Canada's Freehold Royalties Q4 production rises, funds from operations fall

Freehold Royalties

11/03/2026 20:36

Overview

Canada oil and gas royalty firm's Q4 production rose 6% yr/yr to 16,294 boe/d

Q4 funds from operations fell 17% yr/yr, mainly due to weaker oil prices

Outlook

Freehold expects 2026 production to average between 15,500 and 16,300 boe/d

Company anticipates lower production in H1 2026, with growth resuming in H2

Result Drivers

WEAKER OIL PRICES - Q4 funds from operations decreased mainly due to a 16% drop in WTI benchmark pricing

WELL PRODUCTIVITY - Productivity improvements in both Canada and the U.S. contributed to higher output

Company press release: ID:nGNXc62X78

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
C$14.1 mln
Q4 FFO
C$51.1 mln
Q4 FFO Per Share
C$0.31
Q4 Net Debt
C$268.3 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

Wall Street's median 12-month price target for Freehold Royalties Ltd is C$16.25, about 8.9% below its March 10 closing price of C$17.83

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)