• Why is the Santos share price lifting off on Thursday?

    An oil worker in front of a pumpjack using a tablet.

    The Santos Ltd (ASX: STO) share price is pushing higher today.

    Shares in the S&P/ASX 200 Index (ASX: XJO) energy stock closed yesterday trading for $7.85. In early morning trade on Thursday, shares are swapping hands for $7.94 apiece, up 1.1%.

    For some context, the ASX 200 is up 1% at this same time.

    The Santos share price should be catching some tailwinds today from another overnight rise in the oil price.

    Amid ongoing fighting in and around Iran and new Yemeni Houthi attacks on oil tankers in the Red Sea, the Brent crude oil price is up 3.4% overnight to US$94.07 per barrel, according to Bloomberg data. That now sees the oil price up more than 31% since the beginning of July.

    Here’s what else investors are mulling over today.

    Santos share price stalls on cash flow stumble

    Before market open this morning, Santos released its June quarter update (Q2 FY 2026).

    The Santos share price is on the rise, with the company reporting a 6% quarter-on-quarter increase in sales revenue to $1.35 billion.

    The revenue boost was fuelled in part by a 3% increase in Q2 production, which came out at 23.1 million barrels of oil equivalent (mmboe). That brings Santos’ H1 production to 45.6 mmboe.

    And with management forecasting a 20% to 30% boost in H2 production levels, Santos narrowed its full-year FY 2026 production guidance to the range of 99 mmboe to 105 mmboe.

    Santos also enjoyed a 4.9% quarter-on-quarter rise in its average realised LNG pricing, which increased to $11.21 per mmBtu.

    However, investors look to have some concerns over the company’s cash flow.

    Impacted by “challenges” during the final stages of commissioning and ramp up at the Barossa and Pikka projects, and the timing of cargo movements, free cash flow from operations in the first half of FY 2025 was lower than expected at $378 million.

    Barossa and Pikka together recorded a combined free cash flow from operations loss of around $151 million for the first half.

    The company said that higher realised LNG pricing, along with the expected production uplift, should improve free cash flow in the second half of 2026.

    What did management say?

    Commenting on the results that could be holding the Santos share price back from larger gains today, managing director Kevin Gallagher said:

    Production increased towards the end of the second quarter as Barossa ramped up and Pikka came online, with Barossa now producing at 97% of planned rates. The challenges encountered during commissioning activities have essentially delayed our transition to a higher production, higher cash flow generating portfolio, until the second half of the year…

    Gallagher added:

    2026 was always going to be a transition year for Santos with two major development projects coming online and significant commissioning activities to be completed before establishing steady-state performance at both assets.

    And for passive income investors awaiting the upcoming Santos dividend, Gallagher noted:

    The board will consider the timing of expected cash flow over the full year in determining the amount of the interim dividend, with first-half free cash flow impacted by a number of timing items that are not reflective of the company’s underlying cash flow capacity.

    The post Why is the Santos share price lifting off on Thursday? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Santos right now?

    Before you buy Santos shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Santos wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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    Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Generation Development Group posts 36% lift in FUM and record inflows for FY26

    happy group of people

    The Generation Development Group Ltd (ASX: GDG) share price is in focus after the company reported Group funds under management (FUM) of $46.4 billion at 30 June 2026, up 36% on the prior year, and record quarterly sales inflows at Generation Life.

    What did Generation Development Group report?

    • Group FUM rose 36% year on year to $46.4 billion as of 30 June 2026
    • Generation Life’s FUM increased 35% to $5.95 billion, with record quarterly sales inflows of $442 million (up 39%)
    • Evidentia’s FUM was $40.5 billion, up 37% on the previous year
    • Lonsec researched over 2,000 products, up 9% year on year
    • iRate subscribers increased 13% to 5,629

    What else do investors need to know?

    Generation Development Group finished FY26 by fully integrating the Evidentia and Lonsec managed account businesses, aiming for a more scalable and diversified wealth platform. Generation Life secured a major strategic alliance with Colonial First State (CFS), confirming its role as a key player in Australia’s retirement solutions sector.

    Evidentia reported strong net inflows of $3.5 billion for the quarter, helped by a successful transition of $1.8 billion in FUM from Xplore Wealth. The group highlighted favourable structural trends like an ageing population and policy shifts that support demand for their investment and retirement products.

    What did Generation Development Group management say?

    Group Chief Executive Officer Grant Hackett OAM said:

    With the integration of Evidentia and Lonsec managed accounts, we’ve created a stronger, more resilient platform for future growth. Our focus on disciplined execution and investing in our people ensure we’re well placed to deliver attractive shareholder returns.

    What’s next for Generation Development Group?

    Looking forward, the Group says demographic changes and upcoming tax reforms are creating new opportunities for its retirement income and investment bond products. The strategic partnership with CFS positions Generation Life for further expansion.

    Management flagged a robust pipeline across all businesses for FY27, driven by both organic growth and new strategic partnerships. Ongoing investment in technology and capabilities is expected to support sustainable growth over the long term.

    Generation Development Group share price snapshot

    Over the past 12 months, Generation Development Group shares have declined 22%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

    View Original Announcement

    The post Generation Development Group posts 36% lift in FUM and record inflows for FY26 appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Generation Development Group right now?

    Before you buy Generation Development Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Generation Development Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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    Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Generation Development Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

  • Domino’s Pizza Enterprises faces court ruling in class action earnings update

    A gavel on the table at court as hands gesticulate behind it.

    The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price is in focus today following the Federal Court’s judgment in the Gall class action, with the court finding historical misrepresentations and assessing lead applicant Mr Gall’s loss at $11,869.33 plus interest.

    What did Domino’s Pizza Enterprises report?

    • The Federal Court found Domino’s engaged in misleading and deceptive conduct regarding the application of certified enterprise agreements.
    • The class action concerned historical underpayment of franchisee employee wages from 2013 to 2018.
    • The court assessed Mr Gall’s loss at approximately $11,869.33 (plus interest).
    • Potential liability for broader group members remains highly uncertain and unquantifiable.
    • No orders have been made; parties were directed to draft proposed orders within seven days.

    What else do investors need to know?

    The court’s finding relates only to the lead applicant’s claim, so Domino’s potential exposure to other group members is unknown and will depend on future hearings. Identification of impacted stores and employees is yet to be determined, and the matter may be subject to appeal.

    Importantly, the court’s decision was based on Australian Consumer Law, not the Fair Work Act. Proceedings for other group members and overall compensation remain undetermined and could involve mediation or further court processes.

    What’s next for Domino’s Pizza Enterprises?

    Domino’s is reviewing the Court’s 560-page judgment to assess any grounds for appeal. The company will keep the market informed as the case progresses and as potential impacts become clearer.

    The next stage involves drafting proposed court orders and possible mediation regarding outstanding issues for broader group members. No financial provision estimates have been provided while the exposure remains uncertain.

    Domino’s Pizza Enterprises share price snapshot

    Over the past 12 months, Domino’s shares have declined 12%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

    View Original Announcement

    The post Domino’s Pizza Enterprises faces court ruling in class action earnings update appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Domino’s Pizza Enterprises right now?

    Before you buy Domino’s Pizza Enterprises shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Domino’s Pizza Enterprises wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    * Returns as of 16 June 2026

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    Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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