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PrairieSky Royalty (TSE:PSK)
TSX:PSK
Earnings Data
Report Date
Apr 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.2Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: -1.17%
|Next Earnings Date:Apr 14, 2025
Earnings Call Sentiment|Positive
PrairieSky demonstrated strong performance with consistent oil production growth, significant free cash flow generation, and successful acquisitions. However, challenges were noted in the natural gas segment due to pricing issues. Overall, the company's strategic actions and positive financial metrics indicate a positive outlook.Company Guidance
During the fourth quarter of 2024, PrairieSky Royalty achieved significant milestones, including a 6% organic growth in oil production, contributing to a total of 9.32 million barrels of royalty production for the year. This production generated $380.5 million in free cash flow, while oil reserves saw a 3.5% increase. The company also successfully completed four acquisitions totaling $73 million, expected to yield nearly 20% IRRs. Additionally, the rig count in Western Canada rose to 258 at the start of the year, signaling increased activity in the region. PrairieSky announced a 4% increase in its dividend to $1.04 per share, reflecting its strong financial performance and confidence in continued growth.Consistent Organic Oil Production Growth
PrairieSky achieved a 6% increase in oil production, marking the third consecutive year of high single-digit organic growth rates in oil per debt adjusted share.
Strong Free Cash Flow Generation
The company generated $380.5 million in free cash flow in 2024, maintaining steady cash flow performance year-over-year.
Dividend Increase
PrairieSky announced a 4% increase in its dividend to $1.04 per common share, reflecting confidence in future cash flows.
Successful Acquisitions
PrairieSky closed on four acquisitions totaling $73 million, expected to generate almost 20% IRRs, including significant mineral titles in Southeast Saskatchewan.
Growth in Duvernay Royalty Production
The Duvernay royalty production volumes increased by over 50% in 2024, with expected continued growth in 2025 driven by increased activity.
Leasing Activity and Bonus Issuance
Over 100 counterparties were engaged in leasing activity, resulting in a $30.8 million lease issuance bonus.
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TSE:PSK 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
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TSE:PSK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | C$27.35 | C$27.78 | +1.57% |
| Oct 28, 2024 | C$27.48 | C$27.86 | +1.37% |
| Jul 15, 2024 | C$27.98 | C$27.35 | -2.28% |
| Apr 22, 2024 | C$26.70 | C$26.30 | -1.49% |
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.
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FAQ
When does PrairieSky Royalty (TSE:PSK) report earnings?
PrairieSky Royalty (TSE:PSK) is schdueled to report earning on Apr 14, 2025, TBA Not Confirmed.
What is PrairieSky Royalty (TSE:PSK) earnings time?
PrairieSky Royalty (TSE:PSK) earnings time is at Apr 14, 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 TSE:PSK EPS forecast?
TSE:PSK EPS forecast for the fiscal quarter 2025 (Q1) is 0.23.
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