Woodside Energy Reported Q3 Revenue Of $3.679B Up 13% YoY, +21% Sequentially; Delivered Quarterly Production Of 53.1 MMboe (577 Mboe/day), Up 18% Sequentially

Benzinga · 10/16 04:31
  • Record quarterly production of 53.1 MMboe (577 Mboe/day), up 20% from Q2 2024 due to ramp-up of Sangomar, increased uptime across operated assets including 99.9% LNG reliability at Pluto and increased seasonal domestic gas demand. Full-year production guidance has been narrowed to 189–195 MMboe.
  • Quarterly revenue of $3,679 million, up 21% from Q2 2024 primarily due to Sangomar cargo sales and higher average LNG prices.
  • Achieved nameplate capacity at Sangomar with gross production rates of 100,000 barrels per day.
  • Capitalised on increased gas-hub prices by selling 39% of produced LNG cargoes in the quarter on prices linked to gas hub indices.1 Full year gas hub guidance has been increased to 33–37% of produced LNG