What was Santos' underlying profit for the first half of the year, and how did it compare to analyst expectations and the prior-year period?

Santos reported an underlying profit of $397 million for the six-month period ended June 30, which beat Visible Alpha's consensus estimate of $337.13 million and declined from $508 million a year earlier.

What is Santos' forecast for second-half production growth, and what projects are driving that increase?

Santos forecasts second-half production to be about 20% to 30% higher than in the first half, driven by the ramp-up of its Barossa and Pikka projects, despite challenges during final commissioning and ramp-up stages.

Energy Producer Santos Beats Profit Estimates, Sees Second-Half Output Up 20%-30%

Aug 18, 2026

Australian oil and gas producer Santos beat H1 profit estimates and forecasted a 20%-30% production increase in the second half due to project ramp-ups. Stronger LNG pricing is expected to further boost cash flow following regional conflict disruptions.

reuters

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