Prairiesky Royalty Ltd. ( (PREKF) ) has released its Q1 earnings. Here is a breakdown of the information Prairiesky Royalty Ltd. presented to its investors.
PrairieSky Royalty Ltd. is a Canadian company specializing in generating royalty production revenues from oil and natural gas extracted from its properties, boasting the largest independently-owned fee simple mineral title position in Canada.
In its first quarter of 2025, PrairieSky Royalty Ltd. reported a record oil royalty production volume, averaging 13,502 barrels per day, which contributed to a total revenue of $128.1 million. Despite a slight decline in total royalty production due to decreases in natural gas and NGL production, the company saw a 3% increase in funds from operations compared to the same period last year.
Key financial highlights include an oil royalty revenue of $101.1 million, a 10% increase from Q1 2024, and a dividend payout of $61.2 million, representing a payout ratio of 71%. The company also completed significant acquisitions totaling $63.6 million and repurchased and canceled over 3.4 million common shares under its normal course issuer bid.
Looking ahead, PrairieSky Royalty Ltd. plans to continue its capital management strategy, including the renewal of its share repurchase program. The company remains focused on leveraging its extensive property portfolio to sustain its long-term, high-margin business model.