Santos Limited (STOSF)
OTHER OTC:STOSF
Earnings Data
Report Date
Aug 25, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.27Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized substantial operational and financial strengths: record-low unit costs, strong cash generation, robust liquidity, successful delivery of Barossa and other execution highlights, and progress across CCS and growth portfolios. Challenges cited were primarily near-term and operational (Barossa commissioning issues, regional inflation-driven project cost pressure, Cooper Basin flood impacts) and appraisal/longer-term development risks (Beetaloo economics). Management presented clear mitigation actions, conservative guidance (all-in breakeven target of $45–$50/boe), and a pathway to stronger free cash flow sensitivity once Barossa and Pikka reach plateau, indicating the positives meaningfully outweigh the negatives.Company Guidance
Strong cash generation and profitability
Free cash flow from operations of $1.8 billion, EBITDAX of $3.4 billion and underlying profit after tax of $898 million; product sales revenue over $4.9 billion and gross profit margin of 33.7%.
Record low unit production cost
Unit production cost of $6.78 per BOE — the lowest in a decade; management target remains < $7 per BOE and delivered a 5% reduction in unit production costs year-on-year.
Robust balance sheet and liquidity
Gearing 26.9% including leases (21.5% excluding leases); approximately $4.3 billion liquidity (cash + undrawn facilities); completed a $1 billion 10-year bond and fully repaid PNG LNG project financing early.
Strong shareholder returns
Total dividends for 2025 of $770 million (final dividend $0.0103 per share); total returned to shareholders $0.0237 per share, representing 43% of free cash flow from operations; final dividend equals 48% of H2 free cash flow.
Project delivery and operational reliability
Barossa delivered within ~6 months of original planned start date and without additional budget contingency; PNG LNG at capacity and GLNG plant reliability >99.5%; Varanus Island averaged 99% reliability.
Progress on major developments
Mechanical completion of Pikka Phase 1 achieved (Jan); Barossa and Pikka together expected to lift production by ~25% by 2027; ramp to plateau targeted in coming weeks (Barossa) and around mid-year (Pikka).
Drilling & operational execution
296 wells drilled globally in 2025; record 8,200m horizontal well in Alaska; successful combination wells and triple-lateral CSG well; 20 development wells flowed back (10 producers) with average expected start-up ~7,000 bpd per well; a top well expected ~8,000 bpd.
Emissions and CCS progress
Received >900,000 ACCUs for Moomba CCS Phase 1, Santos has achieved its 2030 emissions target and is advancing Bayu-Undan CCS FID readiness and Northern Australia CCS hub work.
Portfolio scale and resources
Diversified resource base with ~4.7 billion BOE of reserves & contingent resources, 17-year 2P reserves life and 10-year 1P life; targeting production range 100–120 million BOE in the near term.
Cost savings and efficiency programs
Delivered ~$50 million of savings in 2025 and targeting $150 million annual run rate; implemented IROC delivering ~AUD 5.5 million annual savings; upstream PNG production costs decreased $0.34/BOE vs 2024.
STOSF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
STOSF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $4.42 | $4.59 | +3.90% |
Feb 18, 2025 | $3.63 | $3.86 | +6.31% |
Aug 20, 2024 | $4.76 | $4.57 | -3.99% |
Feb 20, 2024 | $4.16 | $4.16 | -0.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Santos Limited (STOSF) report earnings?
Santos Limited (STOSF) is schdueled to report earning on Aug 25, 2026, TBA (Confirmed).
What is Santos Limited (STOSF) earnings time?
Santos Limited (STOSF) earnings time is at Aug 25, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STOSF EPS forecast?
STOSF EPS forecast for the fiscal quarter 2026 (Q2) is 0.27.