Saturn Oil & Gas Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported negative revenue was CAD 17.66 million compared to revenue of CAD 219.25 million a year ago. Net loss was CAD 111.16 million compared to net income of CAD 167.31 million a year ago. Basic loss per share from continuing operations was CAD 0.8 compared to basic earnings per share from continuing operations of CAD 2.89 a year ago. Diluted loss per share from continuing operations was CAD 0.8 compared to diluted earnings per share from continuing operations of CAD 2.87 a year ago.
For the nine months, revenue was CAD 335.62 million compared to CAD 209.83 million a year ago. Net income was CAD 159.17 million compared to CAD 91.54 million a year ago. Basic earnings per share from continuing operations was CAD 1.31 compared to CAD 2.34 a year ago. Diluted earnings per share from continuing operations was CAD 1.27 compared to CAD 2.3 a year ago.