Saturn Oil & Gas Inc. ( (OILSF) ) has released its Q4 earnings. Here is a breakdown of the information Saturn Oil & Gas Inc. presented to its investors.
Saturn Oil & Gas Inc. is a Canadian energy company focused on the development of high-quality, light oil-weighted assets in Saskatchewan and Alberta, with a strategy centered on efficient operations and strategic acquisitions.
Saturn Oil & Gas Inc. recently announced its record-breaking financial results for the fourth quarter and full year of 2024, highlighting significant achievements in production and financial performance. The company reported record exit volumes and adjusted funds flow, showcasing its strong operational capabilities and strategic execution.
Key financial metrics from the report include a record production of 41,051 boe/d in Q4/24, with an annual exit production of 41,908 boe/d. The company achieved an adjusted EBITDA of $152.8 million in Q4/24, marking a 13% increase from the previous quarter, and a 33% increase over the previous year to $483.0 million. Saturn also reported a free funds flow of $133.8 million for 2024, contributing to its capital return initiatives and debt reduction strategy.
Saturn’s strategic initiatives included the integration of the South SK Acquisition, expansion of its drilling success to new plays, and the implementation of a capital return framework. The company also enhanced its reserves, with significant growth across all categories, and increased its liquids-weighting, reflecting its focus on high-quality assets.
Looking ahead, Saturn Oil & Gas Inc. remains committed to executing its strategy amid market uncertainties, with a focus on generating long-term value for shareholders. The company plans to maintain its 2025 guidance and continue leveraging its strong asset base and operational efficiencies to navigate economic challenges.