Santos Limited (STO) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.452 I would now like to hand the conference over to Kevin Gallagher, Managing Director and 00:00:03.452 -- 00:00:07.413 Chief Executive Officer. Please go ahead. 00:00:07.413 -- 00:00:13.035 Thank you and good morning and welcome to the presentation of Santosi's 2026 00:00:13.035 -- 00:00:18.156 half-year results. I'm speaking today from the traditional lands of the Kaurna people 00:00:18.156 -- 00:00:23.018 of the Adelaide Plains. I pay my respects to elders past and present. 00:00:23.018 -- 00:00:28.360 I also acknowledge and recognise the support of traditional owners, indigenous people 00:00:28.360 -- 00:00:33.975 and nationals everywhere Santos operates around the world. 00:00:34.577 -- 00:00:39.641 2026 is a year of transition for Santos. In the first half, we safely 00:00:39.641 -- 00:00:44.364 commenced peak of production and continued commissioning and ramp up at Barossa. 00:00:44.364 -- 00:00:48.968 And that is the story of this result. New production coming online while the base business 00:00:48.968 -- 00:00:50.649 keeps delivering. 00:00:50.649 -- 00:00:54.432 I'll begin with an overview of our performance before handing to our Chief Financial 00:00:54.432 -- 00:00:58.768 Officer, Lachlan Harris, to take you through the financial results. 00:00:58.768 -- 00:01:02.431 Our Chief Operating Officer, Brett Darley, will then cover the operational performance 00:01:02.431 -- 00:01:04.452 of the base business. 00:01:04.452 -- 00:01:09.395 And I'll return at the end to discuss our outlook and strategic priorities before we 00:01:09.395 -- 00:01:12.216 open the call to questions. 00:01:12.818 -- 00:01:18.741 Before we start, I draw your attention to the usual disclaimer on slide two. 00:01:22.204 -- 00:01:24.902 Safety performance i...