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Saturn Oil & Gas Q1 production beats estimates; plans to accelerate $20M capital spend amid strong oil prices

Company Fundamentals
06 May 2026
Newsfile Corp
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Bullish
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Saturn Oil & Gas reported Q1 2026 production of 43,116 boe/d, exceeding guidance by 3% and analyst estimates, driven by strong well performance and rising oil prices that reached nearly $115/bbl in March. Adjusted funds flow was $107 million, with free funds flow over $62 million, supporting ongoing debt reduction to $725 million. The company plans to accelerate $20 million of capital spending into Q2 2026 to capitalize on the strong oil price environment, aiming to boost production and free funds flow for further debt repayment, share buybacks, or acquisitions. Saturn also completed a small asset acquisition in southeast Saskatchewan and continues its share repurchase program, returning over $59 million to shareholders since 2024.

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