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Saturn Oil & Gas Inc. Announces Second Quarter 2025 Results Highlighted by $119MM Net Debt Reduction Over Q1/25 and Record Free Funds Flow
Production of 40,417 boe/d exceeded high end of guidance Net debt (1) reduced to $695 mil...
About this update from Saturn Oil & Gas Inc.
[{"type":"text","content":"Saturn Oil & Gas Inc. Announces Second Quarter 2025 Results Highlighted by $119MM Net Debt Reduction Over Q1/25 and Record Free Funds FlowProduction of 40,417 boe/d exceeded high end of guidanceNet debt(1) reduced to $695 million, a decline of $119 million versus Q1/25Adjusted funds flow(1) of $109 million ($0.56/share) was supported by net opex(1) of $18.28/boe that beat guidanceRecord free funds flow(1) of $93 million ($0.48/share) supports Saturn's ongoing financial flexibilityContinued to enhance per share metrics via share buybacks during and after the quarter end, contributing to Saturn's total return to shareholders of ~$24 million since Aug/24Calgary, Alberta--(Newsfile Corp. - July 30, 2025) - 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 and six months ended June 30, 2025, highlighted by net debt(1) reduction of over $119 million, strong adjusted funds flow (\"AFF\")(1) of $109 million and record free funds flow(1) of $93 million. Saturn's financial statements (\"Financial Statements\"), as well as Management's Discussion and Analysis (\"MD&A\") for the three and six months ended June 30, 2025, are available on our website and filed on SEDAR+ at sedarplus.ca. A conference call and webcast to discuss the Q2/25 results has been scheduled for Thursday, July 31, 2025 at 8:00 am Mountain Time (10:00 am Eastern Time). Access details for the conference call and webcast are provided below.\"Saturn has continued to deliver results from our blueprint strategy, with net debt(1) reduction of nearly $120 million between Q1/25 and Q2/25 exceeding the original expectations mentioned during our Q1/25 earnings conference call. This outperformance was achieved through scheduled quarterly principal repayments, an opportunistic open-market purchase of our bonds below par, and the benefit of foreign exchange rates. This debt reduction, combined with our steady return of capital through Saturn's share buybacks, represents accretion for equity holders while also enhancing our per share metrics,\" said John Jeffrey, Chief Executive Officer. \"Our strong operational performance is evidenced by quarterly productio...