2303 GMT - RBC Capital Markets is upbeat about Woodside Energy's long-term outlook, but thinks the company hit a speed bump in 4Q. It forecasts a 13% decline in Woodside's sales revenue compared to 3Q. That reflects lower sales and production volumes, along with weaker energy prices. "We see Sangomar performing relatively strongly over 4Q, but its sales volumes adversely affected by shipment timing," says analyst Gordon Ramsay, referring to Woodside's oil project in Senegal. RBC also expects lower combined LNG sales from the North West Shelf and Pluto projects in Australia compared to 3Q. "Woodside gas hub exposure guidance implies a significant increase in 4Q," RBC adds. "Over 70% of Woodside annual LNG sales remain oil price indexed." It has an outperform call on Woodside's stock.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 13, 2026 18:03 ET (23:03 GMT)
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