2300 GMT - Citi hopes Santos offers more details about three key areas at its investor briefing day tomorrow. Citi wants more clarity about the timing of Santos's updated capital allocation framework. Santos should also run through the outcomes of its strategic review of Australian assets. This could see assets designated as core or non-core, analyst Tom Wallington says. Citi also seeks insight into opportunities that Santos thinks can generate value, and the sequence it plans to progress these. "We see this as an important catalyst to provide investors with greater certainty around higher shareholder returns, which we expect will drive a re-rating through CY26-27," Citi says. It forecasts an average dividend yield of 8%. "A higher, more visible dividend yield should support a return of the marginal buyer," Citi adds.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 24, 2026 19:00 ET (23:00 GMT)

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