Saturn Oil & Gas Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was CAD 209.4 million compared to CAD 54.92 million a year ago. Net income was CAD 51.27 million compared to CAD 21.86 million a year ago. Basic earnings per share from continuing operations was CAD 0.37 compared to CAD 0.68 a year ago. Diluted earnings per share from continuing operations was CAD 0.36 compared to CAD 0.66 a year ago.
For the six months, revenue was CAD 353.28 million compared to negative revenue of CAD 9.41 million a year ago. Net income was CAD 270.32 million compared to net loss of CAD 75.76 million a year ago. Basic earnings per share from continuing operations was CAD 2.39 compared to basic loss per share from continuing operations of CAD 2.56 a year ago. Diluted earnings per share from continuing operations was CAD 2.33 compared to diluted loss per share from continuing operations of CAD 2.56 a year ago.