Canada's PrairieSky Royalty Q4 revenue falls

Prairiesky Royalty

09/02/2026 21:12

Overview

Canada royalty firm's Q4 revenue fell yr/yr due to lower US$ WTI prices

Company increased annual dividend policy by 2% to C$1.06 per share

Company completed acquisitions for C$19.9 mln, targeting light oil plays

Result Drivers

OIL ROYALTY PRODUCTION - Increased oil royalty production, especially from Clearwater and Duvernay plays, drove Q4 results

RESERVE GROWTH - Growth in oil reserves driven by drilling extensions and waterflood expansion

LEASING ARRANGEMENTS - New leasing arrangements contributed C$4.3 mln to Q4 revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
C$44.40 mln
Q4 FFO
C$80.50 mln
Q4 Net Debt
C$276.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 Prairiesky Royalty Ltd is C$30.50, about 0.9% above its February 6 closing price of C$30.22

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nGNX9qJg69

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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.)