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Prairiesky Royalty Ltd. (PREKF)
:PREKF
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.2Last Year’s EPS
0.19Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: -3.73%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant achievements in oil growth, multilateral well activity, and reduced debt. However, challenges include a decline in natural gas volumes due to pricing and a slight decrease in funds from operations compared to the previous year.Company Guidance
During the Q3 2024 earnings call for PrairieSky Royalty Ltd, the company provided guidance indicating strong operational performance and growth prospects. Key metrics highlighted include a 5% organic growth in oil volumes over Q3 2023, with year-to-date organic growth at 6%. The company signed 54 new leases with 41 different counterparties, reflecting robust leasing activity across major oil plays. Waterflood activities in the Clearwater have shown positive responses, contributing to lowered declines and improved recovery factors. Multilateral wells accounted for 38% of drilling activity, up from 33% in the same quarter last year, signifying increased efficiency and productivity. Royalty production revenue for Q3 2024 totaled $111.5 million, with funds from operations at $92.4 million or $0.39 per share. The company declared a dividend of $59.7 million or $0.25 per share with a payout ratio of 65%, and net debt reduced by 33% from year-end to $149.6 million. The guidance projects continued growth in the Clearwater, Mannville, and Duvernay plays, with expected significant contributions from these areas to future production volumes.Organic Oil Growth
PrairieSky achieved a 5% organic oil growth over Q3 2023, with a year-to-date growth of 6%. The company highlighted strong licensing and well activity, which supports future growth.
Strong Multilateral Well Activity
Multilateral wells accounted for 38% of drilling activity in Q3, up from 33% in Q3 2023. Year-to-date, multilaterals constituted 35% of total spuds, up from 28% last year.
Clearwater Play Performance
Clearwater activity remained robust with oil production greater than 2,000 barrels per day in Q3 2024, showing a 19% increase in year-to-date volumes year-over-year.
Duvernay Royalty Production Growth
Royalty production from Duvernay increased to over 700 BOEs per day, representing a 76% growth year-over-year, with expectations of further growth in 2025.
Reduction in Net Debt
PrairieSky's net debt decreased by 33% from year-end, totaling $149.6 million as of September 30.
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PREKF 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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PREKF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $19.82 | $19.87 | +0.25% |
| Jul 15, 2024 | $20.38 | $19.98 | -1.96% |
| Apr 22, 2024 | $19.45 | $19.28 | -0.87% |
| Feb 12, 2024 | $16.16 | $15.83 | -2.04% |
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 Ltd. (PREKF) report earnings?
Prairiesky Royalty Ltd. (PREKF) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Prairiesky Royalty Ltd. (PREKF) earnings time?
Prairiesky Royalty Ltd. (PREKF) earnings time is at Feb 10, 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 PREKF EPS forecast?
PREKF EPS forecast for the fiscal quarter 2024 (Q4) is 0.2.
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