Freehold Royalties Ltd. (T:FRU)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 1000, 517 - 10 Avenue SW CALGARY AB T2R 0A8 |
| Tel: | 1-403-2210833 |
| Website: | https://www.freeholdroyalties.com |
| IR: | See website |
| Key People | ||
| David M. Spyker President, Chief Executive Officer, Director | David Warren Hendry Chief Financial Officer, Vice President - Finance | Robert A. King Chief Operating Officer |
| Lisa N. Farstad Vice President - Corporate Services | Ian C. Hantke Vice President - Diversified Royalties | Susan Nagy Vice President - Business Development | Brianna E. C. Guenther General Counsel, Corporate Secretary |
| Business Overview |
| Freehold Royalties Ltd. is a Canada-based royalty company. The Company manages non-government portfolios of oil and natural gas royalties in Canada with an expanding land base in the United States. Its primary focus is to acquire and actively manage royalties, while providing a lower risk income vehicle for its shareholders. Its total land holdings encompass approximately 6.2 million gross acres in Canada. It has royalty interests in more than 19,000 producing wells and almost 400 units spanning five provinces and eight states and receives royalty income from over 360 industry operators throughout North America. It has two geographical segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada, and US includes petroleum and natural gas interests primarily held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins largely located in the states of Texas, Louisiana, and North Dakota. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Freehold Royalties Ltd revenues decreased 20% to C$314.6M. Net income decreased 37% to C$131.9M. Revenues reflect NGL segment decrease of 61% to C$25.7M, Canada segment decrease of 26% to C$183.1M, Gas Liquids Prod (Barrels)-Natural Gas L decrease of 49% to 645K barrels, Oil Equivalent Production-Canada decrease of 1% to 10K barrels per day, FFO per Share (Basic) decrease of 24% to C$1.59. |
| Employees: | 105 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,262M as of Dec 31, 2023 |
| Annual revenue (TTM): | $314.58M as of Dec 31, 2023 |
| EBITDA (TTM): | $285.84M as of Dec 31, 2023 |
| Net annual income (TTM): | $131.90M as of Dec 31, 2023 |
| Free cash flow (TTM): | $54.19M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $124.59M as of Dec 31, 2023 |
| Shares outstanding: | 150,689,334 as of Jan 10, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.
