- Saturn Oil & Gas Inc. (OILSF, Financial) reported Q1/25 production exceeding guidance, at over 41,600 boe/d, and wells performing 20% above internal type curves.
- The company reduced its debt by repurchasing US$15 million in senior notes, lowering the balance to US$586 million.
- Continued share repurchases brought the total to 7.9 million shares since August 2024, representing 4% of outstanding shares.
Saturn Oil & Gas Inc. (OILSF) achieved a robust production performance in the first quarter of 2025, with production levels surpassing expectations at over 41,600 barrels of oil equivalent per day (boe/d). This performance exceeded the company's quarterly guidance range of 39,500 to 40,500 boe/d, and the wells outperformed internal type curves by 20%.
In a strategic move to reduce debt, Saturn repurchased US$15 million of senior notes at below par value, which lowered the outstanding balance to US$586 million. This debt reduction was part of Saturn's broader financial strategy aimed at enhancing the company’s balance sheet and financial flexibility.
Moreover, Saturn continued its share buyback program aggressively, with 3.4 million shares repurchased in 2025 alone. This brings the total buyback since the program's initiation in August 2024 to 7.9 million shares, representing approximately 4% of the total outstanding shares. This ongoing repurchase demonstrates the company's commitment to enhancing shareholder value.
The company maintains a solid hedging strategy to safeguard against market volatility. Saturn has hedged 50-60% of its PDP barrels over a 12-month period and has secured collars on 5,000 bbl/d with a price range between C$100 and C$110 per barrel for 2025. This approach ensures that the company remains insulated from price fluctuations while capturing upside potential.
Saturn’s operational and financial strategies have established it as a resilient player in the energy sector, with a focus on increasing shareholder return and sustaining growth. This strategic direction was recognized by the Financial Times, naming Saturn as the fastest-growing energy company across the Americas.
