Parex Resources (TSE:PXT)
TSX:PXT
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Earnings Data
Report Date
Aug 05, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.8Last Year’s EPS
0.69Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive transformation story: major strategic transactions (Frontera acquisition and Ecopetrol partnership) substantially increase scale, reserves and pro forma production (to 82k–91k BOE/day), while strong exploration results (Block 111) and material cost efficiencies (≈65% lower exploration well costs) support attractive near- and medium-term cash generation. Financial execution (oversubscribed $500M note issuance) and solid FFO guidance ($475M–$525M H1 on a $90 Brent, and FFO netbacks of $30–$33/BOE) further bolster confidence. Offsetting items are near-term production softness, $17M of one-off costs, added debt at an 8.5% coupon and the potential for nonrecurring integration/financing charges to depress reported FFO in the short term. Overall, the strategic upside and strong execution metrics outweigh the near-term costs and risks.Company Guidance
Transformational Frontera Acquisition
Completed $725 million acquisition of Frontera adding ~37,000 BOE/day of production, materially increasing reserves and scale. Transaction expected to drive synergies (marketing, tax) and enable more efficient capital allocation across the portfolio.
Expanded Partnership with Ecopetrol (Magdalena)
Entered agreement to earn 50% in Casabe and Llanito via $250 million gross capital commitment over 5 years with no upfront cost. The mature Magdalena fields currently produce ~15,000 barrels/day and offer upside from EOR, waterflood optimization and development drilling.
Significant Pro Forma Production Scale
Upon completion of transactions, pro forma average production expected to be 82,000 to 91,000 BOE/day (nearly doubling corporate production) with a land position exceeding 7.9 million acres and a deeper, long-life reserves inventory.
Strong Exploration Execution and Cost Efficiency (Block 111)
Drilled 6 exploration wells (Block 111) with 4 positive results; one well in initial production at ~1,500 b/d. All 6 wells delivered on budget at approximately $2 million all-in vs typical ~$6 million per well — an approximate 65% reduction in exploration well costs driven by streamlined design and fast rig execution.
Robust Q1 Funds Flow and H1 Guidance
Q1 FFO was $114 million ($1.18/share) despite nonrecurring items. Second-half guidance (post-transactions) on a $90 Brent assumption: FFO netbacks ~$30–$33/BOE; half-year FFO expected $475–$525 million with CapEx $275–$295 million, illustrating strong cash-generating profile of transformed business.
Successful Capital Markets Execution
Raised $500 million of notes due 2031 at 8.5% priced at par and strongly oversubscribed, indicating investor support and market confidence in the combined company.
Operational Upside in Putumayo and VIM-1 Gas Asset
Putumayo operations progressing (Orito multilateral pilot nearly ready to test). VIM-1 La Belleza 3 well logged successfully; expected pipeline and sales next year with potential to be a strong, low-decline cash generator (plans to start gas blowdown and sales in 2H 2027).
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 |
|---|---|---|---|
May 12, 2026 | C$28.24 | C$27.23 | -3.58% |
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% |
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 Aug 05, 2026, TBA (Confirmed).
What is Parex Resources (TSE:PXT) earnings time?
Parex Resources (TSE:PXT) earnings time is at Aug 05, 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 (Q2) is 0.8.