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Santos Limited
(OTC:STO)
Santos Limited (STO) vs. S&P 500 (SPY)
Santos Limited Business Overview & Revenue Model
Santos Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 8.39B | 5.40B | 5.89B | 7.79B | 4.64B | 3.39B | Gross Profit |
| 4.44B | 3.70B | 2.22B | 5.64B | 1.59B | 1.76B | EBIT |
| 3.20B | 0.00 | 1.98B | 3.37B | 1.51B | 24.00M | EBITDA |
| 4.99B | 3.67B | 3.97B | 4.97B | 2.65B | 1.04B | Net Income Common Stockholders |
| 2.00B | 1.22B | 1.42B | 2.11B | 476.94M | -357.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.46B | 1.86B | 2.28B | 2.46B | 2.97B | 1.32B | Total Assets |
| 28.86B | 29.63B | 29.76B | 28.86B | 31.02B | 17.66B | Total Debt |
| 5.52B | 6.69B | 6.16B | 5.52B | 8.02B | 5.00B | Net Debt |
| 3.17B | 4.86B | 4.28B | 3.17B | 5.06B | 3.68B | Total Liabilities |
| 14.01B | 14.10B | 14.48B | 14.01B | 17.45B | 10.43B | Stockholders Equity |
| 14.84B | 15.54B | 15.28B | 14.84B | 13.57B | 7.23B |
| Cash Flow | Free Cash Flow | ||||
| 2.18B | 449.00M | 889.00M | 2.15B | 1.07B | 1.29B | Operating Cash Flow |
| 4.00B | 0.00 | 3.26B | 3.86B | 2.14B | 1.48B | Investing Cash Flow |
| 724.50M | -2.69B | -2.90B | -1.67B | -76.29M | -1.46B | Financing Cash Flow |
| -949.50M | -206.00M | -860.00M | -3.40B | -464.50M | 246.00M |
Santos Limited Technical Analysis
Santos Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $17.72B | 12.51 | 14.75% | 5.83% | 8.09% | -13.99% | |
61 Neutral | AU$18.18B | 9.80 | 7.94% | 6.05% | -7.99% | -12.27% | |
56 Neutral | $2.61B | 28.34 | 2.70% | 4.44% | 6.43% | ― | |
55 Neutral | $7.12B | 3.39 | -6.24% | 6.01% | -0.03% | -52.30% | |
47 Neutral | $196.80M | 19.30 | 3.89% | ― | ― | ― | |
46 Neutral | AU$43.22M | 580.00 | 0.25% | ― | -15.16% | -99.57% |
Santos Limited Corporate Events
Santos Limited has announced a change in the director’s interest, specifically involving Kevin Thomas Gallagher, who has acquired 139,466 fully paid ordinary shares. This change reflects a transfer of beneficial interest in shares held by the employee share plan trustee, deferred for two years as part of the 2024 STI award. The announcement highlights the company’s ongoing commitment to aligning the interests of its leadership with its operational goals, potentially impacting stakeholder confidence and market perception.
Santos Limited reported strong financial results for the first quarter of 2025, with a 9% increase in free cash flow from operations, driven by higher production in Western Australia and robust LNG sales. The company is nearing completion of significant development projects, including the Barossa LNG and Pikka phase 1, which are expected to boost production by over 30% by 2027. Santos continues to focus on operational excellence and project execution, maintaining resilience amid volatile markets. The company’s carbon capture and storage initiative, Moomba CCS, is performing well, supporting its decarbonization strategy.
Santos Limited announced the cessation of 29,191 share acquisition rights due to the lapse of conditional rights that were not met. This development may impact the company’s capital structure and could influence investor sentiment, reflecting the challenges in meeting certain operational or financial conditions.
Santos Limited has announced the issuance of 6,474 ordinary fully paid securities, effective from April 11, 2025. This move is part of the company’s ongoing financial strategies, potentially impacting its market position and offering implications for stakeholders regarding the company’s growth and investment opportunities.
Santos Limited announced significant progress in its key projects during the 2025 Annual General Meeting. The Pikka project’s pipeline is nearly complete a year ahead of schedule, potentially allowing for early production. The Barossa LNG project is 95.2% complete and is expected to start gas production in the third quarter of 2025. The company received strong shareholder support for its climate strategy, reflecting confidence in its decarbonization efforts. Santos remains resilient amid global market volatility, with a strong balance sheet and plans to increase production by over 30% by 2027, positioning itself well for future growth.
At the 2025 Annual General Meeting, Santos Limited highlighted its strong cash flow generation and successful execution of major projects, contributing to new production. The company achieved its best personal safety performance in a decade, despite facing global challenges such as geopolitical instability and energy security concerns. Santos continues to focus on sustainable growth and decarbonization, positioning itself to navigate the evolving energy landscape.
Santos Limited has issued a correction to a previously released Appendix 3Y Change of Director’s Interest Notice. The correction involves the currency of the value/consideration, which was initially stated in US dollars but should have been in Australian dollars. This correction ensures accurate financial reporting and maintains transparency with stakeholders, reflecting the company’s commitment to regulatory compliance.
Santos Limited announced a change in the shareholding of its director, Janine McArdle, who acquired an additional 30,000 fully paid ordinary shares, bringing her total to 80,000 shares. This acquisition, executed through an on-market purchase at an average price of approximately US $6.20 per share, reflects a significant increase in her stake, potentially indicating confidence in the company’s future performance.
Santos Limited announced a change in the director’s interest as Michael Jesse Utsler acquired an additional 10,000 fully paid ordinary shares, bringing his total holdings to 50,000 shares. This on-market purchase reflects a strategic move potentially indicating confidence in the company’s future performance and could influence stakeholder perceptions positively.
Santos Limited announced a change in the director’s interest, specifically concerning Kevin Thomas Gallagher. An off-market transfer of 476,306 fully paid ordinary shares was made to K&S Gallagher Holdings Pty Ltd, resulting in a shift in the indirect interest holdings. This change reflects internal adjustments in shareholding structures, which may influence the company’s governance and shareholder dynamics.
Santos Limited announced a change in the director’s interest, with Vickki McFadden acquiring an additional 12,000 fully paid ordinary shares through an indirect interest via Tallis Pty Limited. This on-market purchase increases her total holdings to 62,000 shares, reflecting confidence in the company’s future prospects and potentially influencing stakeholder perceptions positively.
Santos Limited has announced a change in the director’s interest, with Keith Spence acquiring 16,480 ordinary shares through an on-market purchase. This acquisition increases his direct holding to 150,457 shares, reflecting confidence in the company’s future prospects and potentially impacting stakeholder perceptions positively.
Santos Limited has updated its previous announcement regarding the 2024 final dividend distribution, specifically advising on the exchange rates used for converting the US dollar dividend into payment currencies. This update is crucial for stakeholders as it affects the financial calculations related to dividend payments, potentially impacting investor decisions and the company’s financial reporting.
Santos Limited announced the cessation of 27,332 share acquisition rights due to the lapse of conditional rights, as the conditions for these securities were not met. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s operational strategies and future growth prospects.
Santos Limited announced the issuance and conversion of unquoted equity securities, specifically 1,878 ordinary fully paid shares, scheduled for issuance on January 7, 2025. This move signifies the company’s ongoing efforts to manage its equity structure, potentially impacting its financial strategy and stakeholder interests.
Santos Limited announced a change in the director’s interest, with Musje Moses Werror acquiring an additional 14,727 ordinary shares, bringing his total to 32,547 shares. This acquisition, conducted through an on-market purchase at an average price of $6.58 per share, reflects a strategic move that could impact the company’s market positioning and stakeholder confidence.
Santos Limited announced a change in the interest of its director, Keith Spence, with the acquisition of 29,720 ordinary shares through an on-market purchase. This change increases Spence’s direct holding to 133,977 fully paid ordinary shares, reflecting a strategic move that could impact the company’s governance and shareholder confidence.
Santos Limited announced a change in the director’s interest, with Vickki McFadden, a director and shareholder of Tallis Pty Limited, increasing her indirect interest in the company by acquiring 24,000 ordinary shares. This move, executed through an on-market purchase at an average price of AU $6.58 per share, raises her total holding to 50,000 shares. This acquisition reflects confidence in the company’s prospects and may positively influence stakeholder perceptions, highlighting the director’s commitment to the company’s growth.
Santos Limited has announced a change in the director’s interest, with John Gerard Lydon acquiring an additional 29,684 fully paid ordinary shares through an indirect interest. This acquisition, executed through an on-market purchase, increases his total holdings to 93,481 shares, reflecting a strategic move that may enhance his influence within the company. The transaction is valued at an average price of AU $6.73 per share, suggesting a significant investment that underlines confidence in the company’s growth prospects.
Santos Limited announced a change in the director’s interest notice involving Kevin Thomas Gallagher. On February 19, 2025, Mr. Gallagher’s indirect interest in fully paid ordinary shares increased due to the vesting of performance rights under the company’s Long-Term Incentive Plan. This adjustment reflects the allocation of shares and dividend equivalent shares for Mr. Gallagher, impacting his securities’ holdings.
Santos Limited has announced its Climate Transition Action Plan for 2024, highlighting its commitment to sustainable energy solutions and climate targets. The plan focuses on expanding carbon storage projects, although these projects are still in the early planning stages and face several challenges, including engineering, financial, and regulatory hurdles. Santos emphasizes maintaining transparency with investors while pursuing these ambitious targets, which are essential for its strategic positioning in the evolving energy market.
Santos Limited announced robust financial results for 2024, underscored by a strong free cash flow of US$1.9 billion and a net profit after tax of US$1.2 billion. The company highlighted significant achievements, including the successful startup of Moomba CCS phase one, which reduced emissions and positioned Santos to potentially build a commercial carbon management services business. Additionally, Santos is making progress on its Barossa and Pikka development projects, with the Barossa LNG project nearing completion and expected to commence gas production in the third quarter of 2025. The company’s strategic moves in LNG agreements and its cost-efficient operating model underscore its commitment to delivering long-term shareholder value.
Santos Limited has released its updated corporate governance statement for the financial year ending December 31, 2024. The statement, approved by the board as of February 18, 2025, is available on their website and in their annual report, detailing the extent to which Santos has adhered to the ASX Corporate Governance Council’s recommendations. This announcement emphasizes Santos Limited’s commitment to transparency and adherence to governance standards, impacting stakeholders by providing a clear picture of the company’s governance practices and compliance.
Santos Limited announced a new dividend distribution for its shareholders, with a payment of USD 0.103 per share. The dividend relates to the six-month period ending December 31, 2024, and highlights the company’s ongoing commitment to returning value to its investors. The payment is scheduled for March 26, 2025, following the record date on February 25, 2025. This announcement underscores Santos Limited’s stable financial performance and strategic positioning within the energy sector.
Santos Limited has released its 2024 Annual Report, revealing a 9% decline in revenue to $5,381 million and a 14% drop in net profit to $1,224 million. Despite the profit decrease, the company increased its interim dividend by 49% to 13.0 US cents per security, although the final dividend fell by 41% to 10.3 US cents. The announcement highlights the company’s strategic focus on carbon storage projects, which are still in the early planning stages and face significant financial and regulatory challenges.
Santos Limited announced the early commencement of production from its Halyard-2 infill well, which is now supplying an additional 65 mmscf/d to Varanus Island. This project, running ahead of schedule, is set to convert nine mmboe of sales gas and condensate to 2P developed reserves, supporting cost reductions and aligning with the company’s disciplined operating model.
Santos Limited has released its 2024 Annual Reserves Statement, reporting a total of 1,559 million barrels of oil equivalent in proved plus probable reserves, marking a decrease primarily due to the sale of an interest in PNG LNG. The company achieved an organic increase in reserves and a significant rise in its CO2 contingent storage resources, which supports its decarbonisation efforts and commercial projects like the Moomba CCS. This update highlights Santos’ disciplined resource management and strategic adjustments, maintaining strong positioning within the energy sector despite the reduction in reserves.