Woodside Energy lifts Q3 revenue to US$4.28B
- Woodside Energy generated quarterly operating revenue of US$4.281 billion, driven by higher realised LNG prices and stronger production volumes.
- The company's quarterly production rose 12% to 46.2 million barrels of oil equivalent, sending its stock to $33.70.
- Woodside adjusted its full-year output guidance to 174–181 MMboe while pushing major projects towards key completion milestones.
Woodside Energy (ASX:WDS) posted a 2% revenue increase to US$4.281 billion for Q3 2026, boosted by a 27% jump in average realised LNG prices.
The result shows a strong operational rebound from Q2 2026, when extensive plant maintenance and turnaround activities temporarily restricted Pluto LNG output.
Woodside CEO Liz Westcott said the strong third quarter performance reflected the company’s highly reliable operations and disciplined execution of major growth projects.
"Amid ongoing volatility in global energy markets, we have remained a reliable supplier to our customers. Increased quarterly operating revenue reflected increased production and strong realised prices."
Operationally, the Scarborough Energy Project reached 99% completion, while the company narrowed its full-year 2026 production target to 174–181 MMboe.
Following the announcement the Woodside Energy share price was up at $33.70.
As part of its ongoing portfolio management, Woodside agreed to divest its 70% operated interest in the Calypso Project to bp.
Looking further ahead, the group remains on track for first oil at its Trion Project in 2028 and first LNG from Louisiana in 2029.
