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Santos 1H26: Major projects ramp up, debt reduction to follow
August 20 2026 • 3 mins
Santos reported a transitional 1H26 result as the group moved through commissioning and ramp up of Barossa LNG and Pikka Phase 1. While production increased 3% to 45.6mmboe, net profit declined 19% to USD355M as commissioning costs, cargo timing effects and higher financing costs offset the contribution from new production.
By
Jimmy Yao
The KangaNews Fixed-Income Trading and Research Poll 2026
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