Last mentioned: Feb 19, 2026
FY26 Outlook Review
Company to report on the success of cost-saving measures and volume targets.
Moomba CCS Scaling
Target for increased operational capacity at the Moomba carbon capture facility.
Barossa Progress
Expected milestone for the Barossa gas project development.
Restructuring Implementation
Expected completion of the headcount reduction and organizational streamlining.
FY25 Earnings Release
Santos reports a 33% drop in net profit and announces a 10% workforce reduction.
Earnings Release
Company reports FY25 results and backs FY26 volume targets.
Pikka Phase 1 Start
Anticipated commencement of production at the Alaska-based Pikka project.
FY25 Close
Santos concludes fiscal year with lower profit due to price volatility.
Australian energy major Santos reported a decline in FY25 profit and revenue, primarily driven by softening global commodity prices for LNG and liquids. Despite the financial headwind, the company reaffirmed its FY26 production guidance and continues to progress its major gas and carbon capture projects.
Australian energy major Santos has announced a 10% reduction in its workforce following a sharp 33% drop in annual net profit for fiscal year 2025. The restructuring aims to bolster cost-efficiency as the company navigates a period of lower global energy prices and prepares for the launch of major projects in Alaska and Australia.