新奥股份(600803) - 2018 Q2 - 季度财报

Financial Performance - For the half-year ended June 30, 2018, Santos reported normal activity revenue of $1.68 billion, a 16% increase from $1.45 billion in 2017[4]. - The net profit attributable to members for the period was $104 million, a significant recovery from a loss of $506 million in the previous year[4]. - Basic profit for the period was $217 million, representing a 99% increase compared to $109 million in 2017[7]. - Free cash flow for the half-year was $367 million, up 22% from the previous period[5]. - The total sales volume for the first half of 2018 was 38 million barrels of oil equivalent, down 5% from 40.1 million barrels in 2017[10]. - The average oil price increased by 38% to $75 per barrel, positively impacting revenue despite a decrease in LNG sales due to temporary production halts[12][13]. - Gross profit for the same period was $518 million, compared to $352 million in the previous year[47]. - Total revenue for the first half of 2018 reached $1.727 billion, a 14.7% increase from $1.506 billion in the same period of 2017[68]. - Oil sales contributed $1.680 billion to total revenue, up from $1.449 billion in the previous year, representing a 15.9% increase[68]. - EBITDAX for the first half of 2018 was $883 million, compared to $718 million in the first half of 2017, reflecting a 22.9% increase[66]. - The company reported a net profit of $104 million for the first half of 2018, a significant recovery from a net loss of $506 million in the same period of 2017[66]. Production and Operations - LNG production was 2.5 million tons in the first half of 2018, with 40 shipments made[21]. - Santos' production costs in the Cooper Basin decreased by 13% to $8.42 per barrel, contributing to a 46% increase in EBITDAX to $229 million[19]. - In Papua New Guinea, Santos' EBITDAX decreased by 19% to $165 million in HY18, down from $203 million in HY17, primarily due to production disruptions caused by the February earthquake[25]. - Santos' production in Northern Australia fell to 1.7 million barrels of oil equivalent in HY18, down from 2.1 million in HY17, with EBITDAX declining by 20% to $35 million[27]. - In Western Australia, Santos' production increased to 5.6 million barrels of oil equivalent in HY18, a 12% rise from 5.0 million in HY17, with EBITDAX at $114 million[30]. - The company achieved a sales revenue of $463 million in Queensland and New South Wales for HY18, compared to $354 million in HY17, reflecting a strong sales performance[22]. Expenses and Cash Flow - Santos' exploration and evaluation expenses decreased to $45 million from $53 million in the previous year[7]. - Net cash flow from operating activities was $664 million, up 0.6% compared to the first half of 2017, primarily driven by increased revenue[37]. - Investment activities saw a net cash outflow of $258 million, an increase of $36 million from the first half of 2017, attributed to lower asset disposal gains of $23 million in 2018 compared to $130 million in 2017[37]. - Cash flow used in financing activities decreased by $100 million compared to the first half of 2017, mainly due to early repayment of $250 million in ECA facility loans in 2017 and reduced proceeds from common stock issuance in 2018[37]. - The company incurred exploration and evaluation expenses of $45 million in the first half of 2018, compared to $23 million in the same period of 2017[70]. - The tax expense for the period was $212 million, compared to a tax benefit of $228 million in the first half of 2017[72]. Dividends and Shareholder Returns - The company declared an interim dividend of 3.5 cents per share, consistent with the previous year[5]. - The declared interim dividend for 2018 is $0.035 per share, totaling $72.9 million[73]. Capital Expenditure and Investments - Santos' total capital expenditure for HY18 was $110 million, up from $79 million in HY17, indicating increased investment in growth initiatives[22]. - Santos plans to expand its PNG LNG project by adding three new production lines, which could significantly enhance production capacity[23]. - The company announced a sale of its Asian assets to Ophir Energy plc for $221 million, expected to close in the second half of 2018[31]. - On August 22, 2018, Santos announced the acquisition of Quadrant Energy for $2.15 billion, expected to be completed in the second half of 2018[39]. Financial Position and Assets - Total assets as of June 30, 2018, were $13.41 billion, a slight decrease from $13.71 billion at the end of 2017[50]. - The company’s total liabilities decreased from $8,883 million at the beginning of the year to $9,028 million by June 30, 2018, indicating a slight increase of 1.6%[54]. - The oil and gas assets total $9.215 billion as of June 30, 2018, compared to $9.536 billion at the end of 2017[79]. - The company recorded a total impairment loss of $76 million for the period, with $29 million related to exploration and evaluation assets[82]. - The company has classified $282 million as held for sale assets, including $153 million in oil and gas assets[85]. Accounting and Compliance - The financial statements for the six months ended June 30, 2018, were audited and found to comply with the requirements of the Corporations Act 2001 and Australian accounting standards[116]. - Santos has not identified any significant impacts from new accounting standards effective from January 1, 2018, on its half-year financial report[107]. - The adoption of AASB 15 resulted in a reclassification of other income and other gains to customer contract revenue, impacting the financial reporting[108]. - The company has confirmed that it can meet its debt obligations as they come due, reflecting a positive outlook on financial stability[115]. - The board of directors has confirmed the accuracy and fairness of the financial statements as of June 30, 2018[115].