Santos (ASX:STO) has delivered record quarterly sales revenue of over $1 billion and record quarterly LNG sales revenue of $449 million.
The results come on the back of the mining giant's US$1.93 billion acquisition of Quadrant Energy which provided a significant boost to 2019 production.
Fourth quarter production jumped 6 per cent to 15.9 mmboe following sustained strong performance from the core portfolio.
Santos expects 2019 sales volumes to be in the range of 88-98 mmboe production to be in the range of 71 to 78 mmboe.
Shares in Santos (ASX:STO) are trading 3.36 per cent higher at $6.16.