Freehold Royalties Ltd. ( (FRHLF) ) has released its Q4 earnings. Here is a breakdown of the information Freehold Royalties Ltd. presented to its investors.
Freehold Royalties Ltd. is a Canadian company operating in the oil and gas sector, primarily focused on acquiring and managing royalty interests in North America. The company is known for its diversified portfolio and strategic acquisitions in key oil-producing regions.
In its latest earnings report, Freehold Royalties Ltd. announced strong financial results for the fourth quarter and the full year 2024. The company reported $77 million in revenue for the fourth quarter and $309 million for the year, alongside significant production increases and strategic acquisitions that have bolstered its portfolio.
Key financial highlights include a 5% increase in total liquids production to 9,878 barrels per day, driven by organic growth and a major acquisition in the Permian basin. The company also achieved a record 65% weighting to oil and natural gas liquids in its production mix. Freehold closed $412 million in acquisitions in 2024, significantly expanding its U.S. portfolio, particularly in the Midland and Delaware basins.
Looking ahead, Freehold Royalties Ltd. anticipates continued growth in 2025, with expected production increases and a further shift towards oil and NGLs, which are projected to enhance cash flows. The company remains committed to maintaining a strong balance sheet while prioritizing dividends and strategic acquisitions.
Overall, Freehold’s management is optimistic about the future, expecting production to average between 15,800 and 17,000 barrels of oil equivalent per day in 2025, with an increased focus on high-value oil and NGL production to drive financial performance.