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Kevin Gallagher says the acquisition is fully aligned with Santos’ growth strategy.

Santos pays $2.9bn for Quadrant

Santos is set to become the dominant supplier of gas in the Western Australian domestic market after striking a deal to buy privately-owned Quadrant Energy for $US2.15 billion ($A2.95 billion).

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Santos (STO)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/18

1 year TSR5 year TSR
111thSantos82%-11%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

th-Santos$4,224.4m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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