Record Production Levels
Achieved production of 16,584 BOE a day with a liquid weighting of 67%, marking new high watermarks for Freehold.
Strategic U.S. Expansion
9% production growth from the second quarter of last year due to strategic acquisitions, particularly in the Permian Basin.
High Productivity Wells
31 new wells with initial production rates of over 73,000 BOE a day, contributing significantly to production levels.
Strong Financial Performance
Funds from operations were $57 million in the quarter or $0.35 per share, marking a 40% increase in FFO per share compared to 2021.
Increased Leasing Activity
Bonus and leasing activity drove a combined $5.8 million in revenue for the first half of 2025.
Dividend Payments
$44 million paid in dividends to shareholders in the second quarter.
Balance Sheet Strength
Net debt of $271 million at the end of the second quarter, representing a 1.1x trailing net debt to funds from operations.