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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