Woodside stock tracks Scarborough output as profit rises 7 percent

Published on 09/30/2026 at 14:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Woodside stock ties Scarborough execution to its 98 percent-complete project in H1 2026. Revenue reached USD 7.446 billion, while gearing stood at 20.6 percent.

Woodside, AU000000WDS3, Illustration mit AI erstellt.

Woodside stock (ISIN AU000000WDS3) is tied to a first-half underlying net profit after tax of USD 1.334 billion, up 7 percent from the prior corresponding period. Macquarie raised its price target by 1.5 percent to AUD 32.90 per share, according to TradingView on September 30, 2026.

Scarborough sets the next milestone

Scarborough was 98 percent complete at June 30, 2026, and Woodside is targeting its first LNG cargo in the fourth quarter of 2026. Macquarie described the project as a major swing factor for second-half production and forecast 900,000 tons of fourth-quarter LNG output, while maintaining a neutral call, TradingView reported on September 30, 2026.

The project is one of three major growth assets advancing through construction. In the first half, Trion was 64 percent complete and Louisiana LNG was 28 percent complete, according to Woodside's half-year earnings call transcript published by Yahoo Finance.

Revenue rises but gearing matters

Operating revenue reached USD 7.446 billion in the first half of 2026, up 13 percent year over year. Operating cash flow was USD 3.013 billion, while free cash flow reached USD 352 million, with the figures reported in Woodside's August 25, 2026 half-year call carried by Yahoo Finance.

The counterweight is gearing of 20.6 percent at June 30, 2026, above Woodside's stated 10 percent to 20 percent target range. Management also set a structural cost reduction target of USD 350 million per year from 2028, giving the stock a second valuation debate alongside Scarborough execution.

Woodside keeps a project driven profile

Woodside's investor page identifies WDS on the ASX and NYSE, while the company describes its portfolio as diversified across LNG, oil and energy-transition projects, Woodside states. The company also declared an interim dividend of USD 0.57 per share for the first half of 2026.