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Saturn Oil & Gas (TSE:SOIL)
TSX:SOIL
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
-0.42Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: 6.45%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
Saturn showcased strong operational and financial performance, with record-breaking production and cost efficiencies. Successful acquisitions and innovative drilling techniques were notable achievements. However, foreign exchange impacts on debt posed challenges, although partially mitigated by hedging strategies.Company Guidance
In Saturn's Q4 and full-year 2024 earnings call, the company highlighted several key metrics and developments that underscored a year of significant progress and operational success. Saturn achieved a record Q4 adjusted funds flow of $124 million, or $0.64 per share, surpassing analyst expectations by 12%. The company's production averaged over 41,000 barrels per day in Q4, exceeding the high end of its guidance range and closing the year at approximately 42,000 BOE per day. Saturn executed a $105 million capital program in Q4 and $246 million for the full year, drilling a total of 97 wells across its core areas. The company also reported notable financial achievements, including net operating expenses reduced to just over $18 per BOE in Q4, well under the $20 target, and an operating netback of over $43 per BOE. Additionally, Saturn made strides in debt management by refinancing its legacy debt with $650 million of senior notes, leading to a year-end balance of $618 million after debt prepayments. The company's hedge strategy and foreign exchange hedges helped mitigate the impact of currency fluctuations, maintaining financial resilience. Saturn's robust performance and strategic initiatives led to a significant increase in free funds flow, amounting to $134 million or $0.74 per share in 2024, and the company repurchased approximately 6.7 million shares, reflecting a commitment to shareholder returns.Record Production and Exceeding Expectations
Saturn's production averaged just over 41,000 barrels a day in Q4, exceeding the high end of their guidance range and beating analyst expectations by 4%. December volumes averaged approximately 42,000 BOE a day.
Strong Financial Performance
Saturn reported a record Q4 adjusted funds flow totaling $124 million or $0.64 a share, beating the Street consensus estimates by 12%. For the full year 2024, AFF was $2.10 or $380 million.
Operational Cost Reductions
Net operating expense was reduced to $19 for the year and just over $18 in the quarter, under the $20 target. Operating netback was just over $43 a BOE in both periods.
Successful Strategic Acquisitions
Significant acquisitions in South Saskatchewan enhanced Saturn's asset portfolio, expanding future development potential and providing waterflood development to reduce declines.
Innovative Drilling Achievements
Saturn drilled the first ever Torquay mono-bore horizontal well and broke records with Canada's longest Cardium well at 7,570 meters measured depth.
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TSE:SOIL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:SOIL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | C$1.86 | C$1.94 | +4.30% |
| Nov 05, 2024 | C$2.28 | C$2.23 | -2.19% |
| Jul 30, 2024 | C$2.55 | C$2.65 | +3.92% |
| May 15, 2024 | C$2.48 | C$2.48 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Saturn Oil & Gas (TSE:SOIL) report earnings?
Saturn Oil & Gas (TSE:SOIL) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Saturn Oil & Gas (TSE:SOIL) earnings time?
Saturn Oil & Gas (TSE:SOIL) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:SOIL EPS forecast?
TSE:SOIL EPS forecast for the fiscal quarter 2025 (Q1) is 0.23.
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