By Stuart Condie

SYDNEY--Santos Ltd. reported record production in its fiscal third quarter and cut its full-year cost guidance.

The Australian firm on Thursday said it produced 25.1 million barrels of oil equivalent in the three months through September, up 22% on the second quarter. It said that was primarily driven by higher volumes of domestic gas and liquefied natural gas, although production of oil, condensate and liquefied petroleum gas also rose.

Sales revenue rose to US$797 million from US$785 million in the prior quarter, it said.

Santos cut its FY 2020 guidance for upstream unit costs to US$8.25-US$8.75 per barrel of oil equivalent. It previously anticipated a US$8.50-US$8.90 range.

Production, sales and capital expenditure guidance remained unchanged.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

10-21-20 1820ET