RY 175.15 0.7826% SHOP 151.92 1.6051% TD 82.19 -0.2064% ENB 65.02 1.705% BN 85.63 2.6492% TRI 233.09 0.9004% CNQ 45.66 -2.789% CP 111.38 1.273% CNR 148.755 0.3406% BMO 143.62 -0.146% BNS 73.98 0.1625% CSU 4420.3398 1.3465% CM 90.88 0.2758% MFC 44.0 -0.5425% ATD 75.84 -1.2886% NGT 60.72 0.7801% TRP 68.77 -0.5927% SU 57.16 0.0175% WCN 257.36 0.1284% L 181.77 0.3146%
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Saturn Oil (TSX: SOIL) Turns Profitable with CAD 102Mn Net Earnings in 3Q2024, Reversing Prior Year Losses
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Highlights
Saturn Oil & Gas Inc. (TSX:SOIL) is a resource company. It focuses on acquiring, exploring, and developing petroleum and natural gas deposits in Canada.
In the third quarter of 2024 (3Q2024), the company’s revenue reached CAD 231.0 million, compared to CAD 179.6 million in the prior corresponding period (pcp), marking a 28.6% YoY growth. This surge was mainly due to higher production levels. Total expenses also increased to CAD 161.5 million in the quarter, compared to CAD 132.0 million in pcp, reflecting a 22.3% rise, largely due to higher operational costs.
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