PrairieSky Royalty (TSE:PSK) has released an update.
PrairieSky Royalty reported a strong second quarter in 2024 with record oil royalty production and an 8% increase in total royalty production compared to the same period last year. Revenue for the quarter reached $135.6 million, a significant part of which was generated through new leasing agreements and royalty acquisitions. The company also increased its funds from operations by 16% and maintained a strategic focus on debt reduction and shareholder dividends.
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