Northwire Canada EditionSunday, July 12, 2026
Northwire
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
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
      }
    ]
  }
]
Read the original news release →

More from Saturn Oil & Gas Inc