Santos Posts Lower 2024 Earnings as Revenue Falls

MT Newswires Live
19 Feb

Santos (ASX:STO) reported Wednesday that its earnings per diluted share in 2024 fell to $0.376, from $0.432 per diluted share a year earlier.

Analysts polled by FactSet were expecting EPS of $0.41.

Revenue for the year was $5.38 billion, down 9% from $5.89 billion in the same period last year. Analysts surveyed by FactSet expected AU$5.38 billion.

The board declared an interim dividend of $0.103 per share, down from the $0.175 in the previous reported period, payable on March 26 to shareholders on record as of Feb. 25.

Price (AUD): $6.89, Change: $-0.010, Percent Change: -0.14%

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