None
SEDAR Interim Financial Statements

SOIL · Price
[
{
"companyName": "Saturn Oil & Gas Inc.",
"reportingPeriodEnd": "2025-09-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"asAt2025": {
"cash": 34062,
"accountsReceivable": 100715,
"depositsAndPrepaidExpenses": 30411,
"financialDerivativesCurrentAsset": 24857,
"totalCurrentAssets": 190045,
"propertyPlantAndEquipment": 1952418,
"rightOfUseAssets": 69109,
"financialDerivativesNonCurrentAsset": 3039,
"totalAssets": 2214611,
"accountsPayable": 190363,
"debtCurrent": 87325,
"leaseLiabilitiesCurrent": 8702,
"decommissioningObligationsCurrent": 3745,
"financialDerivativesCurrentLiability": 4090,
"totalCurrentLiabilities": 294225,
"debtNonCurrent": 670014,
"leaseLiabilitiesNonCurrent": 62169,
"decommissioningObligationsNonCurrent": 194726,
"deferredTaxLiability": 68616,
"financialDerivativesNonCurrentLiability": 347,
"totalLiabilities": 1290097,
"shareCapital": 405191,
"contributedSurplus": 66638,
"warrants": null,
"retainedEarnings": 452685,
"totalShareholdersEquity": 924514
},
"asAt2024": {
"cash": 48418,
"accountsReceivable": 112947,
"depositsAndPrepaidExpenses": 24184,
"financialDerivativesCurrentAsset": 11347,
"totalCurrentAssets": 196896,
"propertyPlantAndEquipment": 1877675,
"rightOfUseAssets": 76490,
"financialDerivativesNonCurrentAsset": 10517,
"totalAssets": 2161578,
"accountsPayable": 171116,
"debtCurrent": 90410,
"leaseLiabilitiesCurrent": 8381,
"decommissioningObligationsCurrent": 13902,
"financialDerivativesCurrentLiability": 21080,
"totalCurrentLiabilities": 304889,
"debtNonCurrent": 784178,
"leaseLiabilitiesNonCurrent": 68874,
"decommissioningObligationsNonCurrent": 143375,
"deferredTaxLiability": 32293,
"financialDerivativesNonCurrentLiability": 23997,
"totalLiabilities": 1357606,
"shareCapital": 426146,
"contributedSurplus": 54280,
"warrants": 7200,
"retainedEarnings": 316346,
"totalShareholdersEquity": 803972
},
"derivedMetrics": {
"cashPerShare": 0.1743,
"workingCapitalPerShare": -0.5330
}
},
"incomeStatement": {
"threeMonths": {
"2025": {
"petroleumAndNaturalGasSales": 235344,
"processingIncome": 4789,
"royalties": -29134,
"realizedGainLossOnDerivatives": 825,
"unrealizedGainLossOnDerivatives": -6333,
"operatingExpenses": 77620,
"transportationExpenses": 5639,
"generalAndAdministrativeExpenses": 5625,
"depletionDepreciationAndAmortization": 73710,
"shareBasedPayments": 2252,
"financingExpenses": 27984,
"foreignExchangeGainLoss": 8715,
"gainOnAcquisition": null,
"transactionCosts": null,
"lossOnDebtExtinguishment": null,
"gainOnRepaymentOfSeniorNotes": null,
"netIncomeBeforeTaxes": 3946,
"currentTaxRecovery": null,
"deferredTaxExpense": 480,
"netIncomeAndComprehensiveIncome": 3466,
"basicEarningsPerShare": 0.02,
"dilutedEarningsPerShare": 0.02
},
"2024": {
"petroleumAndNaturalGasSales": 262379,
"processingIncome": 2663,
"royalties": -34008,
"realizedGainLossOnDerivatives": -32364,
"unrealizedGainLossOnDerivatives": 96826,
"operatingExpenses": 73996,
"transportationExpenses": 6124,
"generalAndAdministrativeExpenses": 2944,
"depletionDepreciationAndAmortization": 63499,
"shareBasedPayments": 2136,
"financingExpenses": 29244,
"foreignExchangeGainLoss": -12311,
"gainOnAcquisition": -4598,
"transactionCosts": 503,
"lossOnDebtExtinguishment": null,
"gainOnRepaymentOfSeniorNotes": null,
"netIncomeBeforeTaxes": 133959,
"currentTaxRecovery": null,
"deferredTaxExpense": 32358,
"netIncomeAndComprehensiveIncome": 101601,
"basicEarningsPerShare": 0.50,
"dilutedEarningsPerShare": 0.49
}
},
"nineMonths": {
"2025": {
"petroleumAndNaturalGasSales": 750137,
"processingIncome": 12166,
"royalties": -91266,
"realizedGainLossOnDerivatives": -9847,
"unrealizedGainLossOnDerivatives": 59437,
"operatingExpenses": 225664,
"transportationExpenses": 17561,
"generalAndAdministrativeExpenses": 16834,
"depletionDepreciationAndAmortization": 220448,
"shareBasedPayments": 7452,
"financingExpenses": 83948,
"foreignExchangeGainLoss": -20998,
"gainOnAcquisition": null,
"transactionCosts": null,
"lossOnDebtExtinguishment": null,
"gainOnRepaymentOfSeniorNotes": -2802,
"netIncomeBeforeTaxes": 172520,
"currentTaxRecovery": -252,
"deferredTaxExpense": 36433,
"netIncomeAndComprehensiveIncome": 136339,
"basicEarningsPerShare": 0.70,
"dilutedEarningsPerShare": 0.66
},
"2024": {
"petroleumAndNaturalGasSales": 639451,
"processingIncome": 9363,
"royalties": -81199,
"realizedGainLossOnDerivatives": -56730,
"unrealizedGainLossOnDerivatives": 4986,
"operatingExpenses": 177951,
"transportationExpenses": 13314,
"generalAndAdministrativeExpenses": 9717,
"depletionDepreciationAndAmortization": 153878,
"shareBasedPayments": 7276,
"financingExpenses": 75716,
"foreignExchangeGainLoss": -13241,
"gainOnAcquisition": -45700,
"transactionCosts": 14931,
"lossOnDebtExtinguishment": 31720,
"gainOnRepaymentOfSeniorNotes": null,
"netIncomeBeforeTaxes": 90309,
"currentTaxRecovery": null,
"deferredTaxExpense": 9885,
"netIncomeAndComprehensiveIncome": 80424,
"basicEarningsPerShare": 0.46,
"dilutedEarningsPerShare": 0.45
}
}
},
"cashFlowStatement": {
"threeMonths": {
"2025": {
"netIncome": 3466,
"depletionDepreciationAndAmortization": 73710,
"shareBasedPayments": 2252,
"deferredIncomeTaxExpense": 480,
"unrealizedGainLossOnCommodityDerivatives": 6333,
"unrealizedGainLossOnForeignExchange": 8982,
"gainOnRepaymentOfSeniorNotes": null,
"gainOnAcquisition": null,
"lossOnDebtExtinguishment": null,
"nonCashFinancingExpenses": 7695,
"realizedForeignExchangeGainLossOnRepaymentOfSeniorNotes": 364,
"decommissioningExpenditures": -5379,
"changeInNonCashWorkingCapital": 28194,
"cashFromOperatingActivities": 126097,
"proceedsFromSeniorNotes": null,
"debtIssueCosts": -72,
"repaymentOfDebt": -22632,
"earlyRetirementFees": null,
"stockOptionExercises": null,
"repurchaseOfCommonShares": -11989,
"purchaseOfTreasurySharesNetOfTax": null,
"leasePayments": -4041,
"proceedsFromShareIssuance": null,
"shareIssueCosts": -247,
"changeInNonCashWorkingCapitalFinancing": -280,
"cashFromFinancingActivities": -39261,
"acquisitionsNetOfCashAcquired": -65212,
"proceedsFromDispositions": null,
"capitalExpenditures": -87339,
"changeInNonCashWorkingCapitalInvesting": 50524,
"cashUsedInInvestingActivities": -102027,
"changeInCash": -15191,
"cashBeginningOfPeriod": 49253,
"cashEndOfPeriod": 34062
},
"2024": {
"netIncome": 101601,
"depletionDepreciationAndAmortization": 63499,
"shareBasedPayments": 2136,
"deferredIncomeTaxExpense": 32358,
"unrealizedGainLossOnCommodityDerivatives": -96826,
"unrealizedGainLossOnForeignExchange": -11577,
"gainOnRepaymentOfSeniorNotes": null,
"gainOnAcquisition": -4598,
"lossOnDebtExtinguishment": null,
"nonCashFinancingExpenses": 7360,
"realizedForeignExchangeGainLossOnRepaymentOfSeniorNotes": -391,
"decommissioningExpenditures": -3984,
"changeInNonCashWorkingCapital": 10435,
"cashFromOperatingActivities": 100013,
"proceedsFromSeniorNotes": null,
"debtIssueCosts": -171,
"repaymentOfDebt": -21876,
"earlyRetirementFees": null,
"stockOptionExercises": 240,
"repurchaseOfCommonShares": -2746,
"purchaseOfTreasurySharesNetOfTax": -1288,
"leasePayments": -4475,
"proceedsFromShareIssuance": null,
"shareIssueCosts": -23,
"changeInNonCashWorkingCapitalFinancing": -4980,
"cashFromFinancingActivities": -35319,
"acquisitionsNetOfCashAcquired": 4749,
"proceedsFromDispositions": null,
"capitalExpenditures": -84381,
"changeInNonCashWorkingCapitalInvesting": 46681,
"cashUsedInInvestingActivities": -32951,
"changeInCash": 31743,
"cashBeginningOfPeriod": 81236,
"cashEndOfPeriod": 112979
}
},
"nineMonths": {
"2025": {
"netIncome": 136339,
"depletionDepreciationAndAmortization": 220448,
"shareBasedPayments": 7452,
"deferredIncomeTaxExpense": 36433,
"unrealizedGainLossOnCommodityDerivatives": -59437,
"unrealizedGainLossOnForeignExchange": -17551,
"gainOnRepaymentOfSeniorNotes": -2802,
"gainOnAcquisition": null,
"lossOnDebtExtinguishment": null,
"nonCashFinancingExpenses": 20797,
"realizedForeignExchangeGainLossOnRepaymentOfSeniorNotes": 1578,
"decommissioningExpenditures": -10157,
"changeInNonCashWorkingCapital": 48234,
"cashFromOperatingActivities": 381334,
"proceedsFromSeniorNotes": null,
"debtIssueCosts": -219,
"repaymentOfDebt": -87846,
"earlyRetirementFees": null,
"stockOptionExercises": null,
"repurchaseOfCommonShares": -21136,
"purchaseOfTreasurySharesNetOfTax": -4244,
"leasePayments": -12116,
"proceedsFromShareIssuance": null,
"shareIssueCosts": -247,
"changeInNonCashWorkingCapitalFinancing": -401,
"cashFromFinancingActivities": -126209,
"acquisitionsNetOfCashAcquired": -70344,
"proceedsFromDispositions": null,
"capitalExpenditures": -176476,
"changeInNonCashWorkingCapitalInvesting": -22661,
"cashUsedInInvestingActivities": -269481,
"changeInCash": -14356,
"cashBeginningOfPeriod": 48418,
"cashEndOfPeriod": 34062
},
"2024": {
"netIncome": 80424,
"depletionDepreciationAndAmortization": 153878,
"shareBasedPayments": 7276,
"deferredIncomeTaxExpense": 9885,
"unrealizedGainLossOnCommodityDerivatives": -4986,
"unrealizedGainLossOnForeignExchange": -12617,
"gainOnRepaymentOfSeniorNotes": null,
"gainOnAcquisition": -45700,
"lossOnDebtExtinguishment": 31720,
"nonCashFinancingExpenses": 16466,
"realizedForeignExchangeGainLossOnRepaymentOfSeniorNotes": -391,
"decommissioningExpenditures": -9931,
"changeInNonCashWorkingCapital": -5244,
"cashFromOperatingActivities": 220780,
"proceedsFromSeniorNotes": 890695,
"debtIssueCosts": -16236,
"repaymentOfDebt": -479011,
"earlyRetirementFees": -27355,
"stockOptionExercises": 237,
"repurchaseOfCommonShares": -2746,
"purchaseOfTreasurySharesNetOfTax": -2325,
"leasePayments": -7454,
"proceedsFromShareIssuance": 150004,
"shareIssueCosts": -7807,
"changeInNonCashWorkingCapitalFinancing": 2737,
"cashFromFinancingActivities": 500739,
"acquisitionsNetOfCashAcquired": -538396,
"proceedsFromDispositions": 25708,
"capitalExpenditures": -140896,
"changeInNonCashWorkingCapitalInvesting": 18584,
"cashUsedInInvestingActivities": -635000,
"changeInCash": 86519,
"cashBeginningOfPeriod": 26460,
"cashEndOfPeriod": 112979
}
}
},
"investmentsAndOtherAssets": [],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 190020193,
"classesOfShares": ["common shares"],
"warrants": [],
"options": [
{
"number": 25000,
"exercisePrice": 2.0,
"expiryDate": null
},
{
"number": 480000,
"exercisePrice": 2.4,
"expiryDate": null
},
{
"number": 109000,
"exercisePrice": 2.9,
"expiryDate": null
}
],
"rightsConvertibleInstruments": "Performance warrants: 7,000,000 at $2.50, vesting conditions based on VWAP."
},
"managementCompensation": {
"currency": "CAD",
"periods": {},
"namedIndividuals": [],
"otherRelatedPartyTransactions": []
},
"subsequentEvents": [
{
"eventDate": "2025-10-20",
"description": "Acquisition of Clearview Resources Ltd.",
"impactValue": 22000000
}
]
}
]
More from Saturn Oil & Gas Inc
May 06, 2026 · 17:01