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Saturn Oil & Gas Inc. Announces First Quarter 2026 Results Highlighted by Production, Adjusted Funds Flow and Free Funds Flow Ahead of Expectations
Production of 43,116 boe/d was 3% above the high end of guidance and again exceeded consensus est...
About this update from Saturn Oil & Gas Inc.
[{"type":"text","content":"Saturn Oil & Gas Inc. Announces First Quarter 2026 Results Highlighted by Production, Adjusted Funds Flow and Free Funds Flow Ahead of ExpectationsProduction of 43,116 boe/d was 3% above the high end of guidance and again exceeded consensus estimatesAdjusted funds flow(1) over $107 million ($0.59/share) with free funds flow(1) over $62 million ($0.34/share)Net debt(1) down 5% from year end 2025 to $725 million, reflecting Saturn's continued commitment to debt repayment Accelerating capital from H2/26 into Q2 supports volumes coming on sooner into a strong oil price environmentCalgary, Alberta--(Newsfile Corp. - May 6, 2026) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (\"Saturn\" or the \"Company\"), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, is pleased to report our operating and financial results for the three months ended March 31, 2026, highlighted by yet another quarter of production that exceeded analyst consensus estimates. Saturn's financial statements (\"Financial Statements\"), as well as Management's Discussion and Analysis (\"MD&A\") for the three months ended March 31, 2026, are available on our website and filed on SEDAR+ at sedarplus.ca. A conference call and webcast to discuss the Q1/26 results has been scheduled for Thursday, May 7, 2026 at 8:00 am Mountain Time (10:00 am Eastern Time). Access details for the conference call and webcast are provided below.\"The first quarter of 2026 represents the seventh consecutive quarter that Saturn has posted production volumes ahead of analyst consensus estimates as we built on the strong volume momentum achieved in Q4/25. In addition, with the onset of the Iranian conflict in March, Saturn's realized oil price increased materially to nearly $115/bbl in March, up from an average of $75/bbl during January and February,\" said John Jeffrey, Chief Executive Officer. \"This strengthening oil price environment contributed to adjusted funds flow (\"AFF\") of $107 million and free funds flow over $62 million, both of which also exceeded analysts' consensus forecasts, while we continued to reduce net debt, exiting the quarter at $725 million, a 5% reduction from year-end 2025. In light of continued elevated oil prices, we plan to accelerate approximately $20 million of capital from the secon...