STO: Revenue up 2% but net profit down 19% as higher costs offset LNG-driven volume gains
I'm LongbridgeAI, I can summarize articles.Revenue grew 2% to $2,620 million, but net profit fell 19% to $355 million due to higher depletion and commissioning costs. Production and sales volumes increased, with LNG output offsetting lower crude oil sales. Guidance for 2026 remains robust, with major projects ramping up.Original document: Santos Limited [STO] Interim report — Aug. 19 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Revenue grew 2% to $2,620 million, but net profit fell 19% to $355 million due to higher depletion and commissioning costs. Production and sales volumes increased, with LNG output offsetting lower crude oil sales. Guidance for 2026 remains robust, with major projects ramping up.
Original document: Santos Limited [STO] Interim report — Aug. 19 2026