Santos Limited (STO) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Santos Limited 2024 half-year results webcast. All participants are in listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Kevin Gallagher, Managing Director and Chief Executive Officer. Please go ahead. Good morning again and welcome to our presentation of the Santos 2024 half year results. Joining me today is Chief Financial Officer, Anthea McKinnell. Anthea and I recorded a video presentation on today's results, which you can find on our website along with today's presentation. We're not going to repeat the video presentation on this call. We will, however, be happy to take your questions. Before we do that, I'd like to make some opening remarks. I'd like to start by acknowledging the traditional lands of the Kaurna people of the Adelaide Plains where I'm speaking from today. I pay my respects to the elders past, present and emerging. I'd also like to acknowledge and recognize the support of traditional owners and indigenous people everywhere Santos operates, including our local communities in Papua New Guinea, Timor-Leste and Alaska. I'm pleased to present yet another solid set of financial results that demonstrate the success of our disciplined operating model. Santos continues to generate strong cash flow from operations. I'd also like to touch on some of the highlights from this result. For the first half of 2024, Santos generated production of 44 million barrels of oil equivalent, sales revenue of $2.7 billion. free cash flow from operations of $1.1 billion, EBITDAX of $1.8 billion, and underlying profit of $...