Woodside Energy Group Sets Fiscal 2026 Production Guidance Lower Than Expected, Says Jarden

MT Newswires Live

01/30

Woodside Energy Group's (ASX:WDS) maiden fiscal 2026 guidance was lower than Jarden and market expectations, likely due to the Scarborough liquefied natural gas project starting later than expected in the fourth quarter of fiscal 2026, according to a Thursday Jarden note.

The company on Wednesday said it expects fiscal 2026 production volume of between 172 million barrels of oil equivalent (MMBoe) and 186 MMBoe.

Jarden said lower liquids production guidance may also indicate more rapid depletion rates at the Sangomar field and other oil-producing assets.

Jarden maintained its overweight rating on Woodside Energy and increased its price target to AU$25.20 from AU$24.40.

Woodside Energy's shares rose almost 1% in recent Friday trade.

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