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Santos Limited ( (AU:STO) ) has issued an update.
Santos Limited reported a robust financial performance in the fourth quarter of 2024, with sales revenue surpassing US$1.4 billion and free cash flow reaching approximately US$430 million. The company completed significant transactions, including the sale of a stake in PNG LNG and securing long-term LNG supply agreements with major partners. The Moomba Carbon Capture and Storage project reached full operational capacity, storing substantial CO2 emissions, thereby reinforcing the company’s commitment to decarbonization. Santos continues to progress its major development projects, Barossa and Pikka, aiming for completion within the designated timelines and cost guidance. The year also saw successful execution of LNG contracts and strategic expansions, enhancing Santos’ market position and shareholder value.
More about Santos Limited
Santos Limited is a prominent energy company primarily engaged in the production and supply of natural gas and liquefied natural gas (LNG). The company is strategically positioned to cater to the Asia Pacific region’s energy demands, focusing on delivering lower cost and lower carbon LNG.
YTD Price Performance: 3.40%
Average Trading Volume: 12,682
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.47B
See more insights into STO stock on TipRanks’ Stock Analysis page.
