesses.
See More
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- Acquisition Rumor Clarification: Woodside confirms it is not in discussions with Exxon Mobil regarding any acquisition, despite media speculation, highlighting the company's commitment to transparency.
- Continuous Disclosure Obligations: Woodside reiterates its commitment to fully comply with continuous disclosure obligations, ensuring that investors and the market are informed about the company's status, thereby maintaining market trust.
- Stock Price Reaction: Following the clarification, Woodside's stock traded at A$30.99, down A$0.24 or 0.78%, reflecting the market's sensitivity to acquisition rumors and investor sentiment.
- Market Dynamics: While reports suggested Exxon Mobil was in early-stage discussions about acquisition targets, Woodside's statement indicates no such discussions are occurring, which may impact investor confidence and future transaction expectations.
See More
