Australia’s Santos posts over 7% sequential rise in quarterly revenue

(Reuters) – Australia’s Santos Ltd on Thursday reported a 7.5% rise in third-quarter revenue from the preceding quarter, helped by increased crude oil volumes and higher prices.

The country’s No. 2 independent gas producer reported revenue of $1.44 billion for the three months ended September, in line with Visible Alpha consensus of $1.43 billion, according to UBS.

That compares to revenue of $1.34 billion in the preceding quarter and $2.15 billion a year earlier.

(Reporting by Nausheen Thusoo and Ayushman Ojha in Bengaluru; Editing by Sriraj Kalluvila)

Reuters

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