Market Too Bearish on Woodside Energy's Outlook in 2026 -- Market Talk

Dow Jones08:19

0019 GMT - Are market forecasts for Woodside Energy too conservative? Morgans analyst Adrian Prendergast thinks so. He points out that Woodside just declared a final dividend of US$0.59/share that is more than the US$0.55/share payout that the market expects for all of 2026. There are challenges ahead, including a turnaround of the Pluto LNG facility and output from the Sangomar oil-project starting to decline. "How Pluto performs post turnaround, and Sangomar behaves once it starts to decline, are both uncertainties that in our view are driving Woodside's conservative guidance of 172 million-186 million BOE," Morgans says. "But also sets up potential for a subsequent upgrade if Woodside gains confidence during 1H." (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

February 24, 2026 19:19 ET (00:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment