Supply disruptions turbocharge refining profits and lift earnings forecasts for ASX energy share.

Pricing strength outweighs temporary production headwinds.

Record volumes, lower costs and reduced debt underpin a stronger earnings outlook for ASX miner.

Near-term hurdles, long-term upside.

Lower volumes due cyclone activity but revenues hold steady.

Improving pricing offsets severe weather impact on sales volumes.

Santos reports a solid quarter on the back of higher commodity prices - yet the shares look undervalued.

High debt levels and low commodity prices were a concern, but agreed sell-downs and a ramp-up of key operations should help.

Shares surged after the announcement of first half fiscal 2026 guidance.

Our view on the chaotic energy markets.