WDS Earnings Prediction
The chart below shows how WDS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WDS sees a -1.28% change in stock price 10 days leading up to the earnings, and a -4.00% change 10 days following the report. On the earnings day itself, the stock moves by -1.05%. This data can give you a slight idea of what to expect for the next quarter's release.
WDS Key Earning Data
2024/Q4
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WDS Earnings Analysis
Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share Corporation (WDS.N) Earnings Conference Call
Positive
Net Profit and Dividend: Strong financial performance with a net profit after tax of $1.9 billion, leading to a healthy interim dividend of $0.69 per share, at the top end of the payout ratio range.
Cost Reduction Achievement: Unit production costs were reduced by 6% to $8.30 per barrel, demonstrating effective cost management in an inflationary environment.
LNG Reliability and Production: Achieved world-class LNG reliability of 98% and production of over 89 million barrels of oil equivalent, on track to meet full-year production guidance.
Sangomar Project Capacity Achievement: The Sangomar project reached nameplate capacity of 100,000 barrels per day, with all 24 wells drilled and completed, showcasing strong operational performance.
Scarborough Energy Project Update: The Scarborough Energy project is 67% complete and on track for first LNG cargo in 2026, with significant domestic gas supply benefits for Western Australia.
Negative
Revenue Decline Factors: Lower average realized prices impacted financial performance, contributing to a decrease in revenue despite strong operational metrics.
Gearing Concerns Amid Acquisitions: The company expects gearing to exceed the target range of 20% due to recent acquisitions, raising concerns about financial stability in a subdued oil price environment.
Investor Dissatisfaction with Sustainability: The shareholder vote on the climate transition action plan was disappointing, indicating potential investor dissatisfaction with corporate sustainability efforts.
Production Guidance Stability: Production guidance remains unchanged despite strong ramp-up at Sangomar, suggesting potential issues in meeting previously set expectations.
Cost Overrun Concerns: The recent $500 million cost increase for the Scarborough project raises concerns about budget overruns and project execution risks.
WDS FAQs
How does WDS typically perform around its earnings report dates?
Is Woodside Energy Group Ltd (WDS) Q2 2024 Earnings Call Summary positive or negative?
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WDS Earning Call Sentiment
Woodside Energy Group Ltd (WDS) Q2 2024 Earnings Call Transcript
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WDS.N
0.32%Positive
Basic Financial Performance: 4 (strong cash flow, reduced costs, but gearing concerns). Product Development and Business Update: 4 (growth in LNG, but some uncertainties). Market Strategy: 3 (no clear priorities for Browse vs. Sunrise). Expenses and Financial Health: 4 (strong cash margin, but gearing above target). Shareholder Return Plan: 4 (healthy dividend, but concerns on maintaining payout). Q&A insights suggest positive sentiment towards growth and cost management, though some unclear responses on future contracts and reliability. Overall, a positive outlook with strong financials and optimistic growth guidance.
