Saturn Oil & Gas Q2 FY26 net income turns to profit at $108.12 million; revenue climbs to $359 million
Reuters2026/07/29 21:22- Saturn Oil & Gas posts Q2 net income of $108.12 million, returning to profit after a Q1 loss; revenue hits a record $359 million.
- Adjusted EBITDA (non-GAAP) rises to $142.06 million; adjusted funds flow totals $122.61 million, driving free funds flow (non-GAAP) of $82.53 million.
- Production averages 41,447 boe/d, extending an eight-quarter streak above guidance; capital spending totals $40.08 million after pulling $20 million from Q3.
- Net debt ends June 30 at $761.55 million; $8.4 million returned via buybacks with 1.3 million shares repurchased.
- Subsequent to quarter-end, Saturn priced Senior Unsecured Notes due 2031 and increased its syndicated credit facility commitment to $200 million.
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