Earnings Alerts

Santos Ltd (STO) Earnings Fall Short: 1H Net Income Misses Estimates by 19%

  • Net income: $636 million, down 19% year-over-year, lower than the estimate of $780.8 million.
  • Underlying profit: $654 million, down 18% year-over-year, slightly missing the estimate of $670.3 million.
  • Interim dividend per share: 13 cents.
  • Ebitdax (Earnings before interest, taxes, depreciation, amortization, and exploration expenses): $1.85 billion, down 13% year-over-year.
  • Ebitdax by region:
    • Cooper Basin: $200 million, down 13% year-over-year.
    • Queensland & NSW: $402 million, up 1.5% year-over-year.
    • PNG: $1.02 billion, down 16% year-over-year.
    • Northern Australia & Timor-Leste: $3 million, down 95% year-over-year.
    • Western Australia: $267 million, up 6% year-over-year.
  • Free cash flow: $1.07 billion.
  • Year forecast:
    • Production: Still expected at 84 to 90 million barrels of oil equivalent (mmboe).
    • Sales volume: Still expected at 87 to 93 mmboe.
  • Analyst recommendations: 11 buys, 4 holds, 1 sell.

A look at Santos Ltd Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts reviewing Santos Ltd‘s long-term outlook using the Smartkarma Smart Scores indicate a positive overall perspective. With solid scores across Value, Dividend, Growth, and Momentum, the company demonstrates strength in key areas that drive long-term success. An analysis of the provided scores reveals a promising outlook for Santos Ltd, suggesting a favorable trajectory for investors seeking stability and potential growth in the energy sector.

Santos Limited, a company engaged in the exploration and production of natural gas, crude oil, and other petroleum products, operates across various regions including Australia, the United States, Indonesia, and Papua New Guinea. Despite facing challenges in Resilience, the company’s robust performance in Value, Dividend, Growth, and Momentum aspects positions it well for sustained success in the evolving energy market landscape.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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