Canada's Source Rock Royalties Q2 revenue jumps to record on higher oil prices

Source Rock Royalties

31/08/2026 13:15

Overview
Canada oil and gas royalty firm's Q2 royalty revenue rose 40% to a record high
Adjusted EBITDA for Q2 increased 49% year-over-year
Quarterly production fell 7% from Q2 2025

Outlook
Company did not provide specific financial guidance for future quarters or the full year in the press release

Result Drivers
HIGHER OIL PRICES - Co said average price realizations per boe rose 50% year-over-year, driving record royalty revenue
NEW WELLS - 8 gross new horizontal wells began producing on royalty lands in central Alberta during Q2
ROYALTY ACQUISITIONS - Co acquired new royalty interests and Crown mineral leases in Alberta and Saskatchewan

Company press release: ID:nCNWdzgtga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 FFO
 
C$1.62 mln
 
Q2 FFO Per Share
 
C$0.036
 

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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.)