Earnings call transcript: Woodside H1 2026 profit, cash flow rise as shares gain
Woodside Petroleum reported strong financial results for the first half of 2026, with improved profit, cash flow, and production despite volatile energy markets. The company highlighted a new $350 million annual cost-cutting target and progress on major LNG projects, with underlying EBITDA of $4.6 billion, underlying net profit after tax of $1.3 billion, and free cash flow that rose over 150% year on year to $352 million.
Woodside's stock rose 2.18% to $34.21, near its 52-week high of $35.82, reflecting investor confidence in the company's cash generation, dividend, and project progress.
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