Santos Limited (SSLZY) Stock: Price, Forecast & Analyst Target
Santos Limited (SSLZY) — price $6.03 (+0.67%), as of the Oct 2, 2026 trading session; market cap $19.6B. Expected results Feb 23, 2027.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 17.36× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Feb 23, 2027
Santos Limited · SSLZY · Energy · Oil & Gas Exploration & Production
Research dated 2026-09-12: Santos sells crude oil, natural gas, LNG and related hydrocarbons from asset hubs across Australia, Papua New Guinea, Timor-Leste and Alaska, while also handling development, transportation and sale. Its defining test is whether Barossa and Pikka can reach plateau and lift free cash flow quickly enough to support management’s debt-reduction plan as profitability and cash balances weaken.
Price as of Oct 2, 2026
Key Statistics
No publishable V2 score is available for this stock yet.
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $6.03 | |
| Change on the day | +0.67% | |
| 52-week range | $3.91 – $9.35 | |
| Market capitalisation | $19.6B | |
| Price / earnings (trailing) | 25.91 | |
| Shares traded on the day | 8.8K | |
| Beta (volatility vs the S&P 500) | -0.09 | |
| Dividends per share (last 12 months) | $0.22 | |
| Dividend yield (last 12 months) | 3.57% |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · below the recorded estimate
- · Earnings call · management outlook
- · Earnings results · above the recorded estimate
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
We continue to target a $2.5 billion reduction in net debt by 2030 and expect to see gearing back in towards the target range as Barossa and Pikka moved to plateau and free cash flow builds.
Lachlan Harris · Statement from
So the first half free cash flow results include a number of commissioning and timing effects that we expect to unwind through the second half and balance out over the course of the year.
Lachlan Harris · Statement from
Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsOther perspectives
Council score for Santos (SSLZY): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
9-Factor Breakdown
Legends Council
6 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 8, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Apr 29, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Apr 29, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the SSLZY film — every key number, told as a short cinematic story
~2 min · open the film
What is Santos (SSLZY), and what does it report?
Short answer · as of
Santos is not merely an explorer paid to find resources. It develops producing assets and sells energy products to residential and industrial customers, with LNG, pipeline activity, marketing, trading and shipping extending its role beyond the wellhead.
Research dated 2026-09-12.
Santos is not merely an explorer paid to find resources. It develops producing assets and sells energy products to residential and industrial customers, with LNG, pipeline activity, marketing, trading and shipping extending its role beyond the wellhead.
What do the latest results show for Santos (SSLZY)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $2.68B.
Research dated 2026-09-12.
The latest reporting period brought a revenue rebound, but gross profit, operating profit, net income and earnings per share all declined. Higher sales therefore converted into weaker earnings, continuing the broader retreat from the unusually strong results earlier in the annual history.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $2.68B Jun 30, 2026
- Latest quarter · SG&A
- $74.25M Jun 30, 2026
- Latest quarter · FMP standardized operating result
- $429.43M Jun 30, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jun 30, 2026 | $2.68B | Not available | $74.25M | $429.43M |
| Dec 31, 2025 | $2.43B | Not available | $89.15M | $636.10M |
| Jun 30, 2025 | $2.58B | Not available | $20.00M | $860.00M |
| Dec 31, 2024 | $2.69B | Not available | $121.00M | $639.00M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $2.62B Aug 18, 2026
- Latest report · revenue estimate
- $2.70B Aug 18, 2026
- Latest report · revenue vs estimate
- Below estimate Aug 18, 2026
- Latest report · EPS vs estimate
- Above estimate Aug 18, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Aug 18, 2026 | $2.62B | $2.70B | $0.1090 | $0.1053 |
| Feb 16, 2026 | $2.36B | $2.44B | $0.1170 | $0.1261 |
| Aug 24, 2025 | $2.66B | $1.28B | $0.1562 | $0.1430 |
| Feb 17, 2025 | $2.74B | $1.29B | $0.1700 | $0.1815 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $2.68B | $356M | $0.11 (diluted) |
| Q4 FY2025 | $2.43B | $380M | $0.12 (diluted) |
| Q2 FY2025 | $2.58B | $439M | $0.14 (diluted) |
| Q4 FY2024 | $2.69B | $588M | $0.18 (diluted) |
What are the financial strengths and risks for Santos (SSLZY)?
Short answer
Cash and short-term investments were $1.13B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $738.46M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-12.
Operating cash flow has remained positive, yet capital spending absorbed most of it in the latest period and the residual cash generation narrowed. Cash and short-term investments have declined materially across the reported history, while debt remains far above readily available cash and investments.
Data-derived red flags
- Inconsistent delivery — missed Wall Street EPS estimates in 4 of the last 8 reported quarters.
- Rich valuation — a P/E of 25.91 runs well above the Energy sector’s ~14.90x, leaving little room for a miss.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $738.46M Jun 30, 2026
- Previous quarter · operating cash flow
- $1.15B Dec 31, 2025
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jun 30, 2026 | $738.46M | −$671.24M |
| Dec 31, 2025 | $1.15B | −$949.04M |
| Jun 30, 2025 | $1.55B | −$1.04B |
| Dec 31, 2024 | $1.41B | −$1.23B |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Santos (SSLZY)?
Short answer · as of
The next earnings report is expected on Feb 23, 2027.
Research dated 2026-09-12.
Barossa and Pikka should be judged through cash conversion rather than commissioning milestones alone. Watch for a wider gap between operating cash flow and capital spending, stabilization in the cash balance, and visible progress toward lower net debt as production approaches plateau.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
We continue to target a $2.5 billion reduction in net debt by 2030 and expect to see gearing back in towards the target range as Barossa and Pikka moved to plateau and free cash flow builds.
Lachlan Harris ·
So the first half free cash flow results include a number of commissioning and timing effects that we expect to unwind through the second half and balance out over the course of the year.
Lachlan Harris ·
What the records here don't tell us
- No insider Form 4 transaction falls inside the window this page reads.
Checked against the records this page reads, on the dates shown above.
How is Santos scored?
Research dated 2026-09-12.
Compared with a basin-focused producer, Santos combines geographically dispersed upstream hubs with LNG, domestic gas, transport and sales activity. That breadth changes where operational setbacks can arise, but it does not remove exposure to realized hydrocarbon prices, production volumes and heavy development spending.
| Company | Price | Market value | Score |
|---|---|---|---|
| $86.83 Oct 5, 2026 | $221B | — 5-pillar · not comparable | |
| $95.65 Oct 5, 2026 | $156B | — 5-pillar · not comparable | |
| $86.43 Oct 5, 2026 | $20.1B | — 5-pillar · not comparable | |
| $22.23 Oct 5, 2026 | $18.3B | — 5-pillar · not comparable | |
| $60.95 Oct 5, 2026 | $16.9B | — 5-pillar · not comparable | |
| $344.67 Oct 5, 2026 | $23.8B | — 5-pillar · not comparable | |
| $43.85 Oct 5, 2026 | $15.5B | — 5-pillar · not comparable | |
| $51.12 Oct 5, 2026 | $32.0B | — 5-pillar · not comparable | |
| $34.69 Oct 5, 2026 | $10.7B | — 5-pillar · not comparable | |
| $21.77 Oct 5, 2026 | $41.5B | — 5-pillar · not comparable | |
| $38.67 Oct 5, 2026 | $9.04B | — 5-pillar · not comparable | |
| $35.05 Oct 5, 2026 | $8.43B | — 5-pillar · not comparable |
The comparison model is unavailable. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $7.30 – $7.30
- Consensus target
- $7.30
- Median target
- $7.30
Consensus record · Captured .
Measured against a quoted price of $6.03 (as of Oct 2, 2026).
What has been published about Santos (SSLZY)?
Santos Energy Stock: Key Questions Answered
Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.
Why do Barossa and Pikka matter to Santos?
Management expects production at plateau from Barossa and Pikka to build free cash flow, bring gearing toward its target range and enable net-debt reduction. Until that cash arrives, the shrinking cash balance and substantial debt load make execution especially important.
Why did Santos revenue rise while profit fell?
The latest period paired higher revenue with lower gross, operating and net results, showing weaker conversion of sales into earnings. Management linked subdued free cash flow to commissioning and timing effects expected to unwind, a narrower explanation than the observed profit compression.
What does Santos sell besides LNG?
Its portfolio includes crude oil, natural gas, liquefied petroleum gas, ethane, methane, coal seam gas, shale gas and condensate. Santos also participates in transportation and sale, so reported revenue reflects a broader hydrocarbon chain than LNG exports alone.
Can Santos fund its dividend while developing Barossa and Pikka?
Recent operations generated cash beyond capital spending, but the cushion narrowed and cash reserves continued to fall while distributions remained active. Dividend resilience therefore rests on the expected improvement in free cash flow as the projects move toward plateau.
What is the SSLZY stock price today?
The last price recorded on this page for Santos Limited (SSLZY) is $6.03, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the SSLZY price target?
The analyst consensus price target for Santos Limited (SSLZY) is $7.30 (range $7.30 to $7.30, median $7.30), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (67 figures)
The 67 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 1 fact from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
prod.outlook | Management outlook — call excerpts | Lachlan Harris (Aug 18, 2026): We continue to target a $2.5 billion reduction in net debt by 2030 and expect to see gearing back in towards the target range as Barossa and Pikka moved to plateau and free cash flow builds. Lachlan Harris (Aug 18, 2026): So the first half free cash flow results include a number of commissioning and timing effects that we expect to unwind through the second half and balance out over the course of the year. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. |
FMP — 59 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Feb 23, 2027 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $6.03 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T08:54:41.584Z. | |
px.change | Change on the day | +0.67% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $19.6B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:00.000Z. Captured from FMP at 2026-10-05T08:54:40.464Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | +$0.04 | FMP | Financial Modeling Prep (FMP) · quote | |
px.pe | Price / earnings (trailing) | 25.91 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 8.8K | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | -0.09 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | Kevin Thomas Gallagher FIEAust | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 4,028 | FMP | Financial Modeling Prep (FMP) company profile | |
id.hq | Headquarters | Santos Centre, Adelaide, SA, 5000, AU | FMP | Financial Modeling Prep (FMP) company profile | |
fin.q_revenue | Revenue, Q2 FY2026 | $2.68B | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2021 through FY2025: FY2021 revenue $4.71B, net result $658.00M; FY2022 revenue $7.79B, net result $2.11B; FY2023 revenue $5.89B, net result $1.42B; FY2024 revenue $5.40B, net result $1.22B; FY2025 revenue $5.09B, net result $818.86M | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.gross_margin | Gross margin (trailing twelve months) | 24.6% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-06-30.revenue_k | Revenue — period end 2026-06-30 | $2.68B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.sga_k | SG&A — period end 2026-06-30 | $74.25M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.operating_result_k | FMP standardized operating result — period end 2026-06-30 | $429.43M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.revenue_k | Revenue — period end 2025-12-31 | $2.43B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.sga_k | SG&A — period end 2025-12-31 | $89.15M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.operating_result_k | FMP standardized operating result — period end 2025-12-31 | $636.10M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-06-30.revenue_k | Revenue — period end 2025-06-30 | $2.58B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-06-30.sga_k | SG&A — period end 2025-06-30 | $20.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-06-30.operating_result_k | FMP standardized operating result — period end 2025-06-30 | $860.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2024-12-31.revenue_k | Revenue — period end 2024-12-31 | $2.69B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2024-12-31.sga_k | SG&A — period end 2024-12-31 | $121.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2024-12-31.operating_result_k | FMP standardized operating result — period end 2024-12-31 | $639.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-08-18.revenue_actual | Revenue · reported — report date 2026-08-18 | $2.62B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-18.revenue_estimated | Revenue · estimate — report date 2026-08-18 | $2.70B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-18.eps_actual | EPS · reported — report date 2026-08-18 | $0.1090 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-18.eps_estimated | EPS · estimate — report date 2026-08-18 | $0.1053 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-16.revenue_actual | Revenue · reported — report date 2026-02-16 | $2.36B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-16.revenue_estimated | Revenue · estimate — report date 2026-02-16 | $2.44B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-16.eps_actual | EPS · reported — report date 2026-02-16 | $0.1170 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-16.eps_estimated | EPS · estimate — report date 2026-02-16 | $0.1261 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-08-24.revenue_actual | Revenue · reported — report date 2025-08-24 | $2.66B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-08-24.revenue_estimated | Revenue · estimate — report date 2025-08-24 | $1.28B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-08-24.eps_actual | EPS · reported — report date 2025-08-24 | $0.1562 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-08-24.eps_estimated | EPS · estimate — report date 2025-08-24 | $0.1430 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-02-17.revenue_actual | Revenue · reported — report date 2025-02-17 | $2.74B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-02-17.revenue_estimated | Revenue · estimate — report date 2025-02-17 | $1.29B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-02-17.eps_actual | EPS · reported — report date 2025-02-17 | $0.1700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-02-17.eps_estimated | EPS · estimate — report date 2025-02-17 | $0.1815 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $1.13B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $738.46M | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $526.00M | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $7.35B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 1.23× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-06-30.operating_cash_flow_m | Operating cash flow — period end 2026-06-30 | $738.46M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.operating_cash_flow_m | Operating cash flow — period end 2025-12-31 | $1.15B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-06-30.capex_m | Capital expenditure (reported) — period end 2026-06-30 | −$671.24M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.capex_m | Capital expenditure (reported) — period end 2025-12-31 | −$949.04M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-06-30.operating_cash_flow_m | Operating cash flow — period end 2025-06-30 | $1.55B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-06-30.capex_m | Capital expenditure (reported) — period end 2025-06-30 | −$1.04B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2024-12-31.operating_cash_flow_m | Operating cash flow — period end 2024-12-31 | $1.41B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2024-12-31.capex_m | Capital expenditure (reported) — period end 2024-12-31 | −$1.23B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $7.30 – $7.30 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $7.30 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $7.30 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied |
UNRECORDED — 2 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
px.range52 | 52-week range | $3.91 – $9.35 | UNRECORDED | Stored company-profile observation — Captured 2026-10-03 | |
earn.history | Reported versus estimated, recent quarters | EPS beat 3 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-08-21 · Expired observation |
COMPUTED — 5 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 17.36× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $1.13B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio. |
div.ttm_per_share | Dividends per share, last 12 months (split-adjusted) | $0.22 | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history — Sum of 2 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-05, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate. | |
div.ttm_yield | Dividend yield, last 12 months | 3.57% | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate. | |
earn.history.depth.2026-08-18.revenue_actual.comparison | Latest report · revenue vs estimate | Below estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($2.62B) with the recorded estimate ($2.70B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-08-18.eps_actual.comparison | Latest report · EPS vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.1090) with the recorded estimate ($0.1053) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
Fact-family notes
- Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-06-30.revenue_k,fin.q_table.depth.2026-06-30.sga_k,fin.q_table.depth.2026-06-30.operating_result_k,fin.q_table.depth.2025-12-31.revenue_k,fin.q_table.depth.2025-12-31.sga_k,fin.q_table.depth.2025-12-31.operating_result_k,fin.q_table.depth.2025-06-30.revenue_k,fin.q_table.depth.2025-06-30.sga_k,fin.q_table.depth.2025-06-30.operating_result_k,fin.q_table.depth.2024-12-31.revenue_k,fin.q_table.depth.2024-12-31.sga_k,fin.q_table.depth.2024-12-31.operating_result_k. - Earnings-history note. Source series as of 2026-08-18. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-08-18.revenue_actual,earn.history.depth.2026-08-18.revenue_estimated,earn.history.depth.2026-08-18.revenue_actual.comparison,earn.history.depth.2026-08-18.eps_actual.comparison,earn.history.depth.2026-08-18.eps_actual,earn.history.depth.2026-08-18.eps_estimated,earn.history.depth.2026-02-16.revenue_actual,earn.history.depth.2026-02-16.revenue_estimated,earn.history.depth.2026-02-16.eps_actual,earn.history.depth.2026-02-16.eps_estimated,earn.history.depth.2025-08-24.revenue_actual,earn.history.depth.2025-08-24.revenue_estimated,earn.history.depth.2025-08-24.eps_actual,earn.history.depth.2025-08-24.eps_estimated,earn.history.depth.2025-02-17.revenue_actual,earn.history.depth.2025-02-17.revenue_estimated,earn.history.depth.2025-02-17.eps_actual,earn.history.depth.2025-02-17.eps_estimated. - Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-06-30.operating_cash_flow_m,fin.opcf.depth.2025-12-31.operating_cash_flow_m,fin.opcf.depth.2026-06-30.capex_m,fin.opcf.depth.2025-12-31.capex_m,fin.opcf.depth.2025-06-30.operating_cash_flow_m,fin.opcf.depth.2025-06-30.capex_m,fin.opcf.depth.2024-12-31.operating_cash_flow_m,fin.opcf.depth.2024-12-31.capex_m.
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Sources used for research written 2026-09-12
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Legal name | Santos Limited | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Business description | Santos Limited, an Australian energy company established in 1954 and based in Adelaide, is a full-spectrum operator in the hydrocarbon sector. It manages the exploration, development, production, transportation, and sale of energy resources for both residential and industrial consumers throughout Australia and the wider Asia Pacific region. The company's core operations are anchored by five major asset hubs: the Cooper Basin, Queensland and New South Wales, Papua New Guinea, Northern Australia and Timor-Leste, and Western Australia. Additionally, Santos maintains an operational presence in Alaska. Beyond its traditional oil and gas ventures, the firm actively participates in the advancement of carbon capture and storage (CCS) technologies. Its comprehensive product range encompasses crude oil, natural gas, liquefied natural gas (LNG), liquefied petroleum gas (LPG), ethane, methane, coal seam gas, shale gas, and condensate. As per its assessments, Santos possesses proved and probable reserves totaling 1,676 million barrels of oil equivalent. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Headquarters | Santos Centre, Adelaide, SA, 5000, AU | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Management outlook — dated call excerpts | Captured record · 2 entries
Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | 2026-08-18 | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Cash and short-term investments over time (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's quarterly balance sheets |
| Cash against market value | As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$6.22B; Total debt: $7.35B; Cash and investments: $1.13B Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-06-30 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Named officers | CEO: Kevin Thomas Gallagher FIEAust; Officers: Kim Lee — Title: Executive Vice President of People & Culture; Tracey Winters — Title: Chief Strategy Officer; Sean Pitt — Title: Executive Vice President of Marketing, Trading & Shipping; Steve Trench — Title: Executive Vice President of Operations & Technical Services; Amelia Jalleh — Title: Group General Counsel & SVP of Governance; Brett Anthony Darley — Title: Chief Operating Officer of Australia & PNG Upstream Oil & Gas, Pay: $1.03M, Born: 1967; Bruce Dingeman — Title: Executive VP & President of Alaska; Kevin Thomas Gallagher FIEAust MAICD — Title: MD, Chief Executive Officer & Director, Pay: $2.21M, Born: 1965 Titles and pay come from the company's proxy statement as our provider parsed it. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) |
| Sector / industry (provider taxonomy) | Energy / Oil & Gas Exploration & Production | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2025-12-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-08-18 | FMP | Financial Modeling Prep (FMP) earnings |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Cash, investments and debt | Total debt: $7.35B; Liquidity basis: cash and short-term investments; Total liabilities: $14.83B; Cash and short-term investments: $1.13B; Cash and investments: $1.66B; Long-term investments: $526.00M; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Cash and investment components | Total basis: cash short and long-term investments; Total: $1.66B; Cash and short-term investments: $1.13B; Long-term investments: $526.00M; Long-term investments classification: unclassified Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures. | 2026-06-30 | COMPUTED | Computed from the balance sheet |
| Cash decline over the reported window | To: 2026-06-30; From: 2022-12-31; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $1.13B; Decline: $1.33B; Opening balance: $2.46B; Average change per period: $190.30M Change in cash, cash equivalents and short-term investments between the 2022-12-31 and 2026-06-30 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length. | 2026-06-30 | COMPUTED | Computed from reported balances |
| Trailing twelve-month ratio set | Quick ratio: 1.17; Current ratio: 1.43; Debt to equity: 0.47; Net margin: 14.4%; Gross margin: 24.6%; Operating margin: 20.9%; Return on assets: 2.4%; Return on equity: 4.7% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Distress and quality screens | Altman Z-score: 1.86; Piotroski F-score: 6 Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) financial scores |
| Next scheduled dividend | Ex date: 2026-08-31; Declared on: 2026-08-21; Record date: 2026-08-31; Payment date: 2026-10-01; Amount per share: $0.12 Amount is per share as declared, before any withholding. Owning the share before the ex-date is what carries entitlement. | 2026-08-21 | FMP | Financial Modeling Prep (FMP) dividend calendar |
| Recent dividends paid | Captured record · 4 entries
Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here. | 2026-08-31 | FMP | Financial Modeling Prep (FMP) dividend history |
Data provided for informational purposes only.