PrairieSky Royalty Ltd
PSK
ISIN null / Valor 24259909
PrairieSky Royalty Ltd
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About company
PrairieSky Royalty Ltd. is a Canadian company listed on the Toronto Stock Exchange under the symbol PSK, specializing in the management of oil and gas royalty interests. It holds a substantial portfolio of royalty properties, encompassing 18 million acres across Western Canada, including regions in Alberta, Saskatchewan, British Columbia, and Manitoba. The company owns 9.7 million acres of fee simple mineral title lands and 8.3 million acres of gross overriding royalty interests. PrairieSky's business model is centered on generating royalty revenues from petroleum and natural gas production conducted by third parties on its lands, without directly engaging in exploration or production activities. This approach allows PrairieSky to maintain a low-risk profile while benefiting from the development activities of other companies. The company focuses on maximizing free cash flow, which it aims to return to shareholders through dividends and share repurchases.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (21.11.2025):
PrairieSky Royalty Ltd. — Q2 2025: The company reported second‑quarter results for the three months ended June 30, 2025, highlighted by record oil royalty production of 14,376 bbls/d, royalty revenue of $111.2 million and funds from operations of $96.7 million ($0.41/share). Total revenues were $123.6 million, net earnings were $56.3 million ($0.24/share), a dividend of $0.26/share was declared (payout ratio 63%), and the company exited the quarter with net debt of $242.0 million.
Production
Record oil royalty production of 14,376 bbls/d in Q2 2025 (up 8% vs Q2 2024), total royalty production 26,457 BOE/d. NGL averaged 2,348 bbls/d and natural gas averaged 58.4 MMcf/d.
Revenues & Funds from Operations
Royalty production revenue $111.2M; total revenues $123.6M. Funds from operations were $96.7M ($0.41/share) in the quarter and $182.5M year‑to‑date.
Commodity Pricing
Realized crude oil price $73.16/bbl, NGL $35.47/bbl and natural gas $1.50/Mcf; total realized $46.19/BOE. WTI averaged US$63.76/bbl in the quarter and the CAD/USD rate averaged 0.7228.
Revenue Mix & Variances
Oil and NGL represented ~93% of royalty revenue. Oil royalty revenue was $95.7M (down 14% vs Q2 2024) despite higher volumes; natural gas royalty revenue rose to $7.9M (up ~80% YoY) driven by stronger AECO pricing. Other revenue was $12.4M, including $8.5M bonus consideration from new leases.
Dividends & Capital Allocation
A dividend of $0.26/share ($61.2M) was declared (63% payout ratio). Excess FFO funded $6.5M of royalty acquisitions and share repurchases (84,020 shares repurchased and cancelled; $2.0M repurchased in the quarter with an additional $11.0M allocated to repurchases to be settled after quarter end).
Balance Sheet & Liquidity
Net debt at June 30, 2025 was $242.0M. Subsequent to quarter end PrairieSky expanded its unsecured, covenant‑based credit facility by $250M (accordion exercised), increasing the total commitment available to $600M to boost liquidity and flexibility.
Activity & Drilling
Third‑party operators spud 117 wells on PrairieSky acreage in Q2 2025 at an average royalty rate of 4.8% (vs 115 wells at 6.6% in Q2 2024). Multilateral horizontal drilling reached a record 52% of spuds (61 wells), including 47 Clearwater wells; Duvernay activity remains strong with year‑to‑date spuds supporting expected royalty additions in Q3.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4434 M
Market cap (USD)
187,443
Daily traded volume (Shares)
28.04 / 27.31
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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