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Saturn Oil & Gas (TSE:SOIL)
TSX:SOIL
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Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2019
|% Change Since: -0.44%
|Next Earnings Date:May 06, 2019
Earnings Call Sentiment|Positive
The earnings call highlighted Saturn's robust production and financial achievements, strategic acquisitions, and effective hedge management. However, challenges remain with high operating costs for new acquisitions and legacy hedge issues. Despite these, the sentiment is generally positive with a focus on growth and optimization.Company Guidance
During Saturn Oil and Gas's Q3 2024 earnings call, the company provided comprehensive guidance, highlighting several key metrics. Saturn reported a record average production of over 39,000 barrels of oil equivalent (BOE) per day, with their adjusted EBITDA reaching $136 million, surpassing consensus estimates. The company's adjusted funds flow (AFF) was a record $94 million, normalized to $114 million after accounting for one-time hedge costs. Capital expenditures for the quarter totaled $84.4 million, with a focus on drilling 48 gross wells and optimizing production. The company also emphasized its strategic blueprint for value creation, including a $20 million tuck-in acquisition in the Brazeau Cardium area, which added 63 net locations and expanded production capacity. Saturn's net debt as of September 30 was $779 million, representing a 1.4x net debt to annualized quarterly adjusted EBITDA ratio, with plans to reduce this to 1x by the end of 2025. The company also highlighted its active hedging strategy and return of capital framework, which includes a share buyback program.Record Production Levels
Saturn achieved a new production record in the quarter, averaging over 39,000 barrels a day, which exceeded expectations and comprised 83% higher value oil and liquids.
Successful Strategic Acquisitions
The acquisition of Battrum and Flat Lake assets was completed for less than 2x cash flow, with early results showing promise in reducing operating costs and deploying capital.
Strong Financial Performance
Record adjusted EBITDA of $136 million and AFF of $94 million, with normalized adjusted funds flow over $114 million, reflecting strong cash generation capabilities.
Effective Hedge Management
Repurchased approximately $20 million of hedges, potentially impacting future cash flows by close to $40 million, and layered in new oil collars aligning with future outlook.
Tuck-in Acquisition Success
Closed a $20 million tuck-in acquisition in Brazeau that significantly increased drilling inventory, production, and land base, with adjacent locations to Saturn's best-performing wells.
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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 |
|---|---|---|---|
| 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% |
| Mar 12, 2024 | C$2.36 | C$2.42 | +2.54% |
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 Apr 25, 2025, TBA Not Confirmed.
What is Saturn Oil & Gas (TSE:SOIL) earnings time?
Saturn Oil & Gas (TSE:SOIL) earnings time is at Apr 25, 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?
Currently, no data Available
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