Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Santos and Origin Energy share prices: earnings results unpacked

We examine some of the key figures from Santos and Origin Energy’s full and half-yearly results, released to the market this morning.

Though the ASX rose strongly by the middle of the day, it pulled back as the session wore on.

The energy sector experienced comparable volatility; and though the S&P/ASX 200 Energy index rose 88 points to 11,057 a little before noon, it was up just 24 points by the afternoon.

This comes after Santos (ASX: STO) and Origin Energy (ASX: ORG) released their full and half-yearly results to the market this morning.

Do you own Origin or Santos shares? You can hedge your downside risk by trading CFDs now.

Santos share price: a good set of numbers

Santos reported a solid set of full-year results today, with annual free cash flow coming in at a record US$1.1 billion.

On the top-line, the energy giant reported a 10% boost to product sales, reaching US$4,033 million in FY19. Profits (NPAT) recorded comparable growth for the full-year, hitting US$674 million (+7%).

Likely to the interest of income-focused investors, the company also reported a Final Dividend of US5.0 cents per share – bringing the company’s full year dividends to US11.0 cents in total.

Speaking of these results, the Santos CEO, Kevin Gallagher said:

'The year was highlighted by record onshore drilling performance, lower unit costs, successful integration of the Quadrant acquisition and significant progress on our diversified portfolio of growth projects.'

'Consistent application of our disciplined operating model continues to deliver cost reductions and efficiencies, with normalised production costs down 8% to US$6.97/boe.’

Even when considering this stable set of results, the Santos (ASX: STO) share price proved volatile in early trade, dipping 0.14% a little after noon.

Origin Energy share price rises on results

By comparison to Santos, the Origin Energy share price rose today even though the company announced lower H1 profits. Investors may have appreciated the revelation of an Interim Dividend of 15 cents, up 50% from the company's Interim Dividend from the year prior.

Specifically – as part of Origin’s half-yearly – the company reported a declining statutory H1 profit of $599 million, against stronger free cash flow (FCF) of $680 million.

In response to these results, Origin's CEO, Frank Calabria said:

'In the first half, the robust operational performance of our business continued to generate strong cash flow' and that 'we have continued to deliver significant supply to the domestic market, with plenty of gas available for manufacturers and other larger users and at lower prices.'

Even so, Ord Minnett analysts described today's results as 'mixed', though noted that Origin reported earnings (NPAT) 8% ahead of their consensus – attributed to a lower effective tax rate.

Though mixed, the broker remains bullish on the stock overall: Ord has an Accumulate recommendation on ORG and a 12-month price target of $9.50.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Act on share opportunities today

Go long or short on thousands of international stocks with spread bets and CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.