Oct 20 (LNGJ) - Australian LNG operator Santos said it delivered record year-to-date sales revenue of US$5.9 billion, up 86 percent, and record free cash flow of US$2.7Bln, up 194 percent. The Adelaide-based company with LNG assets in Australia and Papua New Guinea said free cash flow of over US$1Bln in the third quarter reduced debt relative to equity to 20.8 percent at the end of September.
“Santos delivered another strong quarter with record sales revenue and free cash flow, demonstrating solid performance from our LNG portfolio and our domestic gas business,” said Chief Executive Kevin Gallagher. “Santos is committed to keeping the Australian domestic market supplied, while remaining a leading, reliable and low-cost LNG supplier into Asia,” stated the CEO.
