Saturn Oil & Gas Boosts 2026 Guidance Amid Operational Outperformance

Saturn Oil & Gas Inc., a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, announced increased guidance and estimates for full year 2026.

The company increased its average annual production estimate by ~10% to 43,000 to 44,000 boe/d, with target 2026 exit volumes between 48,000 and 50,000 boe/d. This growth is driven by the accretive nature of recent 'core-up' acquisitions.

Saturn expanded its development capital budget to $355 to $375 million, focused on maximizing capital efficiencies and targeting opportunities with short full-cycle times and attractive return potential. The company expects to direct 85% of this budget to drilling, completion, equip and tie-in activities.

The revised guidance also includes an approximately 60% increase in estimated adjusted funds flow (AFF) to $535 to $570 million ($2.95 to $3.15/share basic), and a 20% growth in free funds flow to $150 to $200 million ($0.80 to $1.10/share basic). Saturn anticipates using these funds for continued debt repayment, shareholder returns, and enhancing per share metrics.