WOODSIDE ENERGY Reports Second Quarter FY2023 Earnings Results on June 30 2023

August 24, 2023

☀️Earnings Overview

WOODSIDE ENERGY ($NYSE:WDS) reported its earnings results for the second quarter of FY2023, ending on August 22, on June 30 2023. With total revenue of USD 7.4 billion, there was an impressive year-over-year increase of 27.4%. In addition, their net income was USD 1.7 billion, which was an increase of 6.1% compared to the same period in the prior year.

Market Price

Prior to the announcement, WOODSIDE ENERGY stock opened at $24.6 and closed at $24.2, down by 2.5% from its prior closing price of 24.8. This marked a decline in the stock’s performance as its current market capitalization is estimated to be around $9 billion. The earnings report showed an increase in operating cash flow of 2% year-over-year, driven mainly by its oil and gas production operations. The company’s cost control efforts have been successful in keeping expenses down during the period. Analysts were generally optimistic about WOODSIDE ENERGY’s performance in the quarter, noting that the company’s strategic investments are paying off.

They also noted that the company’s strong balance sheet should help it weather any potential headwinds in the near future. Overall, WOODSIDE ENERGY reported a solid quarter and investors have responded positively to the news. With its strong financials and solid growth prospects, the company looks to be well positioned for continued growth in FY2023 and beyond. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Woodside Energy. More…

    Total Revenues Net Income Net Margin
    18.41k 6.6k 32.5%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Woodside Energy. More…

    Operations Investing Financing
    9.24k -4.95k -5.41k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Woodside Energy. More…

    Total Assets Total Liabilities Book Value Per Share
    56.74k 20.05k 18.91
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Woodside Energy are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    58.2% 92.5% 50.3%
    FCF Margin ROE ROA
    25.2% 16.0% 10.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have taken a detailed look at WOODSIDE ENERGY‘s financials. Our Star Chart shows that WOODSIDE ENERGY has an impressive health score of 9/10, considering its cashflows and debt loads. This means that the company is capable of sustaining future operations in times of crisis. In terms of performance, WOODSIDE ENERGY is strong in dividend and growth, and medium in asset and profitability. We classify WOODSIDE ENERGY as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Given the strong financial health and competitive edge, investors who are looking for long-term stability and growth in their investments may be interested in WOODSIDE ENERGY. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    Woodside Energy reported impressive financial results for the second quarter of FY2023, with total revenue increasing 27.4% year-over-year and net income up 6.1%. Investors can be reassured of the company’s strong performance and potential for ongoing growth. Although the stock may have already seen some appreciation due to these results, there is still potential for further gains. Analysts should take into account macroeconomic conditions, the current energy market, and potential competition when making their investment decisions.

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