Saturn Oil & Gas Inc (STU:SMKA)

Q2 2026 Saturn Oil & Gas Inc Earnings Call Transcript

Jul 30, 2026 / 02:00 PM GMT

Release Date Price: €3.2 (-3.33%)

Transcript

Key Points

Positve

Record Q2 production of over 41,000 BOE/day, exceeding guidance for the eighth consecutive quarter.
Generated strong cash flow of $123 million and free funds flow of $82 million in Q2.
Completed accretive tuck-in acquisitions (Burgess Creek and Triland Energy) at less than 2x cash flow, adding drilling inventory and infrastructure utilization.
Refinanced senior secured notes with unsecured notes, reducing effective interest rate by over 200 basis points and extending maturity to 2031.
Increased 2026 guidance with expected year-end production of 48,000-50,000 BOE/day, 84% oil and liquids, and improved net debt to EBITDA ratio of ~1.4x.

Negative

Experienced weather-related downtime in June that temporarily impacted production and delayed portions of the capital program.
Realized hedging losses in Q2 due to strong oil prices, offsetting some revenue gains.
Increased 2026 capital program to $365 million, requiring higher spending to drive growth.
Acquisition costs for 2026 are expected to total approximately $217 million, adding to cash outflows.
Higher Q2 operating costs and royalties per BOE due to seasonal breakup and elevated WTI prices, though expected to normalize.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SOIL.TO - Saturn Oil & Gas Inc
Q2 2026 Saturn Oil & Gas Inc Earnings Call
Jul 30, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen. Welcome to Southern's second quarter 2026 results conference call. As a reminder, all participants are in a listen-only mode, and the conference is being recorded. After management's remarks, there will be an opportunity to ask questions. To join the question queue, you may press then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing then zero. I will now turn the meeting over to Miss Cindy Gray, Vice President, Investor Relations. Please go ahead, Cindy.

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Unidentified_2 [2]
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