Saturn Oil & Gas says Q2 2026 adjusted funds flow rises on acquisitions, new well additions
Reuters2026/07/29 21:45- Saturn posted Q2 2026 petroleum and natural gas sales of $358.7 million, driven by higher realized crude prices of $122.14/bbl.
- Average production rose to 41,447 boe/d from 40,417 boe/d, reflecting acquisition volumes and new wells offsetting declines.
- Adjusted EBITDA increased to $142.1 million from $131.7 million, supported by a stronger operating netback of $60.13/boe.
- Free funds flow fell to $82.5 million from $93 million as capital spending rose to $40.1 million, including 17 gross wells drilled.
- Net debt ended the quarter at $761.6 million; 1,315,300 shares were repurchased for $8.4 million under the NCIB.
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