Paramount Resources beats its Q3 sales volumes expectation, hikes FY forecast

Paramount Resources (Pre-Merger)

04/11/2025 12:23

Overview

Paramount Q3 sales volumes exceed company's guidance due to Alhambra Plant performance

Company reports Q3 net loss of C$2.3 mln

Paramount sanctions Sinclair Montney development

Outlook

Paramount raises 2025 annual production guidance to 41,000-42,000 Boe/d

Company forecasts 2026 production of 45,000-50,000 Boe/d

Paramount expects 2027 production to reach 60,000-65,000 Boe/d

Result Drivers

ALHAMBRA PLANT PERFORMANCE - Exceptional runtime at Alhambra Plant in Willesden Green led to higher Q3 sales volumes

SINCLAIR MONTNEY DEVELOPMENT - Sanctioning of Sinclair Montney gas play expected to drive long-term growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-C$2.30 mln
Q3 Free Cash Flow
-C$116.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and 1 "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 Paramount Resources Ltd is C$26.00, about 10.3% above its November 3 closing price of C$23.32

Press Release: ID:nCNWtFJnfa

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(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.)