The earnings call reflects a generally positive sentiment with strong financial results, efficient operational execution, and strategic exploration plans. Despite facing some challenges like commodity price volatility and a higher tax rate, the company's outlook remains optimistic with continued production growth and cost management.

Company Guidance -

Q3 2025

During the Parex Resources Q2 2025 conference call, the company provided guidance on various operational and financial metrics, projecting steady production growth in the second half of the year. They anticipate achieving their annual production guidance of 44,000 to 47,000 barrels of oil equivalent per day, supported by a robust netback of $26.90 per BOE, despite an average Brent oil price of $67 per barrel. The company highlighted key advancements, including the completion of a 6-well drilling program at LLA-34 and a 5-well campaign at LLA-32, contributing to an average production of 42,542 BOE per day for Q2. Favorable oil pricing differentials, with Vasconia benchmark differentials improving to less than $2 per barrel, and lower production costs have bolstered netbacks. The balance sheet remains strong, with $105 million in funds flow provided by operations and capital expenditures of $89 million for the quarter. Looking ahead, Parex plans to maintain a similar level of capital spending in Q3 while executing on share buybacks and sustaining a robust dividend, aiming for a strong production exit rate to set a favorable trajectory into 2026.

Strong Financial Performance

Netback performance was supported by favorable Colombian crude oil differentials and lower production costs. Funds flow provided by operations was $105 million, and FFO netback was $26.90 per BOE.

Efficient Operational Execution

Achieved several key milestones, including a 6-well infill drilling program with time and cost improvements, and encouraging results from near-field exploration with 3 wells producing approximately 2,500 BOE per day.

Production Growth on Track

Production averaged 42,542 BOE per day with expectations of reaching 44,000 to 47,000 BOE per day by year's end, setting up favorably for 2026.

Successful Cost Management

Realized meaningful internal efficiency gains, including lower power costs and optimized operations, contributing to improved netbacks.

Strategic Investment in Exploration

Advancing the Llanos Foothills exploration plans for 2026, and planning to spud 1 to 2 exploration wells in the Foothills next year.

Parex Resources (TSE:PXT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:PXT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	- / -	0.897	―	―	―
Jul 30, 2025	2025 (Q2)	0.57 / 0.69	0.055	1150.00% (+0.64)	―
May 08, 2025	2025 (Q1)	0.67 / 1.13	0.801	41.38% (+0.33)	―
Mar 05, 2025	2024 (Q4)	1.02 / -0.97	1.767	-154.69% (-2.73)	―
Nov 06, 2024	2024 (Q3)	1.10 / 0.90	1.56	-42.48% (-0.66)	―
Jul 31, 2024	2024 (Q2)	1.09 / 0.06	1.311	-95.79% (-1.26)	―
May 08, 2024	2024 (Q1)	1.04 / 0.80	1.325	-39.58% (-0.52)	―
Feb 29, 2024	2023 (Q4)	1.45 / 1.77	3.161	-44.10% (-1.39)	―
Nov 07, 2023	2023 (Q3)	1.23 / 1.56	0.814	91.53% (+0.75)	―
Aug 02, 2023	2023 (Q2)	1.38 / 1.31	1.712	-23.39% (-0.40)	―

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

TSE:PXT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	C$15.15	C$16.11	+6.34%
May 08, 2025	C$10.29	C$11.07	+7.67%
Mar 05, 2025	C$11.88	C$11.62	-2.22%
Nov 06, 2024	C$12.19	C$12.87	+5.59%

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.

FAQ

When does Parex Resources (TSE:PXT) report earnings?

Parex Resources (TSE:PXT) is schdueled to report earning on Nov 05, 2025, TBA (Confirmed).

What is Parex Resources (TSE:PXT) earnings time?

Parex Resources (TSE:PXT) earnings time is at Nov 05, 2025, TBA (Confirmed).

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