Santos stock heads into October results at AUD 8.54

Published on 10/08/2026 at 00:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Santos stock enters the October 22 report after first-half revenue reached USD 2.6 billion. Production rose 3 percent to 45.6 million barrels of oil equivalent.

Santos, AU000000STO6, Illustration mit AI erstellt.

Santos Limited (ISIN AU000000STO6) was last at AUD 8.54 on the ASX on October 7, 2026, 0.23 percent below the prior close. The price report comes before the company's scheduled third-quarter update on October 22, 2026.

Stock stays below yearly high

Santos traded between AUD 8.53 and AUD 8.61 during the October 7 session, with volume of 8,144,032 shares. Its AUD 5.90 to AUD 8.81 52-week range places the latest price AUD 0.27 below the yearly high, a distance of 3.1 percent.

The company had a market capitalization of AUD 27.7 billion as of October 7, 2026. The share price therefore remains close to the upper end of its annual trading range, while the next operating update will provide the next quantified checkpoint.

First-half cash flow sets the base

In the first half of 2026, Santos reported sales revenue of USD 2.6 billion, EBITDAX of USD 1.6 billion and free cash flow from operations of USD 378 million, according to Yahoo Finance on August 19, 2026.

First-half production reached 45.6 million barrels of oil equivalent, up 3 percent from the comparable period. The same company update put unit production cost at USD 7.53 per barrel and gearing at 28.1 percent including leases, figures that give the October report a clear operating baseline.

October report is the next checkpoint

Santos lists October 22, 2026, as the date for its 2026 third-quarter report. The update should show how Pikka production and Barossa commissioning affected output and cash generation after the first-half transition period.

The investor calendar also records the August 19, 2026, half-year results date. That period included the ramp-up of Pikka in Alaska and continued commissioning at Barossa, making production and free cash flow the key operating measures for the next release.

Macquarie target stays above price

As Markets Insider reported on September 27, 2026, Macquarie maintained a Buy rating on Santos with an AUD 9.35 price target. That target lies 9.5 percent above the AUD 8.54 price, placing the broker's published valuation above the current ASX quotation.

Santos stock heads into results

Santos stock was last at AUD 8.54 on the ASX on October 7, 2026, at 4:10 p.m. AEDT. The October 22 report will put the first-half revenue, production and cash flow figures into a new quarterly operating context.