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Santos Limited (ASX:STO)

ALERT: Price-sensitive ASX Announcement for STO
Current share price for STO : $7.655 0.215 (2.89%)+
Announcement
Release
23 Apr 2026 9:26AM
Price at Release
$7.440
Full Release
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Summary
In the first quarter of 2026, Santos Limited reported stable production and operational activities across its regions, with a significant investment focus on the Moomba Central Optimisation project. The company plans to invest over $350 million targeting substantial cost savings, emission reductions, and productivity improvements. Key achievements include record production at the Roma field, ongoing development in the Scotia and Fairview areas, and stability in GLNG operations. There were impacts from Cyclone Narelle in Western Australia, but production facilities have mostly recovered. The company also advanced various projects, including the Barossa Gas Project and the Beetaloo Basin developments. Additionally, Santos provided guidance for 2026, expecting production volumes between 101-111 mmboe and a total capital expenditure of up to $2.15 billion.
Key Points
  • Moomba Central Optimisation project with $350 million investment
  • Record production at Roma field
  • Stability in GLNG operations
  • Impact from Cyclone Narelle in Western Australia
  • Advancement of Barossa Gas Project
  • Beetaloo Basin development
  • Production volume guidance of 101-111 mmboe
  • Capital expenditure guidance up to $2.15 billion
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.