Santos Ltd. Reports Q4 Production of 22.3 Million Barrels
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: NASDAQ.COM
- Production Growth: Santos Ltd. reported a fourth-quarter production of 22.3 million barrels of oil equivalent, up from 21.5 million barrels last year, indicating the company's ongoing efforts to enhance capacity.
- Sales Volume Increase: The total sales volume for the fourth quarter reached 24.8 million barrels, an increase from 23.6 million barrels in the prior year, reflecting a recovery in market demand and the effectiveness of the company's sales strategies.
- Revenue Decline: Despite the increase in sales volume, quarterly sales revenue fell to $1.23 billion from $1.40 billion in the previous year, highlighting the negative impact of market price fluctuations on revenue.
- Future Outlook: The company projects production volumes for fiscal year 2025 to be between 87 million and 88 million barrels, with sales volumes expected to range from 93 million to 94 million barrels, indicating a cautiously optimistic outlook for future growth.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
