Brief: Prairiesky Royalty Q2 Revenue CAD 111.2 Million

Prairiesky Royalty

14/07/2025 21:01

Overview

PrairieSky Q2 oil royalty production rises 8% yr/yr, setting a record high

Funds from operations fell 9% yr/yr due to lower US$ WTI pricing

Company repurchased 84,020 shares

Outlook

Company expects royalty production from Duvernay wells in West Shale Basin in Q3

PrairieSky anticipates continued annual oil royalty production growth

Company expands credit facility to C$600 mln for increased liquidity

PrairieSky sees sustained third-party drilling activity on royalty lands

Result Drivers

RECORD OIL PRODUCTION - Achieved record oil royalty production of 14,376 barrels per day, an 8% increase over Q2 2024

LOWER WTI PRICES - Funds from operations decreased 9% due to lower US$ WTI benchmark pricing despite record production

NATURAL GAS REVENUE - Natural gas royalty production revenue increased by 80% due to improved benchmark pricing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
C$123.60 mln
Q2 Net Income
C$56.30 mln
Q2 FFO
C$96.70 mln
Q2 Net Debt
C$242 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 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 Prairiesky Royalty Ltd is C$28.00, about 16.6% above its July 11 closing price of C$23.34

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nGNX2B0Hsf

(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.)