Santos ends 2025 with strong performance, $1.8 billion in free cash flow, below $30 per barrel breakeven price, and $4.9 billion in sales revenue. Production rises 5% to 22.3 mmboe in Q4, with 87.7 mmboe for the year. Barossa LNG production commences, with first cargo loaded for Japan.

Darwin LNG facility loads first Barossa LNG cargo for Japan as BW Opal FPSO ramps up gas exports. Delayed commissioning due to repairs ensures long-term reliability. Pikka Phase 1 nearing completion in Alaska, with first oil expected in late Q1 2026. Operational improvements in Papua New Guinea, Western Australia, Cooper Basin, and Queensland.

Santos reports 6 million tonnes of LNG production from GLNG, record gas supply, and new LNG supply contract. Moomba carbon capture project stores 1.5 million tonnes of CO? and receives 900,000 ACCUs. $1 billion raised through bond issuance, repayment of PNG LNG finance, and asset divestments.

Management expects 25-30% production growth by 2027 from Barossa LNG and Pikka projects. Positioned for growth while maintaining capital discipline. Australia’s Santos continues to deliver strong results and advance key projects for future growth.

Read more at Yahoo Finance: Santos Delivers Strong Cash Flow as Barossa LNG Ships First Cargo