The earnings call highlighted strong production growth and strategic acquisitions, especially in the U.S., alongside impressive financial performance. However, these positives were tempered by declines in benchmark oil prices and challenges in drilling activities both in the U.S. and Canada.

Company Guidance

During the Q2 results conference call, Freehold demonstrated strong performance metrics despite market volatility. The company achieved a production rate of 16,584 BOE per day, with a liquid weighting of 67%, marking a 9% production growth compared to last year. This was largely driven by strategic acquisitions in the Permian Basin and high-performing wells with initial production rates (IP30s) exceeding 73,000 BOE per day. Freehold's average net royalty interest on these wells was 1.1%, effectively doubling the average U.S. royalty interest rate. Financially, Freehold reported $57 million in funds from operations, equating to $0.35 per share, representing a 40% increase from four years ago at similar oil prices. The company also paid $44 million in dividends and invested $12 million in undeveloped U.S. mineral title lands, maintaining a net debt of $271 million with a trailing net debt to funds from operations ratio of 1.1x. Additionally, the company projected returns in the high teens to low 20s percentage range from recent land acquisitions.

Record Production Levels

Achieved production of 16,584 BOE a day with a liquid weighting of 67%, setting new high watermarks for Freehold.

Strategic Acquisitions Boost U.S. Positioning

9% production growth from Q2 last year, driven by strategic acquisitions in the U.S., particularly in the Permian Basin.

High Productivity Wells Contribution

31 new wells drilled with initial production rates (IP30s) over 73,000 BOE a day, significantly impacting 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 similar oil benchmark prices in 2021.

Successful Dividends and Investments

Paid $44 million in dividends and invested $12 million in acquiring undeveloped mineral title lands in the U.S.

Canadian Oil Plays Growth

Key Canadian oil plays grew by 10% compared to Q2 last year, now making up approximately 30% of Canadian production.

Freehold Royalties (TSE:FRU) 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

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TSE:FRU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	- / -	0.17	―	―	―
Jul 30, 2025	2025 (Q2)	0.15 / 0.04	0.26	-84.62% (-0.22)
May 13, 2025	2025 (Q1)	0.19 / 0.23	0.23	0.00% (0.00)
Mar 12, 2025	2024 (Q4)	0.36 / 0.33	0.23	43.48% (+0.10)
Nov 07, 2024	2024 (Q3)	0.30 / 0.17	0.28	-39.29% (-0.11)
Jul 31, 2024	2024 (Q2)	0.33 / 0.26	0.16	62.50% (+0.10)
May 06, 2024	2024 (Q1)	0.38 / 0.23	0.21	9.52% (+0.02)
Feb 28, 2024	2023 (Q4)	0.28 / 0.23	0.27	-14.81% (-0.04)	―
Nov 08, 2023	2023 (Q3)	0.22 / 0.28	0.42	-33.33% (-0.14)
Jul 31, 2023	2023 (Q2)	0.19 / 0.16	0.44	-63.64% (-0.28)

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:FRU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	C$13.54	C$13.34	-1.48%
May 13, 2025	C$11.87	C$12.27	+3.39%
Mar 12, 2025	C$11.98	C$11.87	-0.89%
Nov 07, 2024	C$12.99	C$12.90	-0.72%

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 (TSE:FRU) report earnings?

Freehold Royalties (TSE:FRU) is schdueled to report earning on Nov 05, 2025, TBA (Confirmed).

What is Freehold Royalties (TSE:FRU) earnings time?

Freehold Royalties (TSE:FRU) earnings time is at Nov 05, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

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