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Santos Limited ( (AU:STO) ) just unveiled an announcement.
Santos reported a strong fourth quarter and full-year 2025 performance, with free cash flow from operations of about $380 million in the quarter and roughly $1.8 billion for the year, supported by higher production, increased sales volumes and over $4.9 billion in annual sales revenue. Unit production costs stayed below $7 per barrel of oil equivalent, gearing fell to 26.8 per cent, and operational recovery in the Cooper Basin, higher Western Australia domestic gas output, record GLNG field performance and ongoing Moomba CCS delivery underscored the strength of its base business. The Barossa LNG project has moved into export mode with its first LNG cargo now loading at Darwin for delivery to Japan, while Pikka Phase 1 in Alaska is 98 per cent complete and on track for first oil in late first quarter 2026 despite a modest cost increase due to inflation and logistics, positioning Santos for near-term production growth. Disciplined capital management was reflected in a $1 billion bond issue, early closure of PNG LNG project finance, and divestments of several non-core gas and offshore fields, allowing Santos to recycle capital while sharpening its focus on core growth and LNG portfolio opportunities.
The most recent analyst rating on (AU:STO) stock is a Hold with a A$6.55 price target. To see the full list of analyst forecasts on Santos Limited stock, see the AU:STO Stock Forecast page.
More about Santos Limited
Santos Limited is an Australian oil and gas producer with a portfolio spanning LNG, domestic gas and liquids projects across Australia, Papua New Guinea and Alaska. The company focuses on supplying LNG to Asian markets, domestic gas to Australian industry and households, and is increasingly investing in carbon capture and storage to support lower-emissions energy solutions.
Average Trading Volume: 8,529,324
Technical Sentiment Signal: Sell
Current Market Cap: A$19.9B
Find detailed analytics on STO stock on TipRanks’ Stock Analysis page.

