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)
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