Santos Misses Revenue Estimate, Cuts Annual Production Forecast on Cyclone Narelle
businesscompany-earnings 2 posts · 2 accounts
Santos reported a quarterly revenue miss and lowered its annual production volumes forecast on Thursday, citing disruptions from Tropical Cyclone Narelle.
The cyclone halted production operations at assets along the Western Australian coast and in the Cooper Basin earlier this year. The oil and gas producer stated that all of its Western Australian production assets have since resumed operations.
From the sources (2 posts)
@staunovoAustralian oil and gas major Santos missed quarterly revenue estimates on Thursday due to weather-linked disruptions and also lowered its annual production volumes forecast. Tropical Cyclone Narelle disrupted production activities at sites
@lngglobalSantos misses quarterly revenue view on weather impact, cuts annual output