Santos Ltd
XMUN:STS1
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Santos Ltd
XMUN:STS1
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Santos Ltd
F:STS
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Daehan Flour Mill Co Ltd
KRX:001130
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UBM Development AG
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Santos Ltd
Santos Ltd is an oil and gas company that explores for, produces, and sells natural gas, liquefied natural gas, crude oil, and other petroleum products. Its main assets are in Australia and Papua New Guinea, with a focus on supplying gas to power stations, industrial users, and export buyers, especially through long-term LNG contracts. The company makes money by selling the fuels it produces. Some sales go into domestic energy markets, where buyers need gas for heating, power generation, and manufacturing. Other sales are shipped overseas as LNG, which Santos produces, processes, and delivers through large energy projects and pipeline networks. What makes Santos different is that it sits in the middle of the energy supply chain: it takes underground resources, develops them into usable fuel, and moves them to customers that need steady supply. That makes the business closely tied to long-life gas fields, infrastructure, and contract-based energy demand rather than one-off product sales.
Santos Ltd is an oil and gas company that explores for, produces, and sells natural gas, liquefied natural gas, crude oil, and other petroleum products. Its main assets are in Australia and Papua New Guinea, with a focus on supplying gas to power stations, industrial users, and export buyers, especially through long-term LNG contracts.
The company makes money by selling the fuels it produces. Some sales go into domestic energy markets, where buyers need gas for heating, power generation, and manufacturing. Other sales are shipped overseas as LNG, which Santos produces, processes, and delivers through large energy projects and pipeline networks.
What makes Santos different is that it sits in the middle of the energy supply chain: it takes underground resources, develops them into usable fuel, and moves them to customers that need steady supply. That makes the business closely tied to long-life gas fields, infrastructure, and contract-based energy demand rather than one-off product sales.
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.
