Santos delivers Q4 record results

Company News

by Anna Napoli

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.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.