Santos（STO）株式概要サントス・リミテッドはオーストラリアとパプアニューギニアで炭化水素の探査、開発、生産、輸送、販売を行っている。 詳細STO ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長3/6過去の実績2/6財務の健全性5/6配当金2/6報酬当社が推定した公正価値より58%で取引されている 収益は年間12.36%増加すると予測されています アナリストらは、株価が21.9%上昇するだろうとほぼ一致している。 リスク分析4.56%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない すべてのリスクチェックを見るSTO Community Fair Values Create NarrativeSee what 139 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN16.5% undervaluedAnalystConsensusTarget•10d agoSTO: Focus Will Shift To Project Delivery Following Takeover Withdrawal1.1k089AN23.6% undervaluedAnalystHighTarget•5mo agoAsian LNG Demand And CCS Leadership Will Drive Powerful Long Term Upside Potential19305AN23.7% overvaluedAnalystLowTarget•6mo agoLNG Production Expansion And Carbon Capture Will Support Stable Long-Term Earnings Outlook6501Top Community NarrativesSantosASastratovCommunity ContributorSantos: Undervalued After Takeover FalloutSantos (ASX: STO) experienced a sharp share price drop after the failed A$36 billion takeover by a consortium led by ADNOC. While the deal’s withdrawal removed a near-term premium, it highlighted the strategic value of Santos’ LNG and gas assets.View narrativeAU$8.89FV17.2% 割安 内在価値ディスカウント11.10%Revenue growth p.a.Set Fair ValueView270users have viewed this narrative1users have liked this narrative0users have commented on this narrative5users have followed this narrative3 months ago author updated this narrativeTop Community NarrativesSantosASastratovCommunity ContributorSantos: Undervalued After Takeover FalloutSantos (ASX: STO) experienced a sharp share price drop after the failed A$36 billion takeover by a consortium led by ADNOC. While the deal’s withdrawal removed a near-term premium, it highlighted the strategic value of Santos’ LNG and gas assets.View narrativeAU$8.89FV17.2% 割安 内在価値ディスカウント11.10%Revenue growth p.a.Set Fair ValueView270users have viewed this narrative1users have liked this narrative0users have commented on this narrative5users have followed this narrative3 months ago author updated this narrativeTop Analyst NarrativesAN16.5% undervaluedAnalystConsensusTarget•10d agoSTO: Focus Will Shift To Project Delivery Following Takeover Withdrawal1.1k089AN23.6% undervaluedAnalystHighTarget•5mo agoAsian LNG Demand And CCS Leadership Will Drive Powerful Long Term Upside Potential19305AN23.7% overvaluedAnalystLowTarget•6mo agoLNG Production Expansion And Carbon Capture Will Support Stable Long-Term Earnings Outlook6501View all narrativesSantos Limited 競合他社Woodside Energy GroupSymbol: ASX:WDSMarket cap: AU$55.1bKaroon EnergySymbol: ASX:KARMarket cap: AU$1.0bHorizon OilSymbol: ASX:HZNMarket cap: AU$342.1mYancoal AustraliaSymbol: ASX:YALMarket cap: AU$7.7b価格と性能株価の高値、安値、推移の概要Santos過去の株価現在の株価AU$7.3652週高値AU$8.2452週安値AU$5.90ベータ-0.121ヶ月の変化-9.02%3ヶ月変化-8.23%1年変化-5.52%3年間の変化-4.04%5年間の変化0.82%IPOからの変化152.06%最新ニュースお知らせ • 1hSantos Limited Appoints Kate Vidgen as Independent Non-Executive Director Effective 17 June 2026Santos Limited announced that Ms. Kate Vidgen will be appointed as an independent Non-Executive Director effective 17 June 2026. Ms. Vidgen brings extensive experience to Santos as a senior finance executive and non-executive director, with a demonstrated track record across the energy, resources, infrastructure and technology sectors. In addition to 26 years in executive roles at Macquarie Group, Ms. Vidgen has accumulated more than a decade of board-level experience. Notably, Ms. Vidgen served as the Chair of Quadrant Energy Pty Ltd, bringing direct and practical knowledge of the oil and gas operating environment to the Board. Ms. Vidgen currently serves on the board of Bond University, consults as an Operating Partner to Macquarie Asset Management, is an independent Non-Executive Director of Macquarie Technology Group Limited and is the Chair of SkyNRG BV. Ms Vidgen has also served as an independent Non-Executive Director of Aurizon Holdings Ltd, a member of the Clean Energy Regulator and a National Board Member of Chief Executive Women. Ms. Vidgen's appointment follows the retirement of Ms. Yasmin Allen on 21 February 2026.分析記事 • Jun 16Santos (ASX:STO) Shares Could Be 16.2% Undervalued After Pikka First OilSantos (ASX:STO) is back in focus after reaching first oil at the Alaska Pikka project, a milestone that puts the upcoming third quarter production ramp and the company’s debt reduction plans under closer investor scrutiny. See our latest analysis for Santos. Despite the Pikka milestone and focus on higher production, Santos shares have eased in recent weeks, with a 30 day share price return of 5.46% and a 1 year total shareholder return of 0.62%. This suggests momentum has cooled after a...ライブニュース • Jun 12Santos Targets Higher Oil and LNG Output as Pikka and Barossa Projects Reach Key MilestonesSantos is ramping up production from the Pikka Phase 1 oil project in Alaska, which has started at 20,000 barrels per day and is targeting a plateau of 80,000 barrels per day by Q3 2026, with first sales revenue expected 2 to 3 months after first oil. The Barossa LNG project has shipped its first cargoes, while PNG LNG, GLNG and Alaska assets continue to contribute to higher Q1 2026 production and stable free cash flow, with full-year 2026 guidance unchanged. The company plans to reduce net debt by US$2.5b by 2030, supported by a 10-year gas sales agreement with the South Australian Government, progress on domestic gas infrastructure, and potential future catalysts from Papua LNG and carbon capture projects. These updates point to a period in which Santos is bringing large projects online, keeping guidance in place and using cash generation to work toward balance sheet improvement targets. Investors may want to watch execution risk around the production ramp at Pikka and Barossa, as well as timing on Papua LNG and carbon capture decisions, given their importance to future cash flow and capital allocation.ナラティブの更新 • Jun 06STO: Future Returns Will Depend On Papua LNG Sanction And Cash FlowAnalysts have adjusted their A$ fair value estimate for Santos to A$8.81, a move supported by updated views on revenue growth, profit margins, and the stock's forward P/E profile. What's in the News Santos has reaffirmed its full year 2026 guidance, with recent updates pointing to higher quarterly production and stable free cash flow generation.ライブニュース • Jun 05Santos Reaffirms 2026 Outlook as Key LNG and Oil Projects Hit Crucial MilestonesSantos has reaffirmed its 2026 full-year guidance while reporting quarterly production that it describes as higher, supported by stable free cash flow generation. Key growth projects, including the Barossa LNG and Pikka oil developments in Alaska, are moving toward important milestones that could influence earnings in upcoming quarters. Operations across PNG LNG, GLNG and Alaska are described as strong, with additional potential from a possible final investment decision on Papua LNG and ongoing carbon capture projects. The combination of maintained guidance, progressing LNG and oil projects, and stable free cash flow points to a business that is currently leaning on both existing production and a pipeline of future developments. You should also weigh execution and regulatory risks around Barossa, Pikka, Papua LNG and carbon capture, as delays or cost pressures on any of these projects could affect the timing and scale of future cash flows.ナラティブの更新 • May 01STO: Future Returns Will Depend On Low Costs And Papua LNG ExecutionAnalysts have nudged their price target on Santos higher to A$8.59 from A$8.56, citing updated fair value work that reflects its low cost operating model and planned production growth, supported by expectations around Papua LNG reaching final investment decision by mid 2026. Analyst Commentary Analysts reacting to the recent update on Santos are highlighting both supports and pressure points for the equity story, with views clustering around execution on growth projects, cash generation and how much of the medium term outlook is already reflected in the share price.最新情報をもっと見るRecent updatesお知らせ • 1hSantos Limited Appoints Kate Vidgen as Independent Non-Executive Director Effective 17 June 2026Santos Limited announced that Ms. Kate Vidgen will be appointed as an independent Non-Executive Director effective 17 June 2026. Ms. Vidgen brings extensive experience to Santos as a senior finance executive and non-executive director, with a demonstrated track record across the energy, resources, infrastructure and technology sectors. In addition to 26 years in executive roles at Macquarie Group, Ms. Vidgen has accumulated more than a decade of board-level experience. Notably, Ms. Vidgen served as the Chair of Quadrant Energy Pty Ltd, bringing direct and practical knowledge of the oil and gas operating environment to the Board. Ms. Vidgen currently serves on the board of Bond University, consults as an Operating Partner to Macquarie Asset Management, is an independent Non-Executive Director of Macquarie Technology Group Limited and is the Chair of SkyNRG BV. Ms Vidgen has also served as an independent Non-Executive Director of Aurizon Holdings Ltd, a member of the Clean Energy Regulator and a National Board Member of Chief Executive Women. Ms. Vidgen's appointment follows the retirement of Ms. Yasmin Allen on 21 February 2026.分析記事 • Jun 16Santos (ASX:STO) Shares Could Be 16.2% Undervalued After Pikka First OilSantos (ASX:STO) is back in focus after reaching first oil at the Alaska Pikka project, a milestone that puts the upcoming third quarter production ramp and the company’s debt reduction plans under closer investor scrutiny. See our latest analysis for Santos. Despite the Pikka milestone and focus on higher production, Santos shares have eased in recent weeks, with a 30 day share price return of 5.46% and a 1 year total shareholder return of 0.62%. This suggests momentum has cooled after a...ライブニュース • Jun 12Santos Targets Higher Oil and LNG Output as Pikka and Barossa Projects Reach Key MilestonesSantos is ramping up production from the Pikka Phase 1 oil project in Alaska, which has started at 20,000 barrels per day and is targeting a plateau of 80,000 barrels per day by Q3 2026, with first sales revenue expected 2 to 3 months after first oil. The Barossa LNG project has shipped its first cargoes, while PNG LNG, GLNG and Alaska assets continue to contribute to higher Q1 2026 production and stable free cash flow, with full-year 2026 guidance unchanged. The company plans to reduce net debt by US$2.5b by 2030, supported by a 10-year gas sales agreement with the South Australian Government, progress on domestic gas infrastructure, and potential future catalysts from Papua LNG and carbon capture projects. These updates point to a period in which Santos is bringing large projects online, keeping guidance in place and using cash generation to work toward balance sheet improvement targets. Investors may want to watch execution risk around the production ramp at Pikka and Barossa, as well as timing on Papua LNG and carbon capture decisions, given their importance to future cash flow and capital allocation.ナラティブの更新 • Jun 06STO: Future Returns Will Depend On Papua LNG Sanction And Cash FlowAnalysts have adjusted their A$ fair value estimate for Santos to A$8.81, a move supported by updated views on revenue growth, profit margins, and the stock's forward P/E profile. What's in the News Santos has reaffirmed its full year 2026 guidance, with recent updates pointing to higher quarterly production and stable free cash flow generation.ライブニュース • Jun 05Santos Reaffirms 2026 Outlook as Key LNG and Oil Projects Hit Crucial MilestonesSantos has reaffirmed its 2026 full-year guidance while reporting quarterly production that it describes as higher, supported by stable free cash flow generation. Key growth projects, including the Barossa LNG and Pikka oil developments in Alaska, are moving toward important milestones that could influence earnings in upcoming quarters. Operations across PNG LNG, GLNG and Alaska are described as strong, with additional potential from a possible final investment decision on Papua LNG and ongoing carbon capture projects. The combination of maintained guidance, progressing LNG and oil projects, and stable free cash flow points to a business that is currently leaning on both existing production and a pipeline of future developments. You should also weigh execution and regulatory risks around Barossa, Pikka, Papua LNG and carbon capture, as delays or cost pressures on any of these projects could affect the timing and scale of future cash flows.ナラティブの更新 • May 01STO: Future Returns Will Depend On Low Costs And Papua LNG ExecutionAnalysts have nudged their price target on Santos higher to A$8.59 from A$8.56, citing updated fair value work that reflects its low cost operating model and planned production growth, supported by expectations around Papua LNG reaching final investment decision by mid 2026. Analyst Commentary Analysts reacting to the recent update on Santos are highlighting both supports and pressure points for the equity story, with views clustering around execution on growth projects, cash generation and how much of the medium term outlook is already reflected in the share price.ナラティブの更新 • Apr 16STO: Future Upside Will Rely On Low Costs And Papua LNG ProgressAnalysts have nudged their price targets for Santos higher, with fair value moving from A$8.49 to A$8.56. This reflects updated assumptions around revenue growth, margins and production outlook tied to recent research that highlights Santos' low cost model and planned production expansion supported by progress at Papua LNG.Major Estimate Revision • Apr 16Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$6.94b to US$7.32b. EPS estimate increased from US$0.54 to US$0.60 per share. Net income forecast to grow 133% next year vs 31% growth forecast for Oil and Gas industry in Australia. Consensus price target up from AU$8.28 to AU$8.56. Share price fell 3.8% to AU$7.65 over the past week.ナラティブの更新 • Apr 02STO: Future Returns Will Reflect Low Costs And Papua LNG Execution RiskThe analyst fair value estimate for Santos has shifted from A$7.95 to A$8.49. The change is linked to recent upgrades that highlight the company's low cost model and planned production growth as key supports for higher price targets around A$7.30 to A$7.50.Major Estimate Revision • Mar 25Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$6.14b to US$6.59b. EPS estimate increased from US$0.43 to US$0.494 per share. Net income forecast to grow 79% next year vs 36% growth forecast for Oil and Gas industry in Australia. Consensus price target up from AU$8.13 to AU$8.38. Share price was steady at AU$7.84 over the past week.お知らせ • Mar 13Santos Limited, Annual General Meeting, Apr 16, 2026Santos Limited, Annual General Meeting, Apr 16, 2026. Location: at meeting hall c, adelaide convention centre, north terrace, adelaide, south australia, 5000., Australiaナラティブの更新 • Mar 11STO: Future Returns Will Reflect Low Costs And Asset Review Execution RiskAnalysts have lifted their average price target for Santos to about A$7.95, up from roughly A$7.55, citing a solid in line result, expectations for more than 25% production growth by 2027 and a supportive low cost operating model, along with updated Street views that factor in more moderate assumptions for future commodity prices. Analyst Commentary Bullish Takeaways Bullish analysts point to Santos' low cost operating model as a key support for margins and cash generation potential, which they see as helping to underpin the higher A$7.30 to A$7.50 price targets.Major Estimate Revision • Mar 08Consensus EPS estimates increase by 27%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$5.53b to US$5.89b. EPS estimate increased from US$0.315 to US$0.40 per share. Net income forecast to grow 56% next year vs 15% growth forecast for Oil and Gas industry in Australia. Consensus price target up from AU$7.59 to AU$7.97. Share price rose 10% to AU$7.46 over the past week.Recent Insider Transactions • Mar 08MD, CEO & Director recently sold AU$5.6m worth of stockOn the 27th of February, Kevin Gallagher sold around 830k shares on-market at roughly AU$6.75 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Kevin's only on-market trade for the last 12 months.新しいナラティブ • Mar 06Santos: Undervalued After Takeover FalloutSantos (ASX: STO) experienced a sharp share price drop after the failed A$36 billion takeover by a consortium led by ADNOC. While the deal’s withdrawal removed a near-term premium, it highlighted the strategic value of Santos’ LNG and gas assets.ナラティブの更新 • Feb 25STO: Future Returns Will Reflect Low Costs And Papua LNG Execution RiskThe analyst price target for Santos has moved from A$6.75 to A$7.50, with analysts pointing to a solid in line result, a low cost operating model, and expectations for production growth and Papua LNG progress as key supports for the higher fair value and slightly adjusted discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts see the move in price targets to A$7.30 to A$7.50 as better aligning the stock with their updated fair value assumptions after a solid in line result and a reaffirmed low cost operating model.Declared Dividend • Feb 20Final dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 23rd February 2026 Payment date: 25th March 2026 Dividend yield will be 4.4%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.3% to bring the payout ratio under control. EPS is expected to grow by 64% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Feb 19Full year 2025 earnings released: EPS: US$0.25 (vs US$0.38 in FY 2024)Full year 2025 results: EPS: US$0.25 (down from US$0.38 in FY 2024). Revenue: US$4.94b (down 8.2% from FY 2024). Net income: US$818.0m (down 33% from FY 2024). Profit margin: 17% (down from 23% in FY 2024). Oil reserves Proven reserves: 138 MMbbls Gas reserves Proven reserves: 4510.493 Bcf Combined production Oil equivalent production: 87.7 MMboe (87.1 MMboe in FY 2024) Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Feb 18+ 2 more updatesSantos Limited Provides Production and Sales Volume Guidance for the Year 2026Santos Limited provided production and sales volume guidance for the year 2026. Guidance for 2026 remains unchanged. Production volumes to be 101 to 111 mmboe and Sales volumes to be 101 to 111 mmboe.ナラティブの更新 • Feb 10STO: Future Returns Will Reflect Less Bearish 2026 Commodity AssumptionsNarrative Update on Santos Analysts have trimmed their Santos price target slightly to A$7.29 from A$7.38, reflecting updated views on fair value, discount rate and future P/E as they factor in expectations for 2026 oil and gas prices that are less bearish than broader consensus. Analyst Commentary Recent research has seen a shift in tone around Santos, with bullish analysts lifting their stance even while building in lower oil and gas price assumptions for 2026.ナラティブの更新 • Jan 26STO: Future Share Momentum Will Reflect Less Bearish 2026 Commodity AssumptionsAnalysts have trimmed their price target on Santos to about A$7.38 from roughly A$7.56, reflecting updated assumptions for slightly softer revenue growth and profit margins, along with a modestly higher expected future P/E. They still view the shares more positively relative to consensus expectations for oil and gas prices into 2026.Major Estimate Revision • Jan 23Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$6.04b to US$5.59b. EPS estimate also fell from US$0.374 per share to US$0.326 per share. Net income forecast to shrink 2.6% next year vs 8.1% decline forecast for Oil and Gas industry in Australia. Consensus price target broadly unchanged at AU$7.45. Share price was steady at AU$6.38 over the past week.ナラティブの更新 • Jan 12STO: Future Share Momentum Will Reflect Firmer 2026 Pricing ExpectationsAnalysts have nudged their fair value estimate for Santos to A$7.56 from A$7.53, reflecting slightly higher assumptions for revenue growth, profit margins and future P/E, as some now expect oil and gas prices in 2026 to be less weak than broader forecasts. Analyst Commentary Bullish Takeaways Bullish analysts view the upgrade alongside a A$7.30 price target as support for the revised fair value, suggesting current assumptions on revenue growth, margins and P/E are within a range some investors may find reasonable.お知らせ • Dec 20Santos Limited Appoints Lachlan Harris as Chief Financial Officer, Effective 19 December 2025Santos Limited announced the appointment of Lachlan Harris as Chief Financial Officer, effective 19 December 2025. Mr. Harris has been responsible for overseeing the company's financial stewardship since his appointment as Acting Chief Financial Officer in October. In his 15 years with the business, Mr. Harris has held a range of leadership positions including across treasury, finance systems and risk. Most recently, he held the roles of Deputy Chief Financial Officer and Treasurer and previously acted in the Chief Financial Officer role. Mr. Harris is a Fellow of the Chartered Accountants Australia and New Zealand and holds a Bachelor of Commerce (Accounting & Finance).ナラティブの更新 • Dec 14STO: Future Share Momentum Will Reflect Takeover Clarity And Rising Free Cash FlowsAnalysts have trimmed their price target for Santos by A$0.29 to A$7.53, reflecting a slightly lower fair value and profit margin outlook, while also highlighting improving long term free cash flow prospects and a supportive valuation following the withdrawal of the XRG takeover proposal. Analyst Commentary Bullish Takeaways Bullish analysts see the withdrawal of the XRG takeover proposal as removing a key overhang, allowing the market to refocus on Santos fundamentals and intrinsic valuation support.ナラティブの更新 • Nov 28STO: Share Momentum Expected As Takeover Uncertainty Ends And Cash Flows ImproveAnalysts have slightly raised their price target for Santos from A$7.77 to A$7.82. They highlight an improved outlook following the withdrawal of the XRG consortium’s takeover bid and expectations for increased free cash flow as major projects advance.ナラティブの更新 • Nov 14STO: Free Cash Flow Growth Expected As Key Projects Reach CompletionThe analyst price target for Santos has increased slightly from A$7.76 to A$7.77. This reflects analysts' view that the withdrawal of a takeover proposal and expectations for improved cash flow from major projects support a higher valuation.ナラティブの更新 • Oct 31STO: Focus Will Shift To Project Delivery Following Takeover WithdrawalThe analyst price target for Santos has been modestly reduced from A$7.88 to A$7.76. Analysts are factoring in adjusted expectations for revenue growth and profit margins following the withdrawal of the XRG takeover proposal and continued focus on future project execution.ナラティブの更新 • Oct 17Barossa LNG And CCS Initiatives Will Drive Future Energy TransitionAnalysts have trimmed their average price target for Santos from A$8.10 to A$7.88. This reflects more cautious assumptions on revenue growth and profit margins.ナラティブの更新 • Oct 03Barossa LNG And CCS Initiatives Will Drive Future Energy TransitionAnalysts have revised Santos' fair value estimate downward from A$8.37 to A$8.10. This change reflects updated expectations for stronger revenue growth and profit margins, along with sector valuation considerations after the XRG takeover proposal was withdrawn.お知らせ • Sep 17XRG P.J.S.C, Abu Dhabi Developmental Holding Company PJSC and The Carlyle Group Inc. (NasdaqGS:CG) cancelled the acquisition of Santos Limited (ASX:STO).XRG P.J.S.C, Abu Dhabi Developmental Holding Company PJSC and The Carlyle Group Inc. (NasdaqGS:CG) proposed to acquire Santos Limited (ASX:STO) for AUD 28.8 billion on June 13, 2025. The offer per share value for Santos is AUD 8.89 per share. This acquisition is via a scheme of arrangement. Santos Board confirms that, subject to reaching agreement on acceptable terms of a binding SIA, it intends to unanimously recommend that Santos Shareholders vote in favour of the Potential Transaction, in the absence of a superior proposal and subject to an independent expert concluding, and continuing to conclude, that the Potential Transaction is fair and reasonable and in the best interests of Santos Shareholders. As of June 27, 2025, XRG P.J.S.C, Abu Dhabi Developmental Holding Company PJSC and The Carlyle Group Inc. has entered into a process and exclusivity deed to acquire Santos Limited. The Indicative Proposal is subject to the satisfactory completion of confirmatory due diligence by the XRG Consortium and the negotiation and execution of an agreed scheme implementation agreement (SIA) with Santos on customary terms and conditions. Implementation of the scheme under the SIA would be conditional on (among other things) customary approval from the Foreign Investment Review Board, Australian Securities and Investments Commission, National Offshore Petroleum Titles Administrator, PNG Securities Commission, PNG Independent Consumer and Competition Commission and Committee on Foreign Investment in the United States. As of July 1, 2025, the consortium has been granted exclusive due diligence access for a period of six weeks from June 27, 2025. The exclusivity provisions include customary “no shop”, “no talk”, “no due diligence” and “notification” obligations that apply during the exclusivity period. The transaction also requires approval from regulators in Papua New Guinea and the United States. As on August 11, 2025, The XRG Consortium has now substantially completed due diligence in relation to the Potential Transaction under the Process and Exclusivity Deed dated June 27, 2025. Santos has consented to the Extension until August 22, 2025 to enable the XRG Consortium to finalise due diligence and progress a scheme implementation agreement (SIA). Santos Shareholders do not need to take any action in relation to this announcement. Santos notes that there is no certainty that the XRG Consortium will enter into a binding SIA on terms acceptable to Santos or that the Potential Transaction will proceed. Santos will continue to keep its shareholders informed in accordance with its continuous disclosure obligations. As on August 19, 2025, The XRG Consortium has indicated that these approvals are expected to take four weeks to obtain (assuming an expedited process, potentially longer without) from the time that both due diligence is complete and the terms of an SIA are agreed in principle. As on August 25, 2025, The Consortium has requested an extension of the exclusivity period to conclude due diligence and to allow the Consortium to obtain all necessary approvals to enter into a binding transaction. Santos has agreed to an extension of the Process Deed September 19, 2025. The Goldman Sachs Group, Inc. (NYSE:GS) and J.B. North & Co Pty Ltd acted as financial advisor and Herbert Smith Freehills Kramer acted as legal advisor to Santos. Rothschild & Co is acting as independent board adviser. XRG P.J.S.C, Abu Dhabi Developmental Holding Company PJSC and The Carlyle Group Inc. (NasdaqGS:CG) cancelled the acquisition of Santos Limited (ASX:STO) on September 17, 2025.ナラティブの更新 • Sep 16Barossa LNG And CCS Initiatives Will Drive Future Energy TransitionAnalysts have lowered Santos’s price target from A$8.51 to A$8.37 primarily due to concerns over risks to the completion of XRG's acquisition proposal. Analyst Commentary Bearish analysts cite potential risks to the completion of XRG's acquisition proposal as a reason for the downgrade and reduced price target.ナラティブの更新 • Aug 27Securing Long-Term LNG Agreements Will Sustain Cash Flows Beyond 2029Analysts have revised Santos’ price target upward to A$8.58, primarily reflecting concerns over risks to the XRG acquisition proposal, which has prompted a more cautious outlook. Analyst Commentary Concern over potential risks to XRG's acquisition proposal completing, leading to a more cautious outlook and lower price target.Declared Dividend • Aug 27First half dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 2nd September 2025 Payment date: 1st October 2025 Dividend yield will be 3.5%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 26First half 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst half 2025 results: EPS: US$0.14 (down from US$0.20 in 1H 2024). Revenue: US$2.58b (down 4.9% from 1H 2024). Net income: US$439.0m (down 31% from 1H 2024). Profit margin: 17% (down from 24% in 1H 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Aug 25Santos Limited Announces Ordinary Fully Paid Dividend for A Period of Six Months Ended June 30, 2025, Payable on October 1, 2025Santos Limited announced ordinary fully paid dividend of USD 0.1340 per security for a period of six months ended June 30, 2025. Record Date: September 3, 2025, Ex Date: September 2, 2025 and Payment Date: October 1, 2025.Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to AU$7.72, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Oil and Gas industry in Australia. Total returns to shareholders of 23% over the past three years.お知らせ • Jun 16XRG P.J.S.C, Abu Dhabi Developmental Holding Company PJSC and The Carlyle Group Inc. (NasdaqGS:CG) proposed to acquire Santos Limited (ASX:STO) for AUD 28.8 billion.XRG P.J.S.C, Abu Dhabi Developmental Holding Company PJSC and The Carlyle Group Inc. (NasdaqGS:CG) proposed to acquire Santos Limited (ASX:STO) for AUD 28.8 billion on June 13, 2025. The offer per share value for Santos is AUD 8.89 per share. This acquisition is via a scheme of arrangement. Santos Board confirms that, subject to reaching agreement on acceptable terms of a binding SIA, it intends to unanimously recommend that Santos Shareholders vote in favour of the Potential Transaction, in the absence of a superior proposal and subject to an independent expert concluding, and continuing to conclude, that the Potential Transaction is fair and reasonable and in the best interests of Santos Shareholders. The Indicative Proposal is subject to the satisfactory completion of confirmatory due diligence by the XRG Consortium and the negotiation and execution of an agreed scheme implementation agreement (SIA) with Santos on customary terms and conditions. Implementation of the scheme under the SIA would be conditional on (among other things) customary approval from the Foreign Investment Review Board, Australian Securities and Investments Commission, National Offshore Petroleum Titles Administrator, PNG Securities Commission, PNG Independent Consumer and Competition Commission and Committee on Foreign Investment in the United States. The Goldman Sachs Group, Inc. (NYSE:GS) and J.B. North & Co Pty Ltd acted as financial advisor and Herbert Smith Freehills Kramer acted as legal advisor to Santos. Rothschild & Co is acting as independent board adviser.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to AU$5.37, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 4x in the Oil and Gas industry in Australia. Total loss to shareholders of 23% over the past three years.お知らせ • Mar 07Santos Limited, Annual General Meeting, Apr 10, 2025Santos Limited, Annual General Meeting, Apr 10, 2025. Location: at the theatre room, adelaide entertainment centre, 98 port road, hindmarsh 5007, Australia新しいナラティブ • Feb 23Securing Long-Term LNG Agreements Will Sustain Cash Flows Beyond 2029 Santos's production is set to increase significantly with new projects, boosting revenue and lowering costs. Declared Dividend • Feb 21Final dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 24th February 2025 Payment date: 26th March 2025 Dividend yield will be 4.4%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (168% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 19Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: US$0.38 (down from US$0.43 in FY 2023). Revenue: US$5.38b (down 8.6% from FY 2023). Net income: US$1.22b (down 14% from FY 2023). Profit margin: 23% (down from 24% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year.お知らせ • Jan 09+ 4 more updatesSantos Limited to Report Q3, 2025 Results on Oct 16, 2025Santos Limited announced that they will report Q3, 2025 results on Oct 16, 2025お知らせ • Nov 04Kumul Petroleum Holdings Limited acquired 2.6% stake in PNG LNG Inc. from Santos Limited (ASX:STO) for approximately $600 million.Kumul Petroleum Holdings Limited entered into an agreement to acquire a 2.6% stake in PNG LNG Inc. from Santos Limited (ASX:STO) for approximately $590 million on September 1, 2023. The transaction is subject to n the approval of the PNG competition regulator. The transaction is expected to closed on or before December 31, 2023. As on December 29, 2023, Santos is pleased to confirm that further to the announcement on August 31, 2023 for the sale of 2.6% of PNG LNG to Kumul Petroleum Holdings Limited (Kumul), funding for the transaction has been secured by Kumul. Kumul has paid approximately $250 million into escrow with Santos as part payment of the purchase price. Additionally, Kumul has executed binding funding arrangements for the remainder of the consideration, which will be available for drawdown by January 31, 2024. Approval by the PNG independent Consumer and Competition Commission (ICCC) for the transaction has been received, satisfying the only condition precedent to the transaction. The commercial terms of the transaction remain unchanged. As on February 1, 2024, Santos and Kumul have agreed an amendment to the Sale Agreement where Kumul has taken an effective interest in the Santos entity that holds the 2.6% sale interest. Kumul has paid $352 million to Santos (equivalent to a 1.6%) on January 31, 2024 to allow partial completion of the transaction. The amendment provides additional time for Kumul to pay the remaining purchase price of $241 million. Until final completion, Santos retains control of the entity holding the 2.6% and in order to assist with purchase of the remaining interest, future project distributions associated with the interest sold to Kumul will be applied to acquiring the remaining interest. Kumul Petroleum Holdings Limited completed the acquisition of 2.6% stake in PNG LNG Inc. from Santos Limited (ASX:STO) for approximately $600 million on November 4, 2024.お知らせ • Sep 07Santos Limited Announces Chief Financial Officer ChangesSantos announced the retirement of Ms. Anthea McKinnell as Chief Financial Officer and the appointment of Ms. Sherry Duhe to the role. Ms. Duhe joins Santos as a highly skilled and experienced finance executive in the energy sector. During her 28-year career, primarily in the oil and gas industry, Ms. Duhe has held senior finance, commercial, and merger and acquisition roles in Australia, the United States, Europe and the Middle East. Ms. Duhe was most recently interim Chief Executive Officer at Newcrest Limited where she worked closely with Management and the Board to successfully negotiate and complete the sale of the company to Newmont. Ms. Duhe served as Chief Financial Officer at Woodside Energy for four years until early 2022, prior to which she had a 13-year career with Shell, holding varied international finance roles of increasing scope and accountability. She commenced her career with Exxon Mobil. Ms. Duhe holds a Bachelor of Science in Accounting from Louisiana State University and an International Master of Business Administration from the University of South Carolina. She is also a Certified Public Accountant.お知らせ • Sep 04Timor GAP, E.P. agreed to acquire 16% stake in Bayu-Undan upstream project from Santos Limited (ASX:STO), Tokyo Timor Sea Resources Pty Ltd, Eni S.p.A. (BIT:ENI), Inpex Corporation (TSE:1605) and SK E&S Co., Ltd.Timor GAP, E.P. signed a sale and purchase deed to acquire 16% stake in Bayu-Undan upstream project from Santos Limited (ASX:STO), Tokyo Timor Sea Resources Pty Ltd, Eni S.p.A. (BIT:ENI), Inpex Corporation (TSE:1605) and SK E&S Co., Ltd. on September 2, 2024. Execution of the SPD to effect this transaction is planned to occur in mid-September.Declared Dividend • Aug 23First half dividend of US$0.13 announcedShareholders will receive a dividend of US$0.13. Ex-date: 26th August 2024 Payment date: 25th September 2024 Dividend yield will be 5.4%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (141% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 23Santos Limited Announces Estimated Ordinary Dividend for the Six Months Ended June 30, 2024, Payable on September 25, 2024Santos Limited announced estimated ordinary dividend of USD 0.13000000 per share for the six months ended June 30, 2024. The dividend is payable on September 25, 2024 with record date of August 27, 2024 and ex-date of August 26, 2024.Reported Earnings • Aug 22First half 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst half 2024 results: EPS: US$0.20 (down from US$0.24 in 1H 2023). Revenue: US$2.71b (down 8.6% from 1H 2023). Net income: US$636.0m (down 20% from 1H 2023). Profit margin: 24% (down from 27% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 2.6%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • May 09Santos, Repsol Reportedly Explore Sale of Stakes in Alaska OilfieldsOil and gas producers Santos Limited (ASX:STO) and Repsol, S.A. (BME:REP) are exploring a sale of a minority stake in oilfields in Alaska they jointly own and develop in a deal that could be worth about $1 billion, according to people familiar with the matter. The oilfields include the Pikka project, which is one of the largest oil prospects in Alaska and has been valued at about $4.5 billion by consultancy firm Rystad Energy. The companies are working with an investment bank to jointly sell minority stakes in Pikka, alongside partial interests in the Horseshoe and Quokka fields that are located in the North Slope region of Alaska, the sources said, requesting anonymity as the discussions are confidential. Repsol and Santos declined to comment. The stakes are so-called non-operating positions, meaning the owner gets a share of the proceeds from the sale of hydrocarbons without needing to undertake any drilling or be involved in operations. They are required to contribute to their share of costs. Potential buyer interest will likely be impacted by factors including legal and environmental risks, the sources said, cautioning a deal is not guaranteed.お知らせ • Mar 01Santos Limited Announces Actual Ordinary Fully Paid Dividend for the Six Months Ended December 31, 2023, Payable on March 27, 2024Santos Limited announced actual ordinary fully paid dividend of USD 0.17500000 per share for the six months ended December 31, 2023. The dividend is payable on March 27, 2024 with record date of February 27, 2024 and ex-date of February 26, 2024.Declared Dividend • Feb 23Final dividend of US$0.17 announcedShareholders will receive a dividend of US$0.17. Ex-date: 26th February 2024 Payment date: 27th March 2024 Dividend yield will be 4.2%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not adequately covered by cash flows (95% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 21Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$0.43 (down from US$0.63 in FY 2022). Revenue: US$5.89b (down 24% from FY 2022). Net income: US$1.42b (down 33% from FY 2022). Profit margin: 24% (down from 27% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 07Woodside Energy Says Merger Talks with Santos CollapsedAustralia's Woodside Energy Group Ltd. (ASX:WDS), opens new tab and Santos Limited (ASX:STO) said they had ended talks to create a possible AUD 80 billion ($52 billion) global oil and gas giant. Woodside, which is more than twice as large as Santos in terms of market value and revenue, said it would only pursue a deal that would add value for its shareholders. The talks fell apart as the two companies could not agree on a valuation level, according to two sources with direct knowledge of the matter who could not be named discussing confidential information. A firm bid did not emerge from Woodside following the almost two months of due diligence and negotiations that the parties undertook, one of the sources said. Woodside declined to comment on those points and Santos did not immediately respond to a request for comment. Santos said in a statement after "an initial exchange of information, sufficient combination benefits were not identified to support a merger that would be in the best interests of Santos shareholders". "We have a strong balance sheet and continue to review options to unlock value for shareholders," it said. If the merger had taken place, it would have created a major global liquefied natural gas (LNG) producer that could attract more offshore investors as gas is seen as a key bridging fuel in the shift to cleaner energy. "While the discussions with Santos did not result in a transaction, Woodside considers that the global LNG sector provides significant potential for value creation," Woodside CEO Meg O’Neill said in a statement. Woodside had faced pressure from some investors not to pay a premium for Santos in what would have been one of the largest corporate takeovers in Australian history. "Woodside's decision to walk away is a relief," said Simon Mawhinney, chief investment officer at Allan Gray which holds A$700 million worth of Woodside stock. The fund last week wrote to management warning against pursuing a deal. "We had hoped this would be the outcome," Mawhinney said. "It was unclear to us where there was much merit in a tie up. It further cements our view about Woodside's capital discipline".お知らせ • Jan 25Santos Limited, Annual General Meeting, Apr 11, 2024Santos Limited, Annual General Meeting, Apr 11, 2024.Major Estimate Revision • Jan 22Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.486 to US$0.435 per share. Revenue forecast steady at US$5.97b. Net income forecast to shrink 16% next year vs 13% decline forecast for Oil and Gas industry in Australia. Consensus price target broadly unchanged at AU$8.90. Share price fell 2.2% to AU$7.66 over the past week.お知らせ • Jan 09Santos Limited Announces Company Secretary ChangesSantos Limited announced the appointment of Amelia Senneck as Company Secretary effective 9 January 2024. The appointment coincides with Amanda Devonish's resignation as Company Secretary.お知らせ • Dec 07Woodside Energy Response to Media SpeculationIn response to recent media speculation, Woodside Energy Group Ltd. (ASX:WDS) confirmed it is in discussions regarding a potential merger with Santos Limited (ASX:STO). Discussions remain confidential and incomplete, and there is no certainty that the discussions will lead to a transaction. As a global energy company, Woodside continuously assesses a range of opportunities to create and deliver value for shareholders. Woodside will continue to update the market in accordance with its continuous disclosure obligations.Buying Opportunity • Nov 02Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.9%. The fair value is estimated to be AU$9.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings is also forecast to grow by 3.7% per annum over the same time period.お知らせ • Oct 19+ 5 more updatesSantos Limited to Report Fiscal Year 2024 Results on Aug 21, 2024Santos Limited announced that they will report fiscal year 2024 results on Aug 21, 2024Recent Insider Transactions • Sep 10MD, CEO & Director recently sold AU$4.7m worth of stockOn the 8th of September, Kevin Gallagher sold around 599k shares on-market at roughly AU$7.78 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kevin has been a net seller over the last 12 months, reducing personal holdings by AU$6.7m.お知らせ • Sep 01Santos Limited Announces Dividend for the Six Months Ended June 30, 2023 Payable on September 28, 2023Santos Limited announced actual ordinary fully paid dividend of USD 0.08700000 per share for the six months ended June 30, 2023. The dividend is payable on September 28, 2023 with record date of August 29, 2023 and ex-date of August 28, 2023.お知らせ • Aug 25CPC Reportedly Set for Dorado StakeCPC Corporation, Taiwan is being tipped as the most likely buyer of an additional stake in the Dorado oil and gas project off the coast of Western Australia. Owner Santos Limited (ASX:STO) is understood to have had four or five parties in a data room, in a process run by investment bank Goldman Sachs. Among them are believed to be Kufpec (Kuwait Foreign Petroleum Exploration Company K.S.C.) and at least one Japanese suitor, with Mitsui & Co., Ltd. (TSE:8031) and Mitsubishi Corporation (TSE:8058) likely candidates. Other likely parties are Tokyo Gas Co.,Ltd. (TSE:9531), Osaka Gas Co., Ltd. (TSE:9532) and Jadestone Energy plc (AIM:JSE). But the latest chatter in the market is that Santos is pinning its hopes on CPC investing further. CPC recently finalised a deal with Carnarvon, the other owner of the project, to buy a 10% interest in Dorado and its Pavo project for an all-up payment of $146 million. Santos has an 80% interest in Dorado and the thinking in the market is that it remains keen to reduce that exposure to about 60%. Azure Capital-advised Carnarvon Energy was the only other holder before CPC bought in. Dorado, once owned by Woodside Petroleum and later Quadrant Energy before it was purchased by Santos, is an integrated oil and gas project that will be developed in two phases. It is located in the Bedout sub-basin, about 140km off the coast of WA's Port Hedland.Reported Earnings • Aug 24First half 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst half 2023 results: EPS: US$0.24 (down from US$0.35 in 1H 2022). Revenue: US$2.97b (down 21% from 1H 2022). Net income: US$790.0m (down 32% from 1H 2022). Profit margin: 27% (down from 31% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 3.2%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.1% decline forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 23Santos Limited Announces Estimated Ordinary Dividend for the Six Months Ended June 30, 2023, Payable on September 28, 2023Santos Limited announced estimated ordinary fully paid dividend of USD 0.08700000 per share for the six months ended June 30, 2023. The dividend is payable on September 28, 2023 with record date of August 29, 2023 and ex-date of August 28, 2023.お知らせ • Jul 25Santos Reportedly Shortlists Bidders for Dorado ProjectSantos Limited (ASX:STO) Santos is believed to have shortlisted bidders for round two in the contest for a stake in its Dorado project in Western Australia. It is understood that a stake of about 25%, expected to be worth about $500 million, is on offer through investment bank Goldman Sachs. Among those in the race is Kuwait Foreign Petroleum Exploration Company K.S.C. (Kufpec), and the sale process has drawn interest from Southeast Asia. Santos owns 80% of the project, with Azure Capital-advised Carnarvon Energy the remaining holder. Carnarvon sold a 10% stake to Taiwan's CPC for $146 million in February. Sources have suggested that Taiwan's CPC might increase its interest, and Indian companies could consider an acquisition. Dorado is an integrated oil and gas project that will be developed in two phases. The Dorado and Pavo fields are estimated to contain gross 2C recoverable contingent resources of 189 million barrels of liquids and 401 petajoules of gas.Major Estimate Revision • Jul 21Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$6.16b to US$6.04b. EPS estimate also fell from US$0.569 per share to US$0.509 per share. Net income forecast to shrink 25% next year vs 23% decline forecast for Oil and Gas industry in Australia. Consensus price target broadly unchanged at AU$8.93. Share price was steady at AU$7.73 over the past week.お知らせ • Jul 12Santos Limited Announces Resignation of Jodie Hatherly as Company Secretary, Effective 31 July 2023Santos Limited announced that Jodie Hatherly has resigned as a company secretary, effective 31 July 2023. Amanda Devonish remains as company secretary.お知らせ • Feb 09Santos Limited Announces John Brookes Resumes ProductionSantos announced that gas production has resumed from the John Brookes platform, offshore Western Australia, and is expected to ramp-up to full rates in the coming days. Production was suspended in late-November to allow for repairs following the identification of a small leak on the main gas trunkline connecting John Brookes to the Varanus Island gas processing facilities.お知らせ • Nov 29Santos Limited Announces Temporary Shutdown of John Brookes PlatformSantos advised that a small gas leak has been identified in a subsea flange on the main gas trunkline from the John Brookes platform, offshore Western Australia to the Varanus Island gas processing facilities. The observation of the leak occurred during routine activities on the normally un-staffed facility. The platform and pipeline were immediately shutdown and depressurised and all personnel demobilised. Santos has notified all relevant regulatory bodies. Santos is working with customers and other parties to manage gas supply arrangements while the leak is repaired. At this stage, it is expected repairs will take approximately four to six weeks to return to full production. Varanus Island will continue producing at reduced rates and no changes to Santos' previously communicated production market guidance is anticipated.お知らせ • Nov 08Santos Limited Provides Production Guidance for the Fiscal Year 2022 and 2023Santos Limited provided production guidance for the fiscal year 2022 and 2023. For the year 2022, the company expects production guidance is maintained at 103 million -106 million barrels of oil equivalent (mmboe) and sustaining capital expenditure guidance is maintained at approximately USD 1.1 billion.For the year 2023, the company expects Production in 2023 is expected to be in the range of 91-98 mmboe, influenced by the end-of field-life at Bayu-Undan, timing of completion of the expected sell-down of a 5% stake in PNG LNG and lower Western Australia domestic gas production.お知らせ • Sep 27Kumul Petroleum Holdings Limited made a binding conditional offer to acquire 5% stake in PNG LNG project from Santos Limited (ASX:STO)Kumul Petroleum Holdings Limited made a binding conditional offer to acquire 5% stake in PNG LNG project from Santos Limited (ASX:STO) on September 27, 2022. Under the terms of transaction, Kumul Petroleum to acquire a project interest in PNG LNG for asset value of $1.4 billion, including a proportionate share of project finance debt of approximately $0.3 billion & to secure the Offer, Kumul has paid an amount of $55 million to Santos which will be held in escrow to be released to Santos as a deposit for part payment of the Offer price if it accepts the Offer. Kumul is existing partner in the PNG LNG projectFollowing the transaction, Santos would maintain a 37.5 per cent interest in this world-class project. As part of the proposed transaction, Santos and Kumul will negotiate a Heads of Agreement. The Offer is conditional on Kumul obtaining the waivers of certain pre-emptive rights by each other PNG LNG project participant under the project operating agreement to allow the transaction to proceed. The Offer is expressed to be irrevocable. Completion will be subject to customary conditions including necessary regulatory approvals and Kumul securing financing. The proposed transaction will have an effective date of December 31, 2022, with Santos to retain all 2022 cash flows. JB North & Co is acting as financial adviser and Allens is acting as legal adviser to SantosRecent Insider Transactions • Sep 20Independent Non-Executive Director recently bought AU$78k worth of stockOn the 13th of September, Janine McArdle bought around 10k shares on-market at roughly AU$7.76 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$2.5m more in shares than they bought in the last 12 months.株主還元STOAU Oil and GasAU 市場7D-7.0%-4.5%3.4%1Y-5.5%10.3%3.6%株主還元を見る業界別リターン: STO過去 1 年間で10.3 % の収益を上げたAustralian Oil and Gas業界を下回りました。リターン対市場: STOは、過去 1 年間で3.6 % のリターンを上げたAustralian市場を下回りました。価格変動Is STO's price volatile compared to industry and market?STO volatilitySTO Average Weekly Movement4.3%Oil and Gas Industry Average Movement11.7%Market Average Movement10.2%10% most volatile stocks in AU Market17.3%10% least volatile stocks in AU Market4.1%安定した株価: STO 、 Australian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: STOの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19544,028Kevin Gallagherwww.santos.comサントス社はオーストラリアとパプアニューギニアで炭化水素の探査、開発、生産、輸送、販売を行っている。同社の資産は、アラスカ、クーパー盆地、クイーンズランドとニューサウスウェールズ、パプアニューギニア、北部オーストラリア、東ティモール、西オーストラリアにある。また、脱炭素技術の開発にも取り組んでいる。さらに、原油、液化石油ガス、エタン、液化天然ガス、コンデンセート、天然ガスを生産している。サントス・リミテッドは1954年に設立され、本社はオーストラリアのアデレードにある。もっと見るSantos Limited 基礎のまとめSantos の収益と売上を時価総額と比較するとどうか。STO 基礎統計学時価総額AU$23.85b収益（TTM）AU$1.16b売上高(TTM)AU$7.00b20.6xPER（株価収益率3.4xP/SレシオSTO は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計STO 損益計算書（TTM）収益US$4.94b売上原価US$3.28b売上総利益US$1.66bその他の費用US$846.00m収益US$818.00m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）0.25グロス・マージン33.69%純利益率16.56%有利子負債／自己資本比率38.8%STO の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.6%現在の配当利回り94%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/17 19:49終値2026/06/17 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Santos Limited 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。19 アナリスト機関Dale KoendersBarrenjoey Markets Pty LimitedNEIL BEVERIDGEBernsteinMatt ChalmersBofA Global Research16 その他のアナリストを表示
お知らせ • 1hSantos Limited Appoints Kate Vidgen as Independent Non-Executive Director Effective 17 June 2026Santos Limited announced that Ms. Kate Vidgen will be appointed as an independent Non-Executive Director effective 17 June 2026. Ms. Vidgen brings extensive experience to Santos as a senior finance executive and non-executive director, with a demonstrated track record across the energy, resources, infrastructure and technology sectors. In addition to 26 years in executive roles at Macquarie Group, Ms. Vidgen has accumulated more than a decade of board-level experience. Notably, Ms. Vidgen served as the Chair of Quadrant Energy Pty Ltd, bringing direct and practical knowledge of the oil and gas operating environment to the Board. Ms. Vidgen currently serves on the board of Bond University, consults as an Operating Partner to Macquarie Asset Management, is an independent Non-Executive Director of Macquarie Technology Group Limited and is the Chair of SkyNRG BV. Ms Vidgen has also served as an independent Non-Executive Director of Aurizon Holdings Ltd, a member of the Clean Energy Regulator and a National Board Member of Chief Executive Women. Ms. Vidgen's appointment follows the retirement of Ms. Yasmin Allen on 21 February 2026.
分析記事 • Jun 16Santos (ASX:STO) Shares Could Be 16.2% Undervalued After Pikka First OilSantos (ASX:STO) is back in focus after reaching first oil at the Alaska Pikka project, a milestone that puts the upcoming third quarter production ramp and the company’s debt reduction plans under closer investor scrutiny. See our latest analysis for Santos. Despite the Pikka milestone and focus on higher production, Santos shares have eased in recent weeks, with a 30 day share price return of 5.46% and a 1 year total shareholder return of 0.62%. This suggests momentum has cooled after a...
ライブニュース • Jun 12Santos Targets Higher Oil and LNG Output as Pikka and Barossa Projects Reach Key MilestonesSantos is ramping up production from the Pikka Phase 1 oil project in Alaska, which has started at 20,000 barrels per day and is targeting a plateau of 80,000 barrels per day by Q3 2026, with first sales revenue expected 2 to 3 months after first oil. The Barossa LNG project has shipped its first cargoes, while PNG LNG, GLNG and Alaska assets continue to contribute to higher Q1 2026 production and stable free cash flow, with full-year 2026 guidance unchanged. The company plans to reduce net debt by US$2.5b by 2030, supported by a 10-year gas sales agreement with the South Australian Government, progress on domestic gas infrastructure, and potential future catalysts from Papua LNG and carbon capture projects. These updates point to a period in which Santos is bringing large projects online, keeping guidance in place and using cash generation to work toward balance sheet improvement targets. Investors may want to watch execution risk around the production ramp at Pikka and Barossa, as well as timing on Papua LNG and carbon capture decisions, given their importance to future cash flow and capital allocation.
ナラティブの更新 • Jun 06STO: Future Returns Will Depend On Papua LNG Sanction And Cash FlowAnalysts have adjusted their A$ fair value estimate for Santos to A$8.81, a move supported by updated views on revenue growth, profit margins, and the stock's forward P/E profile. What's in the News Santos has reaffirmed its full year 2026 guidance, with recent updates pointing to higher quarterly production and stable free cash flow generation.
ライブニュース • Jun 05Santos Reaffirms 2026 Outlook as Key LNG and Oil Projects Hit Crucial MilestonesSantos has reaffirmed its 2026 full-year guidance while reporting quarterly production that it describes as higher, supported by stable free cash flow generation. Key growth projects, including the Barossa LNG and Pikka oil developments in Alaska, are moving toward important milestones that could influence earnings in upcoming quarters. Operations across PNG LNG, GLNG and Alaska are described as strong, with additional potential from a possible final investment decision on Papua LNG and ongoing carbon capture projects. The combination of maintained guidance, progressing LNG and oil projects, and stable free cash flow points to a business that is currently leaning on both existing production and a pipeline of future developments. You should also weigh execution and regulatory risks around Barossa, Pikka, Papua LNG and carbon capture, as delays or cost pressures on any of these projects could affect the timing and scale of future cash flows.
ナラティブの更新 • May 01STO: Future Returns Will Depend On Low Costs And Papua LNG ExecutionAnalysts have nudged their price target on Santos higher to A$8.59 from A$8.56, citing updated fair value work that reflects its low cost operating model and planned production growth, supported by expectations around Papua LNG reaching final investment decision by mid 2026. Analyst Commentary Analysts reacting to the recent update on Santos are highlighting both supports and pressure points for the equity story, with views clustering around execution on growth projects, cash generation and how much of the medium term outlook is already reflected in the share price.
お知らせ • 1hSantos Limited Appoints Kate Vidgen as Independent Non-Executive Director Effective 17 June 2026Santos Limited announced that Ms. Kate Vidgen will be appointed as an independent Non-Executive Director effective 17 June 2026. Ms. Vidgen brings extensive experience to Santos as a senior finance executive and non-executive director, with a demonstrated track record across the energy, resources, infrastructure and technology sectors. In addition to 26 years in executive roles at Macquarie Group, Ms. Vidgen has accumulated more than a decade of board-level experience. Notably, Ms. Vidgen served as the Chair of Quadrant Energy Pty Ltd, bringing direct and practical knowledge of the oil and gas operating environment to the Board. Ms. Vidgen currently serves on the board of Bond University, consults as an Operating Partner to Macquarie Asset Management, is an independent Non-Executive Director of Macquarie Technology Group Limited and is the Chair of SkyNRG BV. Ms Vidgen has also served as an independent Non-Executive Director of Aurizon Holdings Ltd, a member of the Clean Energy Regulator and a National Board Member of Chief Executive Women. Ms. Vidgen's appointment follows the retirement of Ms. Yasmin Allen on 21 February 2026.
分析記事 • Jun 16Santos (ASX:STO) Shares Could Be 16.2% Undervalued After Pikka First OilSantos (ASX:STO) is back in focus after reaching first oil at the Alaska Pikka project, a milestone that puts the upcoming third quarter production ramp and the company’s debt reduction plans under closer investor scrutiny. See our latest analysis for Santos. Despite the Pikka milestone and focus on higher production, Santos shares have eased in recent weeks, with a 30 day share price return of 5.46% and a 1 year total shareholder return of 0.62%. This suggests momentum has cooled after a...
ライブニュース • Jun 12Santos Targets Higher Oil and LNG Output as Pikka and Barossa Projects Reach Key MilestonesSantos is ramping up production from the Pikka Phase 1 oil project in Alaska, which has started at 20,000 barrels per day and is targeting a plateau of 80,000 barrels per day by Q3 2026, with first sales revenue expected 2 to 3 months after first oil. The Barossa LNG project has shipped its first cargoes, while PNG LNG, GLNG and Alaska assets continue to contribute to higher Q1 2026 production and stable free cash flow, with full-year 2026 guidance unchanged. The company plans to reduce net debt by US$2.5b by 2030, supported by a 10-year gas sales agreement with the South Australian Government, progress on domestic gas infrastructure, and potential future catalysts from Papua LNG and carbon capture projects. These updates point to a period in which Santos is bringing large projects online, keeping guidance in place and using cash generation to work toward balance sheet improvement targets. Investors may want to watch execution risk around the production ramp at Pikka and Barossa, as well as timing on Papua LNG and carbon capture decisions, given their importance to future cash flow and capital allocation.
ナラティブの更新 • Jun 06STO: Future Returns Will Depend On Papua LNG Sanction And Cash FlowAnalysts have adjusted their A$ fair value estimate for Santos to A$8.81, a move supported by updated views on revenue growth, profit margins, and the stock's forward P/E profile. What's in the News Santos has reaffirmed its full year 2026 guidance, with recent updates pointing to higher quarterly production and stable free cash flow generation.
ライブニュース • Jun 05Santos Reaffirms 2026 Outlook as Key LNG and Oil Projects Hit Crucial MilestonesSantos has reaffirmed its 2026 full-year guidance while reporting quarterly production that it describes as higher, supported by stable free cash flow generation. Key growth projects, including the Barossa LNG and Pikka oil developments in Alaska, are moving toward important milestones that could influence earnings in upcoming quarters. Operations across PNG LNG, GLNG and Alaska are described as strong, with additional potential from a possible final investment decision on Papua LNG and ongoing carbon capture projects. The combination of maintained guidance, progressing LNG and oil projects, and stable free cash flow points to a business that is currently leaning on both existing production and a pipeline of future developments. You should also weigh execution and regulatory risks around Barossa, Pikka, Papua LNG and carbon capture, as delays or cost pressures on any of these projects could affect the timing and scale of future cash flows.
ナラティブの更新 • May 01STO: Future Returns Will Depend On Low Costs And Papua LNG ExecutionAnalysts have nudged their price target on Santos higher to A$8.59 from A$8.56, citing updated fair value work that reflects its low cost operating model and planned production growth, supported by expectations around Papua LNG reaching final investment decision by mid 2026. Analyst Commentary Analysts reacting to the recent update on Santos are highlighting both supports and pressure points for the equity story, with views clustering around execution on growth projects, cash generation and how much of the medium term outlook is already reflected in the share price.
ナラティブの更新 • Apr 16STO: Future Upside Will Rely On Low Costs And Papua LNG ProgressAnalysts have nudged their price targets for Santos higher, with fair value moving from A$8.49 to A$8.56. This reflects updated assumptions around revenue growth, margins and production outlook tied to recent research that highlights Santos' low cost model and planned production expansion supported by progress at Papua LNG.
Major Estimate Revision • Apr 16Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$6.94b to US$7.32b. EPS estimate increased from US$0.54 to US$0.60 per share. Net income forecast to grow 133% next year vs 31% growth forecast for Oil and Gas industry in Australia. Consensus price target up from AU$8.28 to AU$8.56. Share price fell 3.8% to AU$7.65 over the past week.
ナラティブの更新 • Apr 02STO: Future Returns Will Reflect Low Costs And Papua LNG Execution RiskThe analyst fair value estimate for Santos has shifted from A$7.95 to A$8.49. The change is linked to recent upgrades that highlight the company's low cost model and planned production growth as key supports for higher price targets around A$7.30 to A$7.50.
Major Estimate Revision • Mar 25Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$6.14b to US$6.59b. EPS estimate increased from US$0.43 to US$0.494 per share. Net income forecast to grow 79% next year vs 36% growth forecast for Oil and Gas industry in Australia. Consensus price target up from AU$8.13 to AU$8.38. Share price was steady at AU$7.84 over the past week.
お知らせ • Mar 13Santos Limited, Annual General Meeting, Apr 16, 2026Santos Limited, Annual General Meeting, Apr 16, 2026. Location: at meeting hall c, adelaide convention centre, north terrace, adelaide, south australia, 5000., Australia
ナラティブの更新 • Mar 11STO: Future Returns Will Reflect Low Costs And Asset Review Execution RiskAnalysts have lifted their average price target for Santos to about A$7.95, up from roughly A$7.55, citing a solid in line result, expectations for more than 25% production growth by 2027 and a supportive low cost operating model, along with updated Street views that factor in more moderate assumptions for future commodity prices. Analyst Commentary Bullish Takeaways Bullish analysts point to Santos' low cost operating model as a key support for margins and cash generation potential, which they see as helping to underpin the higher A$7.30 to A$7.50 price targets.
Major Estimate Revision • Mar 08Consensus EPS estimates increase by 27%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$5.53b to US$5.89b. EPS estimate increased from US$0.315 to US$0.40 per share. Net income forecast to grow 56% next year vs 15% growth forecast for Oil and Gas industry in Australia. Consensus price target up from AU$7.59 to AU$7.97. Share price rose 10% to AU$7.46 over the past week.
Recent Insider Transactions • Mar 08MD, CEO & Director recently sold AU$5.6m worth of stockOn the 27th of February, Kevin Gallagher sold around 830k shares on-market at roughly AU$6.75 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Kevin's only on-market trade for the last 12 months.
新しいナラティブ • Mar 06Santos: Undervalued After Takeover FalloutSantos (ASX: STO) experienced a sharp share price drop after the failed A$36 billion takeover by a consortium led by ADNOC. While the deal’s withdrawal removed a near-term premium, it highlighted the strategic value of Santos’ LNG and gas assets.
ナラティブの更新 • Feb 25STO: Future Returns Will Reflect Low Costs And Papua LNG Execution RiskThe analyst price target for Santos has moved from A$6.75 to A$7.50, with analysts pointing to a solid in line result, a low cost operating model, and expectations for production growth and Papua LNG progress as key supports for the higher fair value and slightly adjusted discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts see the move in price targets to A$7.30 to A$7.50 as better aligning the stock with their updated fair value assumptions after a solid in line result and a reaffirmed low cost operating model.
Declared Dividend • Feb 20Final dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 23rd February 2026 Payment date: 25th March 2026 Dividend yield will be 4.4%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.3% to bring the payout ratio under control. EPS is expected to grow by 64% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Feb 19Full year 2025 earnings released: EPS: US$0.25 (vs US$0.38 in FY 2024)Full year 2025 results: EPS: US$0.25 (down from US$0.38 in FY 2024). Revenue: US$4.94b (down 8.2% from FY 2024). Net income: US$818.0m (down 33% from FY 2024). Profit margin: 17% (down from 23% in FY 2024). Oil reserves Proven reserves: 138 MMbbls Gas reserves Proven reserves: 4510.493 Bcf Combined production Oil equivalent production: 87.7 MMboe (87.1 MMboe in FY 2024) Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Feb 18+ 2 more updatesSantos Limited Provides Production and Sales Volume Guidance for the Year 2026Santos Limited provided production and sales volume guidance for the year 2026. Guidance for 2026 remains unchanged. Production volumes to be 101 to 111 mmboe and Sales volumes to be 101 to 111 mmboe.
ナラティブの更新 • Feb 10STO: Future Returns Will Reflect Less Bearish 2026 Commodity AssumptionsNarrative Update on Santos Analysts have trimmed their Santos price target slightly to A$7.29 from A$7.38, reflecting updated views on fair value, discount rate and future P/E as they factor in expectations for 2026 oil and gas prices that are less bearish than broader consensus. Analyst Commentary Recent research has seen a shift in tone around Santos, with bullish analysts lifting their stance even while building in lower oil and gas price assumptions for 2026.
ナラティブの更新 • Jan 26STO: Future Share Momentum Will Reflect Less Bearish 2026 Commodity AssumptionsAnalysts have trimmed their price target on Santos to about A$7.38 from roughly A$7.56, reflecting updated assumptions for slightly softer revenue growth and profit margins, along with a modestly higher expected future P/E. They still view the shares more positively relative to consensus expectations for oil and gas prices into 2026.
Major Estimate Revision • Jan 23Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$6.04b to US$5.59b. EPS estimate also fell from US$0.374 per share to US$0.326 per share. Net income forecast to shrink 2.6% next year vs 8.1% decline forecast for Oil and Gas industry in Australia. Consensus price target broadly unchanged at AU$7.45. Share price was steady at AU$6.38 over the past week.
ナラティブの更新 • Jan 12STO: Future Share Momentum Will Reflect Firmer 2026 Pricing ExpectationsAnalysts have nudged their fair value estimate for Santos to A$7.56 from A$7.53, reflecting slightly higher assumptions for revenue growth, profit margins and future P/E, as some now expect oil and gas prices in 2026 to be less weak than broader forecasts. Analyst Commentary Bullish Takeaways Bullish analysts view the upgrade alongside a A$7.30 price target as support for the revised fair value, suggesting current assumptions on revenue growth, margins and P/E are within a range some investors may find reasonable.
お知らせ • Dec 20Santos Limited Appoints Lachlan Harris as Chief Financial Officer, Effective 19 December 2025Santos Limited announced the appointment of Lachlan Harris as Chief Financial Officer, effective 19 December 2025. Mr. Harris has been responsible for overseeing the company's financial stewardship since his appointment as Acting Chief Financial Officer in October. In his 15 years with the business, Mr. Harris has held a range of leadership positions including across treasury, finance systems and risk. Most recently, he held the roles of Deputy Chief Financial Officer and Treasurer and previously acted in the Chief Financial Officer role. Mr. Harris is a Fellow of the Chartered Accountants Australia and New Zealand and holds a Bachelor of Commerce (Accounting & Finance).
ナラティブの更新 • Dec 14STO: Future Share Momentum Will Reflect Takeover Clarity And Rising Free Cash FlowsAnalysts have trimmed their price target for Santos by A$0.29 to A$7.53, reflecting a slightly lower fair value and profit margin outlook, while also highlighting improving long term free cash flow prospects and a supportive valuation following the withdrawal of the XRG takeover proposal. Analyst Commentary Bullish Takeaways Bullish analysts see the withdrawal of the XRG takeover proposal as removing a key overhang, allowing the market to refocus on Santos fundamentals and intrinsic valuation support.
ナラティブの更新 • Nov 28STO: Share Momentum Expected As Takeover Uncertainty Ends And Cash Flows ImproveAnalysts have slightly raised their price target for Santos from A$7.77 to A$7.82. They highlight an improved outlook following the withdrawal of the XRG consortium’s takeover bid and expectations for increased free cash flow as major projects advance.
ナラティブの更新 • Nov 14STO: Free Cash Flow Growth Expected As Key Projects Reach CompletionThe analyst price target for Santos has increased slightly from A$7.76 to A$7.77. This reflects analysts' view that the withdrawal of a takeover proposal and expectations for improved cash flow from major projects support a higher valuation.
ナラティブの更新 • Oct 31STO: Focus Will Shift To Project Delivery Following Takeover WithdrawalThe analyst price target for Santos has been modestly reduced from A$7.88 to A$7.76. Analysts are factoring in adjusted expectations for revenue growth and profit margins following the withdrawal of the XRG takeover proposal and continued focus on future project execution.
ナラティブの更新 • Oct 17Barossa LNG And CCS Initiatives Will Drive Future Energy TransitionAnalysts have trimmed their average price target for Santos from A$8.10 to A$7.88. This reflects more cautious assumptions on revenue growth and profit margins.
ナラティブの更新 • Oct 03Barossa LNG And CCS Initiatives Will Drive Future Energy TransitionAnalysts have revised Santos' fair value estimate downward from A$8.37 to A$8.10. This change reflects updated expectations for stronger revenue growth and profit margins, along with sector valuation considerations after the XRG takeover proposal was withdrawn.
お知らせ • Sep 17XRG P.J.S.C, Abu Dhabi Developmental Holding Company PJSC and The Carlyle Group Inc. (NasdaqGS:CG) cancelled the acquisition of Santos Limited (ASX:STO).XRG P.J.S.C, Abu Dhabi Developmental Holding Company PJSC and The Carlyle Group Inc. (NasdaqGS:CG) proposed to acquire Santos Limited (ASX:STO) for AUD 28.8 billion on June 13, 2025. The offer per share value for Santos is AUD 8.89 per share. This acquisition is via a scheme of arrangement. Santos Board confirms that, subject to reaching agreement on acceptable terms of a binding SIA, it intends to unanimously recommend that Santos Shareholders vote in favour of the Potential Transaction, in the absence of a superior proposal and subject to an independent expert concluding, and continuing to conclude, that the Potential Transaction is fair and reasonable and in the best interests of Santos Shareholders. As of June 27, 2025, XRG P.J.S.C, Abu Dhabi Developmental Holding Company PJSC and The Carlyle Group Inc. has entered into a process and exclusivity deed to acquire Santos Limited. The Indicative Proposal is subject to the satisfactory completion of confirmatory due diligence by the XRG Consortium and the negotiation and execution of an agreed scheme implementation agreement (SIA) with Santos on customary terms and conditions. Implementation of the scheme under the SIA would be conditional on (among other things) customary approval from the Foreign Investment Review Board, Australian Securities and Investments Commission, National Offshore Petroleum Titles Administrator, PNG Securities Commission, PNG Independent Consumer and Competition Commission and Committee on Foreign Investment in the United States. As of July 1, 2025, the consortium has been granted exclusive due diligence access for a period of six weeks from June 27, 2025. The exclusivity provisions include customary “no shop”, “no talk”, “no due diligence” and “notification” obligations that apply during the exclusivity period. The transaction also requires approval from regulators in Papua New Guinea and the United States. As on August 11, 2025, The XRG Consortium has now substantially completed due diligence in relation to the Potential Transaction under the Process and Exclusivity Deed dated June 27, 2025. Santos has consented to the Extension until August 22, 2025 to enable the XRG Consortium to finalise due diligence and progress a scheme implementation agreement (SIA). Santos Shareholders do not need to take any action in relation to this announcement. Santos notes that there is no certainty that the XRG Consortium will enter into a binding SIA on terms acceptable to Santos or that the Potential Transaction will proceed. Santos will continue to keep its shareholders informed in accordance with its continuous disclosure obligations. As on August 19, 2025, The XRG Consortium has indicated that these approvals are expected to take four weeks to obtain (assuming an expedited process, potentially longer without) from the time that both due diligence is complete and the terms of an SIA are agreed in principle. As on August 25, 2025, The Consortium has requested an extension of the exclusivity period to conclude due diligence and to allow the Consortium to obtain all necessary approvals to enter into a binding transaction. Santos has agreed to an extension of the Process Deed September 19, 2025. The Goldman Sachs Group, Inc. (NYSE:GS) and J.B. North & Co Pty Ltd acted as financial advisor and Herbert Smith Freehills Kramer acted as legal advisor to Santos. Rothschild & Co is acting as independent board adviser. XRG P.J.S.C, Abu Dhabi Developmental Holding Company PJSC and The Carlyle Group Inc. (NasdaqGS:CG) cancelled the acquisition of Santos Limited (ASX:STO) on September 17, 2025.
ナラティブの更新 • Sep 16Barossa LNG And CCS Initiatives Will Drive Future Energy TransitionAnalysts have lowered Santos’s price target from A$8.51 to A$8.37 primarily due to concerns over risks to the completion of XRG's acquisition proposal. Analyst Commentary Bearish analysts cite potential risks to the completion of XRG's acquisition proposal as a reason for the downgrade and reduced price target.
ナラティブの更新 • Aug 27Securing Long-Term LNG Agreements Will Sustain Cash Flows Beyond 2029Analysts have revised Santos’ price target upward to A$8.58, primarily reflecting concerns over risks to the XRG acquisition proposal, which has prompted a more cautious outlook. Analyst Commentary Concern over potential risks to XRG's acquisition proposal completing, leading to a more cautious outlook and lower price target.
Declared Dividend • Aug 27First half dividend of US$0.12 announcedShareholders will receive a dividend of US$0.12. Ex-date: 2nd September 2025 Payment date: 1st October 2025 Dividend yield will be 3.5%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 26First half 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst half 2025 results: EPS: US$0.14 (down from US$0.20 in 1H 2024). Revenue: US$2.58b (down 4.9% from 1H 2024). Net income: US$439.0m (down 31% from 1H 2024). Profit margin: 17% (down from 24% in 1H 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Aug 25Santos Limited Announces Ordinary Fully Paid Dividend for A Period of Six Months Ended June 30, 2025, Payable on October 1, 2025Santos Limited announced ordinary fully paid dividend of USD 0.1340 per security for a period of six months ended June 30, 2025. Record Date: September 3, 2025, Ex Date: September 2, 2025 and Payment Date: October 1, 2025.
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to AU$7.72, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Oil and Gas industry in Australia. Total returns to shareholders of 23% over the past three years.
お知らせ • Jun 16XRG P.J.S.C, Abu Dhabi Developmental Holding Company PJSC and The Carlyle Group Inc. (NasdaqGS:CG) proposed to acquire Santos Limited (ASX:STO) for AUD 28.8 billion.XRG P.J.S.C, Abu Dhabi Developmental Holding Company PJSC and The Carlyle Group Inc. (NasdaqGS:CG) proposed to acquire Santos Limited (ASX:STO) for AUD 28.8 billion on June 13, 2025. The offer per share value for Santos is AUD 8.89 per share. This acquisition is via a scheme of arrangement. Santos Board confirms that, subject to reaching agreement on acceptable terms of a binding SIA, it intends to unanimously recommend that Santos Shareholders vote in favour of the Potential Transaction, in the absence of a superior proposal and subject to an independent expert concluding, and continuing to conclude, that the Potential Transaction is fair and reasonable and in the best interests of Santos Shareholders. The Indicative Proposal is subject to the satisfactory completion of confirmatory due diligence by the XRG Consortium and the negotiation and execution of an agreed scheme implementation agreement (SIA) with Santos on customary terms and conditions. Implementation of the scheme under the SIA would be conditional on (among other things) customary approval from the Foreign Investment Review Board, Australian Securities and Investments Commission, National Offshore Petroleum Titles Administrator, PNG Securities Commission, PNG Independent Consumer and Competition Commission and Committee on Foreign Investment in the United States. The Goldman Sachs Group, Inc. (NYSE:GS) and J.B. North & Co Pty Ltd acted as financial advisor and Herbert Smith Freehills Kramer acted as legal advisor to Santos. Rothschild & Co is acting as independent board adviser.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to AU$5.37, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 4x in the Oil and Gas industry in Australia. Total loss to shareholders of 23% over the past three years.
お知らせ • Mar 07Santos Limited, Annual General Meeting, Apr 10, 2025Santos Limited, Annual General Meeting, Apr 10, 2025. Location: at the theatre room, adelaide entertainment centre, 98 port road, hindmarsh 5007, Australia
新しいナラティブ • Feb 23Securing Long-Term LNG Agreements Will Sustain Cash Flows Beyond 2029 Santos's production is set to increase significantly with new projects, boosting revenue and lowering costs.
Declared Dividend • Feb 21Final dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 24th February 2025 Payment date: 26th March 2025 Dividend yield will be 4.4%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (168% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 19Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: US$0.38 (down from US$0.43 in FY 2023). Revenue: US$5.38b (down 8.6% from FY 2023). Net income: US$1.22b (down 14% from FY 2023). Profit margin: 23% (down from 24% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year.
お知らせ • Jan 09+ 4 more updatesSantos Limited to Report Q3, 2025 Results on Oct 16, 2025Santos Limited announced that they will report Q3, 2025 results on Oct 16, 2025
お知らせ • Nov 04Kumul Petroleum Holdings Limited acquired 2.6% stake in PNG LNG Inc. from Santos Limited (ASX:STO) for approximately $600 million.Kumul Petroleum Holdings Limited entered into an agreement to acquire a 2.6% stake in PNG LNG Inc. from Santos Limited (ASX:STO) for approximately $590 million on September 1, 2023. The transaction is subject to n the approval of the PNG competition regulator. The transaction is expected to closed on or before December 31, 2023. As on December 29, 2023, Santos is pleased to confirm that further to the announcement on August 31, 2023 for the sale of 2.6% of PNG LNG to Kumul Petroleum Holdings Limited (Kumul), funding for the transaction has been secured by Kumul. Kumul has paid approximately $250 million into escrow with Santos as part payment of the purchase price. Additionally, Kumul has executed binding funding arrangements for the remainder of the consideration, which will be available for drawdown by January 31, 2024. Approval by the PNG independent Consumer and Competition Commission (ICCC) for the transaction has been received, satisfying the only condition precedent to the transaction. The commercial terms of the transaction remain unchanged. As on February 1, 2024, Santos and Kumul have agreed an amendment to the Sale Agreement where Kumul has taken an effective interest in the Santos entity that holds the 2.6% sale interest. Kumul has paid $352 million to Santos (equivalent to a 1.6%) on January 31, 2024 to allow partial completion of the transaction. The amendment provides additional time for Kumul to pay the remaining purchase price of $241 million. Until final completion, Santos retains control of the entity holding the 2.6% and in order to assist with purchase of the remaining interest, future project distributions associated with the interest sold to Kumul will be applied to acquiring the remaining interest. Kumul Petroleum Holdings Limited completed the acquisition of 2.6% stake in PNG LNG Inc. from Santos Limited (ASX:STO) for approximately $600 million on November 4, 2024.
お知らせ • Sep 07Santos Limited Announces Chief Financial Officer ChangesSantos announced the retirement of Ms. Anthea McKinnell as Chief Financial Officer and the appointment of Ms. Sherry Duhe to the role. Ms. Duhe joins Santos as a highly skilled and experienced finance executive in the energy sector. During her 28-year career, primarily in the oil and gas industry, Ms. Duhe has held senior finance, commercial, and merger and acquisition roles in Australia, the United States, Europe and the Middle East. Ms. Duhe was most recently interim Chief Executive Officer at Newcrest Limited where she worked closely with Management and the Board to successfully negotiate and complete the sale of the company to Newmont. Ms. Duhe served as Chief Financial Officer at Woodside Energy for four years until early 2022, prior to which she had a 13-year career with Shell, holding varied international finance roles of increasing scope and accountability. She commenced her career with Exxon Mobil. Ms. Duhe holds a Bachelor of Science in Accounting from Louisiana State University and an International Master of Business Administration from the University of South Carolina. She is also a Certified Public Accountant.
お知らせ • Sep 04Timor GAP, E.P. agreed to acquire 16% stake in Bayu-Undan upstream project from Santos Limited (ASX:STO), Tokyo Timor Sea Resources Pty Ltd, Eni S.p.A. (BIT:ENI), Inpex Corporation (TSE:1605) and SK E&S Co., Ltd.Timor GAP, E.P. signed a sale and purchase deed to acquire 16% stake in Bayu-Undan upstream project from Santos Limited (ASX:STO), Tokyo Timor Sea Resources Pty Ltd, Eni S.p.A. (BIT:ENI), Inpex Corporation (TSE:1605) and SK E&S Co., Ltd. on September 2, 2024. Execution of the SPD to effect this transaction is planned to occur in mid-September.
Declared Dividend • Aug 23First half dividend of US$0.13 announcedShareholders will receive a dividend of US$0.13. Ex-date: 26th August 2024 Payment date: 25th September 2024 Dividend yield will be 5.4%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (141% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 23Santos Limited Announces Estimated Ordinary Dividend for the Six Months Ended June 30, 2024, Payable on September 25, 2024Santos Limited announced estimated ordinary dividend of USD 0.13000000 per share for the six months ended June 30, 2024. The dividend is payable on September 25, 2024 with record date of August 27, 2024 and ex-date of August 26, 2024.
Reported Earnings • Aug 22First half 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst half 2024 results: EPS: US$0.20 (down from US$0.24 in 1H 2023). Revenue: US$2.71b (down 8.6% from 1H 2023). Net income: US$636.0m (down 20% from 1H 2023). Profit margin: 24% (down from 27% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 2.6%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • May 09Santos, Repsol Reportedly Explore Sale of Stakes in Alaska OilfieldsOil and gas producers Santos Limited (ASX:STO) and Repsol, S.A. (BME:REP) are exploring a sale of a minority stake in oilfields in Alaska they jointly own and develop in a deal that could be worth about $1 billion, according to people familiar with the matter. The oilfields include the Pikka project, which is one of the largest oil prospects in Alaska and has been valued at about $4.5 billion by consultancy firm Rystad Energy. The companies are working with an investment bank to jointly sell minority stakes in Pikka, alongside partial interests in the Horseshoe and Quokka fields that are located in the North Slope region of Alaska, the sources said, requesting anonymity as the discussions are confidential. Repsol and Santos declined to comment. The stakes are so-called non-operating positions, meaning the owner gets a share of the proceeds from the sale of hydrocarbons without needing to undertake any drilling or be involved in operations. They are required to contribute to their share of costs. Potential buyer interest will likely be impacted by factors including legal and environmental risks, the sources said, cautioning a deal is not guaranteed.
お知らせ • Mar 01Santos Limited Announces Actual Ordinary Fully Paid Dividend for the Six Months Ended December 31, 2023, Payable on March 27, 2024Santos Limited announced actual ordinary fully paid dividend of USD 0.17500000 per share for the six months ended December 31, 2023. The dividend is payable on March 27, 2024 with record date of February 27, 2024 and ex-date of February 26, 2024.
Declared Dividend • Feb 23Final dividend of US$0.17 announcedShareholders will receive a dividend of US$0.17. Ex-date: 26th February 2024 Payment date: 27th March 2024 Dividend yield will be 4.2%, which is lower than the industry average of 8.8%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not adequately covered by cash flows (95% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 21Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: US$0.43 (down from US$0.63 in FY 2022). Revenue: US$5.89b (down 24% from FY 2022). Net income: US$1.42b (down 33% from FY 2022). Profit margin: 24% (down from 27% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 07Woodside Energy Says Merger Talks with Santos CollapsedAustralia's Woodside Energy Group Ltd. (ASX:WDS), opens new tab and Santos Limited (ASX:STO) said they had ended talks to create a possible AUD 80 billion ($52 billion) global oil and gas giant. Woodside, which is more than twice as large as Santos in terms of market value and revenue, said it would only pursue a deal that would add value for its shareholders. The talks fell apart as the two companies could not agree on a valuation level, according to two sources with direct knowledge of the matter who could not be named discussing confidential information. A firm bid did not emerge from Woodside following the almost two months of due diligence and negotiations that the parties undertook, one of the sources said. Woodside declined to comment on those points and Santos did not immediately respond to a request for comment. Santos said in a statement after "an initial exchange of information, sufficient combination benefits were not identified to support a merger that would be in the best interests of Santos shareholders". "We have a strong balance sheet and continue to review options to unlock value for shareholders," it said. If the merger had taken place, it would have created a major global liquefied natural gas (LNG) producer that could attract more offshore investors as gas is seen as a key bridging fuel in the shift to cleaner energy. "While the discussions with Santos did not result in a transaction, Woodside considers that the global LNG sector provides significant potential for value creation," Woodside CEO Meg O’Neill said in a statement. Woodside had faced pressure from some investors not to pay a premium for Santos in what would have been one of the largest corporate takeovers in Australian history. "Woodside's decision to walk away is a relief," said Simon Mawhinney, chief investment officer at Allan Gray which holds A$700 million worth of Woodside stock. The fund last week wrote to management warning against pursuing a deal. "We had hoped this would be the outcome," Mawhinney said. "It was unclear to us where there was much merit in a tie up. It further cements our view about Woodside's capital discipline".
お知らせ • Jan 25Santos Limited, Annual General Meeting, Apr 11, 2024Santos Limited, Annual General Meeting, Apr 11, 2024.
Major Estimate Revision • Jan 22Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$0.486 to US$0.435 per share. Revenue forecast steady at US$5.97b. Net income forecast to shrink 16% next year vs 13% decline forecast for Oil and Gas industry in Australia. Consensus price target broadly unchanged at AU$8.90. Share price fell 2.2% to AU$7.66 over the past week.
お知らせ • Jan 09Santos Limited Announces Company Secretary ChangesSantos Limited announced the appointment of Amelia Senneck as Company Secretary effective 9 January 2024. The appointment coincides with Amanda Devonish's resignation as Company Secretary.
お知らせ • Dec 07Woodside Energy Response to Media SpeculationIn response to recent media speculation, Woodside Energy Group Ltd. (ASX:WDS) confirmed it is in discussions regarding a potential merger with Santos Limited (ASX:STO). Discussions remain confidential and incomplete, and there is no certainty that the discussions will lead to a transaction. As a global energy company, Woodside continuously assesses a range of opportunities to create and deliver value for shareholders. Woodside will continue to update the market in accordance with its continuous disclosure obligations.
Buying Opportunity • Nov 02Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.9%. The fair value is estimated to be AU$9.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings is also forecast to grow by 3.7% per annum over the same time period.
お知らせ • Oct 19+ 5 more updatesSantos Limited to Report Fiscal Year 2024 Results on Aug 21, 2024Santos Limited announced that they will report fiscal year 2024 results on Aug 21, 2024
Recent Insider Transactions • Sep 10MD, CEO & Director recently sold AU$4.7m worth of stockOn the 8th of September, Kevin Gallagher sold around 599k shares on-market at roughly AU$7.78 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kevin has been a net seller over the last 12 months, reducing personal holdings by AU$6.7m.
お知らせ • Sep 01Santos Limited Announces Dividend for the Six Months Ended June 30, 2023 Payable on September 28, 2023Santos Limited announced actual ordinary fully paid dividend of USD 0.08700000 per share for the six months ended June 30, 2023. The dividend is payable on September 28, 2023 with record date of August 29, 2023 and ex-date of August 28, 2023.
お知らせ • Aug 25CPC Reportedly Set for Dorado StakeCPC Corporation, Taiwan is being tipped as the most likely buyer of an additional stake in the Dorado oil and gas project off the coast of Western Australia. Owner Santos Limited (ASX:STO) is understood to have had four or five parties in a data room, in a process run by investment bank Goldman Sachs. Among them are believed to be Kufpec (Kuwait Foreign Petroleum Exploration Company K.S.C.) and at least one Japanese suitor, with Mitsui & Co., Ltd. (TSE:8031) and Mitsubishi Corporation (TSE:8058) likely candidates. Other likely parties are Tokyo Gas Co.,Ltd. (TSE:9531), Osaka Gas Co., Ltd. (TSE:9532) and Jadestone Energy plc (AIM:JSE). But the latest chatter in the market is that Santos is pinning its hopes on CPC investing further. CPC recently finalised a deal with Carnarvon, the other owner of the project, to buy a 10% interest in Dorado and its Pavo project for an all-up payment of $146 million. Santos has an 80% interest in Dorado and the thinking in the market is that it remains keen to reduce that exposure to about 60%. Azure Capital-advised Carnarvon Energy was the only other holder before CPC bought in. Dorado, once owned by Woodside Petroleum and later Quadrant Energy before it was purchased by Santos, is an integrated oil and gas project that will be developed in two phases. It is located in the Bedout sub-basin, about 140km off the coast of WA's Port Hedland.
Reported Earnings • Aug 24First half 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFirst half 2023 results: EPS: US$0.24 (down from US$0.35 in 1H 2022). Revenue: US$2.97b (down 21% from 1H 2022). Net income: US$790.0m (down 32% from 1H 2022). Profit margin: 27% (down from 31% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 3.2%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.1% decline forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 23Santos Limited Announces Estimated Ordinary Dividend for the Six Months Ended June 30, 2023, Payable on September 28, 2023Santos Limited announced estimated ordinary fully paid dividend of USD 0.08700000 per share for the six months ended June 30, 2023. The dividend is payable on September 28, 2023 with record date of August 29, 2023 and ex-date of August 28, 2023.
お知らせ • Jul 25Santos Reportedly Shortlists Bidders for Dorado ProjectSantos Limited (ASX:STO) Santos is believed to have shortlisted bidders for round two in the contest for a stake in its Dorado project in Western Australia. It is understood that a stake of about 25%, expected to be worth about $500 million, is on offer through investment bank Goldman Sachs. Among those in the race is Kuwait Foreign Petroleum Exploration Company K.S.C. (Kufpec), and the sale process has drawn interest from Southeast Asia. Santos owns 80% of the project, with Azure Capital-advised Carnarvon Energy the remaining holder. Carnarvon sold a 10% stake to Taiwan's CPC for $146 million in February. Sources have suggested that Taiwan's CPC might increase its interest, and Indian companies could consider an acquisition. Dorado is an integrated oil and gas project that will be developed in two phases. The Dorado and Pavo fields are estimated to contain gross 2C recoverable contingent resources of 189 million barrels of liquids and 401 petajoules of gas.
Major Estimate Revision • Jul 21Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$6.16b to US$6.04b. EPS estimate also fell from US$0.569 per share to US$0.509 per share. Net income forecast to shrink 25% next year vs 23% decline forecast for Oil and Gas industry in Australia. Consensus price target broadly unchanged at AU$8.93. Share price was steady at AU$7.73 over the past week.
お知らせ • Jul 12Santos Limited Announces Resignation of Jodie Hatherly as Company Secretary, Effective 31 July 2023Santos Limited announced that Jodie Hatherly has resigned as a company secretary, effective 31 July 2023. Amanda Devonish remains as company secretary.
お知らせ • Feb 09Santos Limited Announces John Brookes Resumes ProductionSantos announced that gas production has resumed from the John Brookes platform, offshore Western Australia, and is expected to ramp-up to full rates in the coming days. Production was suspended in late-November to allow for repairs following the identification of a small leak on the main gas trunkline connecting John Brookes to the Varanus Island gas processing facilities.
お知らせ • Nov 29Santos Limited Announces Temporary Shutdown of John Brookes PlatformSantos advised that a small gas leak has been identified in a subsea flange on the main gas trunkline from the John Brookes platform, offshore Western Australia to the Varanus Island gas processing facilities. The observation of the leak occurred during routine activities on the normally un-staffed facility. The platform and pipeline were immediately shutdown and depressurised and all personnel demobilised. Santos has notified all relevant regulatory bodies. Santos is working with customers and other parties to manage gas supply arrangements while the leak is repaired. At this stage, it is expected repairs will take approximately four to six weeks to return to full production. Varanus Island will continue producing at reduced rates and no changes to Santos' previously communicated production market guidance is anticipated.
お知らせ • Nov 08Santos Limited Provides Production Guidance for the Fiscal Year 2022 and 2023Santos Limited provided production guidance for the fiscal year 2022 and 2023. For the year 2022, the company expects production guidance is maintained at 103 million -106 million barrels of oil equivalent (mmboe) and sustaining capital expenditure guidance is maintained at approximately USD 1.1 billion.For the year 2023, the company expects Production in 2023 is expected to be in the range of 91-98 mmboe, influenced by the end-of field-life at Bayu-Undan, timing of completion of the expected sell-down of a 5% stake in PNG LNG and lower Western Australia domestic gas production.
お知らせ • Sep 27Kumul Petroleum Holdings Limited made a binding conditional offer to acquire 5% stake in PNG LNG project from Santos Limited (ASX:STO)Kumul Petroleum Holdings Limited made a binding conditional offer to acquire 5% stake in PNG LNG project from Santos Limited (ASX:STO) on September 27, 2022. Under the terms of transaction, Kumul Petroleum to acquire a project interest in PNG LNG for asset value of $1.4 billion, including a proportionate share of project finance debt of approximately $0.3 billion & to secure the Offer, Kumul has paid an amount of $55 million to Santos which will be held in escrow to be released to Santos as a deposit for part payment of the Offer price if it accepts the Offer. Kumul is existing partner in the PNG LNG projectFollowing the transaction, Santos would maintain a 37.5 per cent interest in this world-class project. As part of the proposed transaction, Santos and Kumul will negotiate a Heads of Agreement. The Offer is conditional on Kumul obtaining the waivers of certain pre-emptive rights by each other PNG LNG project participant under the project operating agreement to allow the transaction to proceed. The Offer is expressed to be irrevocable. Completion will be subject to customary conditions including necessary regulatory approvals and Kumul securing financing. The proposed transaction will have an effective date of December 31, 2022, with Santos to retain all 2022 cash flows. JB North & Co is acting as financial adviser and Allens is acting as legal adviser to Santos
Recent Insider Transactions • Sep 20Independent Non-Executive Director recently bought AU$78k worth of stockOn the 13th of September, Janine McArdle bought around 10k shares on-market at roughly AU$7.76 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$2.5m more in shares than they bought in the last 12 months.
