Woodside Energy Group (WDS) Q3 2025 earnings summary

Executive summary

• Achieved quarterly production of 50.8 MMboe, up 1% from Q2 2025, with full-year guidance raised to 192–197 MMboe.

• Sangomar field delivered 99 Mbbl/d at 98.2% reliability, generating $477 million in revenue.

• Pluto LNG and North West Shelf assets demonstrated outstanding reliability, with 100% and 99.9% uptime, respectively.

• Completed divestment of Greater Angostura assets for $259 million and agreed to assume operatorship of Bass Strait assets.

• Signed long-term LNG supply agreements with PETRONAS and BOTAŞ.

Financial highlights

• Q3 2025 revenue was $3,359 million, up 3% sequentially but down 9% year-over-year.

• Average realised price was $60/boe, a 2% increase from Q2 2025.

• Capital expenditure for Q3 was $1,323 million, up 76% from Q2, with $276 million allocated to Louisiana LNG.

• YTD production reached 149.9 MMboe, up 5% year-over-year.

Outlook and guidance

• Full-year 2025 production guidance revised upward to 192–197 MMboe.

• Unit production cost guidance lowered to $7.6–8.1/boe.

• Capital expenditure (excluding Louisiana LNG) guidance reduced to $3,700–4,000 million.

• Scarborough Energy Project on track for first LNG in H2 2026; Beaumont New Ammonia targeting first production in late 2025.