Santos Ltd
ASX:STO

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Santos Ltd
ASX:STO
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Price: 5.92 AUD -2.95% Market Closed
Market Cap: 19.2B AUD

Santos Ltd
Investor Relations

Nestled in the dynamic landscape of Australia's energy sector, Santos Ltd. emerges as a pivotal player, weaving together innovation and sustainability within the oil and gas industry. Founded in 1954, Santos has matured from its humble beginnings as the South Australian Northern Territory Oil Search into a robust entity that stands as one of Australia's leading oil and gas producers. The company’s operations span across Australia and Asia, tapping into a rich tapestry of natural resources. At its core, Santos is engaged in the exploration, development, production, and sale of hydrocarbons, focusing heavily on natural gas and associated liquids. This devotion to gas—a commodity touted as a cleaner alternative to coal—positions Santos strategically as the world transitions towards more sustainable energy solutions.

Revenue generation at Santos is an intricate ballet between efficient resource extraction and strategic market placement. The company's diverse portfolio of assets underpins its financial prowess, with significant investments in long-term projects like the PNG LNG and Gladstone LNG, which are instrumental in delivering liquefied natural gas to high-demand markets in Asia. By adhering to an operational framework that emphasizes safety, environmental stewardship, and cost management, Santos ensures steady production that meets global energy demands while aligning with contemporary sustainability goals. Furthermore, its focus on low-cost, high-return projects aids in maintaining shareholder value, while simultaneously reinvesting in pioneering technologies that enhance its production capabilities and reduce its carbon footprint. This blend of operational efficiency and strategic market engagement crafts the narrative of Santos—a company steadfast in shaping the future of energy in the Asia-Pacific region.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 25, 2025
AI Summary
Q2 2025

Strong Results: Santos reported a robust first half of 2025, with solid financial and operational performance, including significant cash generation and strong project execution.

Key Financials: Sales revenue was $2.6 billion, EBITDAX was $1.8 billion, and free cash flow from operations reached $1.1 billion. Profit after tax was $439 million.

Dividend: An interim dividend of $0.134 per share (totaling $435 million) was declared, representing 40% of free cash flow from operations.

Project Progress: Major projects such as Barossa and Alaska remain on schedule, with Barossa LNG expected to begin production shortly and Alaska first oil brought forward to Q1 2026.

M&A Update: The exclusivity period for the XRD consortium’s potential acquisition proposal was extended by four weeks to finalize a binding agreement, with customary protections for shareholders included.

Cost Control: Unit production cost for H1 2025 was $7.28 per barrel, and full-year guidance tightened to $7–$7.40, with a target below $7 per barrel as new projects come online.

Balance Sheet: Gearing was 23.7% and liquidity remained high at $3.9 billion. Net debt stood at less than $4.9 billion.

Key Financials
Sales Revenue
$2.6 billion
EBITDAX
$1.8 billion
Free Cash Flow from Operations
$1.1 billion
All-in Free Cash Flow
$258 million
Profit After Tax
$439 million
Production
44.1 million barrels of oil equivalent
Unit Production Cost
$7.28 per barrel
Interim Dividend
$0.134 per share
Total Dividend Paid
$435 million
Gearing
23.7%
Net Debt
less than $4.9 billion
Liquidity
$3.9 billion
LNG Portfolio Contracted
92%
Portfolio Pricing (LNG)
14.7% slope to Brent from 2025–27
Moomba CCS CO2 Stored
more than 1 million tonnes CO2 equivalent
Emissions Intensity Improvement
22%
Scope 1 and 2 Emissions Reduction Target Progress
84% of 2030 target achieved
Earnings Call Recording
Other Earnings Calls
2025
2023

Management

Mr. Kevin Thomas Gallagher B.Eng, FIEAust, MAICD
MD, CEO & Director
No Bio Available
Mr. Anthony Myles Neilson B.Com., BComm, CA, F.C.A., FFin, M.B.A.
Chief Commercial Officer
No Bio Available
Ms. Sherry Leigh Duhe B.S., M.B.A.
Chief Financial Officer
No Bio Available
Mr. Steven Trench
Executive VP of Operations & Technical Services
No Bio Available
Mr. Andrew Nairn B.Comm
Group Executive of Investor Relations
No Bio Available
Mr. Michael Abbott B.A., BJuris, L.L.B., M.B.A.
Group General Counsel and Executive VP of Environment & Governance
No Bio Available
Ms. Kim Lee
Executive Vice President of People & Brand
No Bio Available
Mr. Nick Fox
Head of Environment & Access
No Bio Available
Mr. Bruce Dingeman M.B.A.
Executive Vice President of Alaska
No Bio Available
Ms. Tracey Winters B.Sc.
Chief Strategy Officer & Chief of Staff
No Bio Available

Contacts

Address
SOUTH AUSTRALIA
Adelaide
Ground Floor Santos CTR, 60 Flinders Street
Contacts
+61881165000.0
www.santos.com