2352 GMT - Macquarie expects a solid 1Q performance from Woodside Energy, driven by liquefied natural gas output that likely beat market forecasts. Macquarie pencils in 1Q production of 43.7 million barrels of oil equivalent, ahead of consensus hopes of 42.5 million barrels. It points to data suggesting LNG output from the North West Shelf facility was strong in January, with the Pluto plant strong in March. "Focus will be on Woodside's ability to capture the commodity cycle (coming at a highly opportune time), and any offsets that could exist," Macquarie says. It retains a neutral call on the stock. "Meaningful upside in Woodside from here would require significant escalation in war impacts," Macquarie says. Woodside ended Tuesday at A$33.96. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 14, 2026 19:52 ET (23:52 GMT)
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