Santos: Growth still down the pipeline

About the author:

Author name:

By Adrian Prendergast

Job title:

Senior Analyst

Date posted:

24 August 2023, 9:30 AM

Sectors Covered:

Mining, Energy

• Santos (ASX:STO) have reported an in-line 1H’CY23 result slightly below consensus and our numbers.
• 1H’CY23 EBITDAX of US$2,112m was -23% pcp, while underlying NPAT of US$801m was -37% pcp.
• STO announced an interim dividend of US8.7cents (+14% pcp).
• Maintain our Hold rating with a (login to view) target price.

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