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Reported Sunday, Woodside Offloads 40% Stake In Louisiana LNG To Stonepeak In $5.7B Deal, Validating Project Value And Attracting Global Interest
Woodside Homes Inc Class A WDS | 12.71 12.71 | -0.78% 0.00% Pre |
Under the transaction, Stonepeak will provide $5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis, contributing 75% of project capital expenditure in both 2025 and 2026. This enhances the project economics and Woodside's cash flow profile ahead of revenues from Woodside's Scarborough Energy Project in Australia, strengthening the capacity for shareholder returns. The remainder of Stonepeak's committed capital will be funded in subsequent years.