Santos has announced a missing 300% jump in its underlying profit after tax.
The oil and gas producer said the results reflect significantly higher oil and liquefied natural gas prices compared to a year earlier due to strong global energy demand as the war in Ukraine disrupts leading producers.
Today's results demonstrate the strength of Santos, with strong diversified cash flows and capacity to provide sustainable shareholder returns, fund new developments and the transition to a lower carbon future," said Chief Executive Kevin Gallagher.
Santos share price dropped 1.55% following the results.