- Santos’ underlying profit for the first half of the year was $508 million, surpassing the estimated $433.5 million.
- The company reported a net income of $439 million, beating the estimate of $403 million.
- An interim dividend per share was announced at 13.4 cents.
- Total Ebitdax for Santos reached $1.76 billion, with segment contributions as follows:
- Cooper Basin contributed $159 million in Ebitdax.
- Queensland and New South Wales contributed $317 million in Ebitdax.
- Papua New Guinea (PNG) contributed $1.05 billion in Ebitdax.
- Western Australia contributed $285 million in Ebitdax.
- The company generated a free cash flow of $1.09 billion.
- Analysts’ consensus shows 9 buy ratings, 5 hold ratings, and no sell ratings for Santos.
Santos Ltd on Smartkarma
Analyst coverage on Santos Ltd on Smartkarma, the independent investment research network, reveals insights from top analysts. David Blennerhassett‘s report discusses various mergers and acquisitions across Asia-Pacific, highlighting updates on Santos Ltd among other companies like Abacus Storage and PointsBet. The overall sentiment leans towards bullish as detailed spreads and news updates are provided.
In another report by Arun George, the focus is on merger arbitrage situations covering Santos Ltd, along with other companies in different regions. The sentiment remains bullish with a summary of spreads and newsflow for Santos Ltd among others, showcasing its position among the companies being analyzed. Additionally, a report by Baptista Research initiates coverage on Santos Ltd, emphasizing the company’s strong financial performance and strategic projects for future growth.
A look at Santos Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing the Smartkarma Smart Scores have assessed Santos Ltd‘s long-term outlook based on key factors. With solid scores in Value and Dividend at 4 each, Santos Ltd is showing strength in these areas for potential investors. The company’s Momentum score of 4 indicates positive market sentiment and potential growth opportunities. Although Growth scores lower at 2, Santos Ltd‘s diversified operations in natural gas and oil exploration across various regions provide stability and resilience, reflected in its Resilience score of 3.
Santos Limited, a leading player in natural gas and crude oil exploration, boasts a strong Value and Dividend score, signaling reliability and potential returns for investors. While Growth scores lower, the company’s robust performance in the market, reflected in a Momentum score of 4, suggests promising future prospects. Supported by its resilient operations across Australia, the United States, Indonesia, and Papua New Guinea, Santos Ltd remains a key player in the energy sector with a focus on consistent growth and sustainable returns for shareholders.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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