Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | 1700-350 7 Ave SW CALGARY AB T2P 3N9 |
Tel: | N/A |
Website: | https://www.prairiesky.com |
IR: | See website |
Key People | ||
Andrew M. Phillips President, Chief Executive Officer, Director | Pamela P. Kazeil Chief Financial Officer, Vice President - Finance | Michael T. Murphy Vice President - Geosciences and Capital Markets | Daniel Bertram Vice President - Business Development and Chief Commercial Officer |
Business Overview |
PrairieSky Royalty Ltd. is a Canada-based royalty company. The Company has a geologically and geographically diverse portfolio of fee simple mineral title (Fee Lands), lessor interests in and to leases that are issued in respect of certain Fee Lands (Lessor Interests), crude oil and natural gas overriding royalty interests, gross overriding royalty interests, net profit interests and production payments on lands (GORR Interests) and other acreage spanning Alberta, Saskatchewan, British Columbia and Manitoba (the Royalty Properties). It owns approximately 9.7 million acres of fee simple mineral title lands and has 8.4 million acres of gross overriding royalty interests. The Company is focused on encouraging third parties to actively develop the Royalty Properties, while strategically seeking additional petroleum and natural gas royalty assets. Its operations include royalty income earned through crude oil, natural gas liquids (NGL) and natural gas produced on the Royalty Properties. |
Financial Overview |
For the nine months ended 30 September 2024, PrairieSky Royalty Ltd revenues decreased 1% to C$373.6M. Net income decreased 3% to C$155.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Depreciation, depletion and amortization increase of 6% to C$110.7M (expense). Dividend per share increased from C$0.72 to C$0.75. |
Employees: | 65 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $7,091M as of Sep 30, 2024 |
Annual revenue (TTM): | $510.20M as of Sep 30, 2024 |
EBITDA (TTM): | $452.50M as of Sep 30, 2024 |
Net annual income (TTM): | $222.50M as of Sep 30, 2024 |
Free cash flow (TTM): | $134.60M as of Sep 30, 2024 |
Net Debt Last Fiscal Year: | $103.60M as of Sep 30, 2024 |
Shares outstanding: | 239,000,000 as of Sep 30, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |