Australia's Santos hits over four-year high on half-year results, outlook

Santos

19/08/2026 04:28

Updates
** Shares of Santos STO.AX rise as much as 3.8% to A$8.42, hitting their highest level since June 10, 2022
** Stock posts its strongest intraday session since August 11
** The energy producer reports smaller-than-expected drop in H1 underlying profit to $397 million
** Declares an interim dividend of 11.6 cents per share
** Expects production in H2 to be about 20% to 30% higher than in H1
** Company reiterates overall annual production forecast in range of 99 million barrels of oil equivalent (boe) to 105 million boe
** "The stronger-than-anticipated interim div highlights the Board's comfort & expectation of a strong 2H outlook & performance," UBS says
** Stock up nearly 35% YTD, including the session's moves

 (Reporting by Shivangi Lahiri & Rajasik Mukherjee in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))