Parex Resources Reports Steady Q1 2025 Performance

Parex ( (PARXF) ) has released its Q1 earnings. Here is a breakdown of the information Parex presented to its investors.

Parex Resources Inc., a leading independent oil and gas company in Colombia, focuses on sustainable conventional production with its headquarters in Calgary, Canada, and operations in Bogotá, Colombia. In its first-quarter earnings report for 2025, Parex announced a steady financial performance with a funds flow from operations of $122 million and a net income of $81 million. The company declared a Q2 2025 dividend of C$0.385 per share and highlighted its strategic acquisition of LLA-32, which is expected to boost production in the near term.

Key financial metrics for Q1 2025 included an average production of 43,658 boe/d and a realized net income of $0.82 per share. The company maintained its capital expenditure guidance for 2025 at $285 to $315 million, with a focus on monitoring commodity prices to optimize shareholder value. The acquisition of LLA-32 for $16 million is a strategic move to enhance production and expand inventory, with current production from the asset at approximately 4,000 boe/d.

Operationally, Parex is on track to meet its full-year production guidance of 43,000 to 47,000 boe/d, with Q1 production aligning with management expectations. The company is advancing its development and exploration activities, particularly in the Southern Llanos, with positive initial results from two prospects driving exploration momentum. The company also repurchased 524,900 shares and paid a regular quarterly dividend, reflecting its commitment to returning capital to shareholders.

Looking ahead, Parex remains focused on sustaining its production levels and maintaining flexibility in response to market conditions. The company plans to continue its development activities and monitor commodity prices closely to ensure efficient capital allocation and maximize shareholder value.