Freehold Q2 revenue at $78 mln, production up 9% yr/yr

Freehold Royalties

30/07/2025 21:14

Overview

Freehold Q2 revenue at C$78 mln, funds from operations C$57 mln

Total production increased 9% yr/yr, driven by U.S. asset growth

Average realized price per boe C$50.36

Outlook

Freehold expects improved Canadian natural gas pricing with LNG Canada starting up

Freehold sees focus on oil-weighted plays in Mannville, Clearwater, and southeast Saskatchewan

Result Drivers

U.S. PRODUCTION GROWTH - U.S. assets delivered meaningful production growth of 7% over the first quarter, driven by improved well productivity in Permian and Eagle Ford basins

ROYALTY INTEREST - Higher royalty interest developments magnified production impact, contributing to increased output

LEASING REVENUE - Active leasing program generated C$1.9 mln in revenue during the quarter, boosting overall financial performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
C$6.20 mln
Q2 FFO
C$56.60 mln
Q2 FFO Per Share
C$0.35
Q2 Net Debt
C$270.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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$15.00, about 9.5% above its July 29 closing price of C$13.58

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX4yrml5

(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.)