Parex Resources (TSE:PXT)
TSX:PXT
Earnings Data
Report Date
May 13, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
1.14Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, meaningful reserve and production growth, successful technical milestones (multilaterals), and robust shareholder returns and capital efficiency. These positives substantially outweigh the key challenges, which are primarily external (commodity price softness, widening heavy‑oil differentials) and near‑term uncertainties around pricing and M&A disclosure. Management presented a constructive outlook supported by inventory, low‑cost development opportunities in Putumayo and technical proof points to drive future growth.Company Guidance
Full-Year and Quarterly Production Growth
Full-year 2025 average production ~45,000 barrels/day (met budgeted guidance); Q4 production averaged 48,606 BOE/day and year-to-date production is ~46,000 BOE/day, reflecting second-half growth and successful new operations.
Block 32 (Frontera Acquisition) Outperformance
Since taking full control of Frontera assets, Parex increased peak production to more than 3x pre-acquisition levels, added significant reserves, and executed Colombia's first four-leg multilateral well demonstrating strong execution and scale-up capability.
Strong Near-Field Exploration Results
2025 near-field exploration program delivered a 75% success rate, indicating repeatable, high-quality prospect selection and execution.
Putumayo Early Wins and Low-Cost Production
Gained operational access and commenced drilling across multiple Putumayo blocks: Orito initial shallow horizontal producing ~600 bbl/day gross (1,700 ft horizontal), Area Sur recomplete produced ~1,500 bbl/day gross, and Occidente logs encouraging — all on acreage with >1.8 billion barrels oil in place and multi‑block upside.
Technical Milestones and Capital Efficiency — Multilaterals
Drilled Colombia's first four-leg multilateral well (Llanos 32) and executed low-cost multilateral/horizontal programs (example: 1,700 ft horizontal at Orito), improving reservoir contact and capital efficiency for future development.
Reserves Growth and Replacement
Reserves per share grew across PDP, 1P and 2P categories; achieved over 100% reserves replacement (notably 152% in 2P) and FD&A recycle ratios of 2x or higher, reinforcing sustainable reserve additions.
Strong Asset Valuation Under Conservative Price
After-tax NAV per share using a $70/brent constant: CAD $23 (PDP), CAD $28 (1P), CAD $39 (2P), highlighting underlying asset value under a conservative price case.
Shareholder Returns and Capital Discipline
Returned USD 134 million in 2024/25 and CAD 2 billion total capital returned over the last eight years; reduced diluted share count by over 40% via share repurchases, enhancing per‑share metrics.
Solid Financial Cash Flow in a Softer Price Environment
Q4 funds flow from operations of $123 million ($1.28/share) despite a softer 2025 commodity backdrop (Brent in the low $60s), aided by production growth, improved production expense absorption and lower current tax.
TSE:PXT 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:PXT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | C$21.76 | C$22.42 | +3.03% |
Nov 04, 2025 | C$17.95 | C$17.76 | -1.08% |
Jul 30, 2025 | C$14.30 | C$15.21 | +6.33% |
May 08, 2025 | C$9.71 | C$10.46 | +7.67% |
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 Parex Resources (TSE:PXT) report earnings?
Parex Resources (TSE:PXT) is schdueled to report earning on May 13, 2026, TBA (Confirmed).
What is Parex Resources (TSE:PXT) earnings time?
Parex Resources (TSE:PXT) earnings time is at May 13, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:PXT EPS forecast?
TSE:PXT EPS forecast for the fiscal quarter 2026 (Q1) is 0.19.