Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Freehold Royalties (FRHLF)
OTHER OTC:FRHLF
Holding FRHLF?
Track your performance easily
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.25Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -8.82%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call for Q3 2024 highlighted significant growth and strong financial performance, particularly in liquids production and U.S. operations. Despite challenges from weak gas prices affecting production, the overall financial health and strategic positioning in the oil market underscore a positive outlook.Company Guidance
In the third quarter of 2024, Freehold Royalties demonstrated robust financial and operational performance, as detailed in their earnings call. The company highlighted a dividend yield of just under 8% and a payout ratio of 73%, supported by strong cash flows and a diversified oil-focused portfolio. Liquids production increased by 3% from Q3 2023, reaching 9,367 barrels per day, with a realized price of $54.36 per BOE, significantly surpassing Canadian royalty peers by 10% and 78%, respectively. Despite a minor drop in Canadian production to 9,075 BOE per day due to weak AECO gas prices, the impact on cash flow was minimal. The U.S. operations maintained near-record production levels at 5,533 BOE per day, with active drilling facilitated by 33 rigs. Freehold's strategic acquisition focus in the Permian and Eagle Ford basins contributed to a 278-well drilling count, a notable 11% increase from the previous year. Financially, the company generated $56 million in funds from operations, reduced net debt by $12 million to $187 million, and remains well below its debt target range, ensuring a solid foundation for future growth and shareholder returns.Strong Liquids Production Growth
Liquids production in Q3 was 9,367 barrels a day, up 3% from Q3 2023 and up 4% year-to-date compared to 2023.
Impressive Realized Pricing
Realized price of $54.36 per BOE was 10% and 78% higher than Canadian royalty peers.
Robust U.S. Production
U.S. production remained near record levels at 5,533 BOE a day in the quarter with significant drilling activity.
Strong Financial Performance
Funds from operations were $56 million with a 73% payout ratio and reduced net debt by $12 million to $187 million.
Increased Drilling Activity
A total of 278 wells drilled across the North American portfolio, an increase of 11% compared to Q3 last year.
---
FRHLF 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
---
FRHLF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $9.86 | $9.75 | -1.12% |
| Jul 31, 2024 | $9.92 | $9.55 | -3.73% |
| May 06, 2024 | $9.83 | $9.69 | -1.42% |
| Feb 28, 2024 | $9.77 | $9.51 | -2.66% |
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 Freehold Royalties (FRHLF) report earnings?
Freehold Royalties (FRHLF) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Freehold Royalties (FRHLF) earnings time?
Freehold Royalties (FRHLF) earnings time is at Feb 26, 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 FRHLF EPS forecast?
FRHLF EPS forecast for the fiscal quarter 2024 (Q4) is 0.25.
---