WOODSIDE ENERGY GROUP LIMITED (WDS)
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WDS

WDS - WOODSIDE ENERGY GROUP LIMITED

FNArena Sector : NatGas
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 1.49
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$34.79

23 Mar
2026

0.750

OPEN

$34.13

2.20%

HIGH

$34.88

10,940,686

LOW

$33.96

TARGET
$29.083

+0.35 change from previous day

 -16.4% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEL . APA . BLU . COI . CRD . CTP . D3E . GHY . GLL . KAR . ORG . STO . STX . TBN .
FNARENA'S MARKET CONSENSUS FORECASTS
WDS: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 222.7 xxx
DPS (cps) 124.2 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 15.6 xxx
Dividend Yield 3.6% xxx
Div Pay Ratio(%) 55.8% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 28/08 - ex-div 81.3c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx222.4
DPS All xxxxxxxxxxxxxxx165.3
Sales/Revenue xxxxxxxxxxxxxxx20,097.3 M
Book Value Per Share xxxxxxxxxxxxxxx2,840.8
Net Operating Cash Flow xxxxxxxxxxxxxxx10,061.8 M
Net Profit Margin xxxxxxxxxxxxxxx20.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx7.59 %
Return on Invested Capital xxxxxxxxxxxxxxx5.73 %
Return on Assets xxxxxxxxxxxxxxx4.24 %
Return on Equity xxxxxxxxxxxxxxx7.59 %
Return on Total Capital xxxxxxxxxxxxxxx6.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-5,294.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx1,411 M
Long Term Debt xxxxxxxxxxxxxxx19,166 M
Total Debt xxxxxxxxxxxxxxx20,577 M
Goodwill - Gross xxxxxxxxxxxxxxx6,642 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx8,566 M
Price To Book Value xxxxxxxxxxxxxxx0.83

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx12,366.4 M
Capex % of Sales xxxxxxxxxxxxxxx61.53 %
Cost of Goods Sold xxxxxxxxxxxxxxx14,131 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx748 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx486 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.2

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

09/03/2026

5

Downgrade to Underweight from Equal-weight

$26.00

-25.27%

Morgan Stanley notes the US-Iran conflict adds higher prices to all its Australian energy stocks under coverage, albeit there is uncertainty as to when conditions will stabilise.

Woodside Energy is downgraded to Underweight from Equal-weight because of the cash flow uncertainty in the near term and the valuation, estimating the last closing share price implies US$83/bbl for a long-term oil price.

The broker favours Santos and Karoon Energy with its least favourites being Beach Energy and Origin Energy.

Target is steady at $26. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 EPS of 185.88 cents.
Morgan Stanley forecasts a full year FY27 EPS of 174.97 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

05/03/2026

3

Downgrade to Neutral from Overweight

$26.25

-24.55%

Woodside Energy’s 2025 result was viewed as solid and largely in line with Jarden's expectations, reflecting strong operational performance but limited new updates

Underlying NPAT of US$2.65bn came in slightly ahead of forecasts, supporting a final dividend of US$0.59 at the top end of the company’s 50–80% payout range.

Management characterised calendar 2026 as a transition year, with key priorities including completing the Scarborough LNG project, progressing further sell-downs of Louisiana LNG, and securing additional LNG contracts.

Jarden lifted earnings forecasts following a Sangomar reserve upgrade, which lowers depreciation costs and increases forecast EPS and DPS, although dividends are still expected to fall materially from 2025 levels.

Jarden downgrades the stock to Neutral from Overweight with a $26.25 target price, up from $25.20 previously.

FORECAST
Jarden forecasts a full year FY26 dividend of 96.95 cents and EPS of 123.47 cents.
Jarden forecasts a full year FY27 dividend of 90.89 cents and EPS of 116.04 cents.
Access Extra Coverage Research History >

WDS STOCK CHART

FNArena News on WDS

1
Next Week At A Glance – 23-27 Mar 2026

Mar 20 2026 - Weekly Reports
2
Rudi’s View: Oil, Inflation, Growth & Stagflation

Mar 18 2026 - Rudi's View
3
Weekly Ratings, Targets, Forecast Changes – 13-03-26

Mar 16 2026 - Weekly Reports
4
Rudi’s View: Post-February Conviction Calls

Mar 12 2026 - Rudi's View
5
Rudi’s View: TACO Time?

Mar 11 2026 - Rudi's View

Latest NatGas News

1
Buying The Santos Dip

10:30 AM - Technicals
2
Woodside Shares Readying to Target $38

Feb 24 2026 - Technicals
3
A Major Low For Santos Shares (?)

Jan 27 2026 - Technicals
4
Compare The Pair: Woodside Versus Santos

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Nov 26 2025 - Small Caps
6
Woodside Targets Significant Dividend Increase

Nov 12 2025 - Commodities
7
Santos Setback: Back To Fundamentals

Sep 24 2025 - Commodities
8
Woodside Shares Targeting $30

Aug 12 2025 - Technicals
9
Meet LGI, Alternative Clean Energy Producer

Apr 10 2025 - Small Caps
10
All Eyes On Woodside’s Lousiana LNG Sell Down

Feb 27 2025 - Commodities