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PrairieSky Royalty (TSE:PSK)
TSX:PSK
Earnings Data
Report Date
Jul 14, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.25Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 14, 2025
|% Change Since: 1.31%
|Next Earnings Date:Jul 14, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong oil production and strategic acquisitions alongside a sustainable financial performance, despite some challenges with natural gas volumes and market volatility. The company showcases resilience with a sustainable dividend policy and strategic asset management.Company Guidance
In the call, PrairieSky Royalty Limited reported a record oil volume of 13,502 barrels per day of net royalty production for the first quarter of 2025, with 200 wells spud, marking an increase of 26 wells from the same period in 2024. The average royalty rate on these new wells was 6.9%, compared to 6% last year. The company signed 52 new leases generating $5 million in lease issuance bonuses and closed the acquisition of the Petro-Canada fee title package for $50 million. They repurchased 3.4 million PrairieSky shares, which resulted in an additional 1.4% interest for remaining shareholders. Despite a decrease in natural gas volumes to 55.9 million a day, total royalty production revenue reached $119.9 million, with 93% from liquids, and funds from operations totaled $85.8 million. With a dividend payout of $61.2 million, the payout ratio was 71%. The company remains well-positioned with net debt of $258.8 million and plans to renew its NCIB.Record Oil Volumes
PrairieSky achieved record oil volumes of 13,502 barrels per day of net royalty production in Q1 2025.
Increase in Wells Spud
Over 200 wells were spud in Q1, an increase of 26 wells from the same period in 2024, with an average royalty rate increase to 6.9% from 6% last year.
Strategic Acquisitions
Acquired the Petro-Canada fee title package in Southeast Saskatchewan for $50 million, and repurchased 3.4 million PrairieSky shares, adding 1.4% interest for remaining shareholders.
Strong Financial Performance
Royalty production revenue totaled $119.9 million, with 93% from liquids, and funds from operations totaled $85.8 million. Dividends declared were $61.2 million with a payout ratio of 71%.
Expansion in Oil Sands Leases
Added over 100,000 acres of oil sands leases, providing years of new economic drilling inventory.
Sustainable Dividend
The dividend is sustainable well below $50 oil prices, showing resilience in financial planning.
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TSE:PSK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:PSK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 14, 2025 | C$22.95 | C$23.60 | +2.83% |
| Feb 10, 2025 | C$27.08 | C$27.50 | +1.57% |
| Oct 28, 2024 | C$27.21 | C$27.58 | +1.37% |
| Jul 15, 2024 | C$27.71 | C$27.07 | -2.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PrairieSky Royalty (TSE:PSK) report earnings?
PrairieSky Royalty (TSE:PSK) is schdueled to report earning on Jul 14, 2025, TBA Not Confirmed.
What is PrairieSky Royalty (TSE:PSK) earnings time?
PrairieSky Royalty (TSE:PSK) earnings time is at Jul 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:PSK EPS forecast?
TSE:PSK EPS forecast for the fiscal quarter 2025 (Q2) is 0.4.
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