Saturn Oil & Gas Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was CAD 219.51 million compared to CAD 14.95 million a year ago. Net income was CAD 167.31 million compared to net loss of CAD 23.31 million a year ago. Basic earnings per share from continuing operations was CAD 2.89 compared to basic loss per share from continuing operations of CAD 0.93 a year ago. Diluted earnings per share from continuing operations was CAD 2.87 compared to diluted loss per share from continuing operations of CAD 0.93 a year ago.
For the nine months, revenue was CAD 210.1 million compared to negative revenue of CAD 20.14 million a year ago. Net income was CAD 91.54 million compared to net loss of CAD 54.43 million a year ago. Basic earnings per share from continuing operations was CAD 2.34 compared to basic loss per share from continuing operations of CAD 3.12 a year ago. Diluted earnings per share from continuing operations was CAD 2.3 compared to diluted loss per share from continuing operations of CAD 3.12 a year ago.