Earnings Data
Report Date
Aug 19, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.16Last Year’s EPS
0.14Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive tone: Santos demonstrated strong cash generation, robust balance sheet metrics, industry-leading safety and reliability, successful delivery of major projects (Barossa, Moomba CCS), and clear mid-term growth optionality (Beetaloo, Bedout, Papua). Operational setbacks (Barossa commissioning issues), regional disruption (Cooper flood), higher-than-expected costs on Pikka, and sensitivity to commodity prices and all-in breakeven in 2025 were acknowledged but framed as manageable within a disciplined capital framework. Overall, the highlights notably outweigh the lowlights.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 exceeded $4.9 billion and gross profit margin was 33.7%.
Disciplined Balance Sheet and Liquidity
Gearing finished the year at 26.9% including leases (21.5% excluding leases). Approximately $4.3 billion of liquidity (cash + undrawn facilities). Early repayment of PNG LNG project financing and successful $1 billion 10-year bond issuance strengthened funding profile.
Shareholder Returns and Dividend Growth
Total dividends of $770 million for 2025; final dividend declared $0.0103 per share (equivalent to 48% of H2 free cash flow from operations). Total returned to shareholders $0.0237 per share, representing 43% of free cash flow from operations. Compound annual dividend growth >13% over the last 7 years.
Low-Cost Operating Model and Unit Cost Improvement
Record low unit production cost of $6.78 per BOE (lowest in a decade). Overall unit production costs improved by ~5% year-on-year. Company targeting sub-$7 per BOE ongoing and an all-in free cash flow breakeven target of $45–$50 per barrel.
Operational Reliability and Safety
Outstanding safety outcomes with personal/process safety in top quartile; lowest lost time injury rate and record low TRIR. High facility reliability: GLNG plant >99.5% reliability, PNG LNG plant at capacity and averaging 8.6 mtpa run rate, Varanus Island ~99% reliability.
Delivery of Major Projects and Decarbonisation Progress
Barossa delivered within ~6 months of original planned start date without additional budget contingency and has started production (ramping to full rates). Moomba CCS Phase 1 delivered >900,000 ACCUs and Santos has already achieved its 2030 emissions target. Pikka Phase 1 achieved mechanical completion in January with ramp to plateau expected mid-year.
Operational Scale and Drilling Performance
296 wells drilled globally in 2025. Exceptional Alaska drilling performance (26 wells to date), record 10,000-foot horizontal section and combination wells delivering cost/time efficiencies. 20 development wells flowed back with expected average start-up rates ~7,000 bpd per well; one well showing ~8,000 bpd.
Portfolio and Growth Optionality
Diverse inventory: ~4.7 billion boe of reserves & contingent resources, 17-year 2P reserves life (10-year 1P). Appraisal programs planned in Beetaloo and Bedout with potential material resource additions; company expects production between 100–120 mmboe in near term and ~25% production uplift by 2027 from Barossa + Pikka.
Cost Savings and Efficiency Targets
Delivered ~$50 million of savings in 2025 and targeting an annual savings run rate of $150 million. Operational initiatives (e.g., IROC) expected to deliver recurring savings (~$5.5 million p.a.) and other maintenance/supply chain initiatives contributed incremental savings.
DE:STS 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
DE:STS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | €3.75 | €3.69 | -1.57% |
Feb 18, 2025 | €3.71 | €3.54 | -4.53% |
Aug 20, 2024 | €4.12 | €3.92 | -4.86% |
Feb 20, 2024 | €4.03 | €4.03 | 0.00% |
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 (DE:STS) report earnings?
Santos Limited (DE:STS) is schdueled to report earning on Aug 19, 2026, TBA (Confirmed).
What is Santos Limited (DE:STS) earnings time?
Santos Limited (DE:STS) earnings time is at Aug 19, 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 the P/E ratio of Santos Limited stock?
The P/E ratio of Santos is N/A.
What is DE:STS EPS forecast?
DE:STS EPS forecast for the fiscal quarter 2026 (Q2) is 0.16.