** Analysts at Morningstar and Citi adjust Australia's top gas producer Woodside Energy's WDS.AX model after Q1 production and revenue miss vs estimates
** WDS posts Q1 revenue of $3.32 billion, up 13% from a year ago
** Citi says lower output from its Pluto project in Western Australia and the timing of Sangomar cargoes drove the miss
** Citi's adjusted model for WDS shows ~7% lower earnings for CY25, but 3%-5% increase for CY26-27
** Morningstar reduces WDS's 2025 earnings per share forecast by 7% to US$1.29 due to weather-related setbacks and softer LNG prices
** Morningstar forecasts WDS's 2025 production to reach 195 million barrels of oil equivalent (boe), hitting the upper range of guidance
** Five of 13 analysts rate the stock "buy", and 8 "hold"; their median PT is A$26, according to data compiled by LSEG
** Stock down 17% this year, as of last close, vs a 17.4% decline in the S&P/ASX 200 index .AXJO
(Reporting by Roushni Nair in Bengaluru)
((Roushni.nair@thomsonreuters.com;))