The earnings call reflects a strong quarter with significant production growth, successful exploration, disciplined financial performance, and operational efficiency. Despite challenges from a softer price environment and increased operating costs, the company's robust operational and financial strategies have positioned it well for future growth.

Company Guidance

During the Parex Resources Third Quarter 2025 Conference Call, leadership provided robust guidance and performance metrics. The company reported a Q3 production average of 43,953 BOE per day with projections for Q4 to exceed the annual guidance's top range. Key operations at Cabrestero and LLA-34 showed strong reservoir performance, aided by secondary recovery and EOR programs. The acquisition of Llanos 32 led to a tripling of production rates. Exploration successes at LLA-74 and the ongoing VIM-1 project were highlighted, with expected results by year-end. Despite a softer price environment, financials were solid, with funds flow from operations at $105 million, and an FFO netback of $26.07 per BOE based on an average Brent price of $68.17 per barrel. The company maintained a strong financial position, hedged 25% of Q4 production, and projected capital expenditures to remain stable, with potential for additional capital deployment pending well results. Operating expenses for Q4 were expected to normalize around $12 to $13 per barrel.

Strong Production Performance

Q3 2025 production averaged 43,953 BOE per day, with October production averaging 49,300 BOE per day, representing a 12% increase from September.

Successful Exploration and Development

Delivered 5 near-field successes at LLA-74, leading to in-year production gains, and strong production ramp-up at Block 32 from 4,000 BOE per day in April to over 12,000 BOE per day.

Financial Resilience

Funds flow provided by operations grew to $105 million, with a steady FFO netback of $26.07 per BOE despite a softer price environment.

Operational Efficiency

Successful execution of waterflood phase at Cabrestero, polymer implementation 80% complete, with full completion expected by year-end.

Strong Balance Sheet

Maintained a strong balance sheet with ample liquidity, financial flexibility, and continued regular dividend coverage.

Parex Resources (TSE:PXT) 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

Daily Earnings Calendar >

TSE:PXT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 04, 2026	2025 (Q4)	- / -	-0.982	―	―	―
Nov 04, 2025	2025 (Q3)	0.62 / 0.73	0.912	-20.00% (-0.18)	―
Jul 30, 2025	2025 (Q2)	0.58 / 0.70	0.056	1150.00% (+0.65)	―
May 08, 2025	2025 (Q1)	0.68 / 1.15	0.814	41.38% (+0.34)	―
Mar 05, 2025	2024 (Q4)	1.04 / -0.98	1.796	-154.69% (-2.78)	―
Nov 06, 2024	2024 (Q3)	1.12 / 0.91	1.586	-42.48% (-0.67)	―
Jul 31, 2024	2024 (Q2)	1.11 / 0.06	1.333	-95.79% (-1.28)	―
May 08, 2024	2024 (Q1)	1.05 / 0.81	1.347	-39.58% (-0.53)	―
Feb 29, 2024	2023 (Q4)	1.47 / 1.80	3.213	-44.10% (-1.42)	―
Nov 07, 2023	2023 (Q3)	1.25 / 1.59	0.828	91.53% (+0.76)	―

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
Nov 04, 2025	C$18.59	C$18.39	-1.08%
Jul 30, 2025	C$14.81	C$15.75	+6.33%
May 08, 2025	C$10.06	C$10.83	+7.67%
Mar 05, 2025	C$11.62	C$11.36	-2.22%

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 Mar 04, 2026, TBA (Confirmed).

What is Parex Resources (TSE:PXT) earnings time?

Parex Resources (TSE:PXT) earnings time is at Mar 04, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

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