Santos

STO · ASX · AUD

$8.54+1.79%+$0.15

Close · October 2, 2026

At a glance

Revenue growth: −8.21%; 2025 vs 2024
Net income growth: −33.17%; 2025 vs 2024
Net margin: 16.6%; 2024: 22.7%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q4 2025	Q2 2025	Q4 2024	Q2 2024	Q4 2023	Q2 2023	Q4 2022	Q2 2022	Q4 2021
Total assets	30,535	30,530	29,878	29,633	29,550	29,756	28,479	28,856	29,558	30,009
Current assets	2,823	2,957	3,064	3,186	3,103	4,347	4,527	5,128	6,018	4,751
Cash and equivalents	1,129	1,722	1,830	1,833	1,659	1,875	1,840	2,352	3,279	2,976
Short-term investments	—	12.0	—	—	—	252	—	55.0	85.0	—
Receivables	1,032	741	707	843	892	932	810	879	851	995
Inventory	528	386	415	428	418	442	455	443	470	406
Net property, plant and equipment	24,572	24,674	23,400	23,112	22,978	21,972	20,627	20,494	20,297	21,647
Goodwill	—	1,250	—	1,250	—	1,250	1,190	1,190	1,336	1,463
Other intangible assets	1,335	59.0	1,263	15.0	1,319	1.0	—	—	—	—
Long-term investments	387	369	391	393	415	406	400	379	380	403
Current liabilities	1,968	1,938	2,416	2,413	2,784	2,948	2,912	3,472	3,851	3,011
Accounts payable	883	400	818	459	973	567	807	805	957	867
Long-term debt	5,975	6,076	5,234	5,180	4,850	4,728	4,276	3,979	5,389	6,287
Total debt	7,352	7,540	6,789	6,688	6,475	6,159	5,733	5,519	7,079	8,049
Total liabilities	14,831	14,865	14,166	14,096	13,907	14,481	13,674	14,013	15,243	16,399
Total equity (incl. minority)	15,704	15,665	15,712	15,537	15,643	15,275	14,805	14,843	14,315	13,610
Retained earnings	2,298	2,283	2,335	2,240	2,064	1,792	1,437	1,153	457	-419
Minority interest	—	—	—	—	199	—	—	—	—	—