Santos First Half 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.08-23

Santos (ASX:STO) First Half 2024 ResultsKey Financial Results Revenue: US$2.71b (down 8.6% from 1H 2023). Net income: US$636.0m (down 20% from 1H 2023). Profit margin: 24% (down from 27% in 1H 2023). ...

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Net income: US$636.0m (down 20% from 1H 2023). Profit margin: 24% (down from 27% in 1H 2023). ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/energy/asx-sto/santos-shares/news/santos-first-half-2024-earnings-eps-beats-expectations-reven\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STO","symbol_name":"挪威石油","start_time":0,"source_url":"https://simplywall.st/stocks/au/energy/asx-sto/santos-shares/news/santos-first-half-2024-earnings-eps-beats-expectations-reven","article_id":"2461551884","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/1032000-choice1-main-header/1585186548616"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2461551884","pubTimestamp":1724387067,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Santos ( ASX:STO ) First Half 2024 Results Key Financial Results Revenue: US$2.71b (down 8.6% from 1H 2023). Net...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"STO":"挪威石油","STO.AU":"SANTOS LIMITED"},"translate_title":"桑托斯2024年上半年收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STO.AU":1,"STO":0.9},"content_text":"Santos (ASX:STO) First Half 2024 ResultsKey Financial Results Revenue: US$2.71b (down 8.6% from 1H 2023). Net income: US$636.0m (down 20% from 1H 2023). Profit margin: 24% (down from 27% in 1H 2023). The decrease in margin was driven by lower revenue. EPS: US$0.20 (down from US$0.24 in 1H 2023).  ASX:STO Earnings and Revenue Growth August 23rd 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Santos EPS Beats Expectations, Revenues Fall Short  Revenue missed analyst estimates by 1.3%.  Earnings per share (EPS) exceeded analyst estimates by 2.6%.      Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Oil and Gas industry in Australia.    Performance of the Australian Oil and Gas industry.  The company's shares are down 3.0% from a week ago.   Risk Analysis We should say that we've discovered 1 warning sign for Santos that you should be aware of before investing here. New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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