Canada's PrairieSky Royalty posts drop in Q3 funds from operations

Prairiesky Royalty

20/10/2025 21:13

Overview

PrairieSky Q3 revenue totals $114.8 mln

Funds from operations decreased 3% yr/yr due to lower US$ WTI pricing

Company repurchased 2.7 mln shares for $66.5 mln under NCIB

Outlook

Company expects continued royalty production growth from Clearwater and Duvernay plays

PrairieSky plans to continue share repurchases under normal course issuer bid

Company aims to sustain dividend payout ratio

Result Drivers

OIL ROYALTY PRODUCTION - Growth driven by Duvernay light oil wells in West Shale Basin

CLEARWATER DEVELOPMENT - Waterfloods in Clearwater play helped mitigate production declines

MULTILATERAL DRILLING - Record multilateral wells spud, contributing to increased activity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$114.80 mln
Q3 Net Income
C$45.90 mln
Q3 FFO
C$90 mln
Q3 Net Debt
C$281.70 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "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$29.00, about 14.5% above its October 17 closing price of C$24.80

Press Release: ID:nGNX36crlW

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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.)