Saturn Oil & Gas Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was CAD 143.88 million compared to negative revenue of CAD 64.33 million a year ago. Net income was CAD 219.05 million compared to net loss of CAD 97.62 million a year ago.

Basic earnings per share from continuing operations was CAD 2.52 compared to basic loss per share from continuing operations of CAD 3.63 a year ago. Diluted earnings per share from continuing operations was CAD 2.51 compared to diluted loss per share from continuing operations of CAD 3.63 a year ago.