Woodside Energy Group First Half 2024 Earnings: EPS Beats Expectations, Revenues Lag

Woodside Energy Group (ASX:WDS) First Half 2024 Results

Key Financial Results

• Revenue: US$5.99b (down 19% from 1H 2023).
• Net income: US$1.94b (up 11% from 1H 2023).
• Profit margin: 32% (up from 24% in 1H 2023). The increase in margin was driven by lower expenses.
• EPS: US$1.02 (up from US$0.92 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Woodside Energy Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 31%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Oil and Gas industry in Australia.

Performance of the Australian Oil and Gas industry.

The company's shares are up 5.2% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Woodside Energy Group (including 2 which make us uncomfortable).

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