PrairieSky Royalty (TSE:PSK)
TSX:PSK
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Earnings Data
Report Date
Jul 20, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.24Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and financial tone: FFO grew 11%, production increased across key streams, Duvernay and Clearwater showed strong outperformance, and leasing activity accelerated. Management is returning capital via dividends and repurchases while signaling potential for meaningful debt reduction later in 2026. Risks noted included a transitory thermal decline that impacted quarterly volumes, the lumpy/non‑repeatable nature of lease bonuses, and sensitivity of activity and balance‑sheet progress to commodity prices and FX. On balance the positives — strong production growth, record Duvernay activity, rising leasing, and solid FFO — outweigh near‑term challenges and execution risks.Company Guidance
Funds from Operations and Revenue Growth
Funds from operations (FFO) of $94.9 million, an 11% increase versus Q1 2025, or $0.41 per share. Royalty revenue of $118.5 million and other revenue of $15.3 million for the quarter.
Production Growth Across Portfolio
Total production grew 4% year‑over‑year; oil royalty volumes increased 2% YoY; NGL production grew 6% YoY. Condensate and pentane remain at record highs, making up ~35% of the NGL stream.
Duvernay and Clearwater Outperformance
Record Duvernay activity with 26 wells spud (20 in West Shale Basin). Duvernay oil royalty volumes rose ~75% YoY and are expected to be the fastest-growing play in 2026. Clearwater oil production increased ~20% YoY and is positioned for sustained growth.
Leasing Activity and Bonus Consideration Surge
48 new leasing arrangements with 37 distinct oil & gas companies; lease bonus consideration of $12.3 million — more than double Q1 last year — viewed as a leading indicator of future development. Multilateral spuds increased to 66 in Q1 2026 from 41 in Q1 2025 (≈+61%).
Capital Allocation and Shareholder Returns
Declared dividends of $61.6 million in the quarter (payout ratio 65%), announced Q2 dividend of $0.265/share. Returned capital and uses of excess cash included $8.3 million in NCIB share repurchases (269,000 shares cancelled), $4.2 million of acquisitions, and $6 million of debt reduction.
Operational Activity and Reserve Optionality
201 spuds on PrairieSky lands versus 200 in the prior year despite a lower rig count. Management estimates current development inventory can replace ~9.5 million barrels of royalty production for 61 years; many recent leases are for exploration, indicating optionality for future discoveries.
Thermal and Other Play Development
Thermal volumes positioned for near-term growth with an 8-well pair pad at Lindbergh currently steaming and expected to ramp toward a PrairieSky peak of ~260 bbl/d. Mannville Stack oil estimated at >1,000 bbl/d in Q1 driven by winter drilling.
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
TSE:PSK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 20, 2026 | C$31.11 | C$31.65 | +1.74% |
Feb 09, 2026 | C$30.06 | C$29.24 | -2.74% |
Oct 20, 2025 | C$24.63 | C$24.79 | +0.64% |
Jul 14, 2025 | C$22.93 | C$23.47 | +2.38% |
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 PrairieSky Royalty (TSE:PSK) report earnings?
PrairieSky Royalty (TSE:PSK) is schdueled to report earning on Jul 20, 2026, After Close (Confirmed).
What is PrairieSky Royalty (TSE:PSK) earnings time?
PrairieSky Royalty (TSE:PSK) earnings time is at Jul 20, 2026, After Close (Confirmed).
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What is TSE:PSK EPS forecast?
Currently, no data Available