Santos revenue up 5.9% on higher gas price

Santos has reported a 5.9 per cent rise in third-quarter revenue, benefiting from higher gas prices and domestic sales.

Revenue stood at $US1.03 billion ($A1.52 billion) for the three months ended September 30 compared with $US973 million a year earlier, the country’s second largest independent gas producer said.

Production surged 32 per cent to 19.8 million barrels of oil equivalent (mmboe), higher than the estimate of 18.9 mmboe by UBS.

AAP

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