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PrairieSky Royalty Ltd. (T:PSK)

Business Focus: Oil & Gas Exploration and Production (NEC)

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. Michael Murphy
Vice President - Geosciences and Capital Markets
Daniel Bertram
Vice President - Business Development and Chief Commercial Officer
Daniel V. Riva Cambrin
Controller
 
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). The Company is focused on encouraging third parties to actively develop the Royalty Properties, while strategically seeking additional petroleum and natural gas royalty assets that provide the Company with medium-term to long-term value enhancement potential. The Company's operations include royalty income earned through crude oil, natural gas liquids (NGL) and natural gas produced on the Royalty Properties.
Financial Overview
For the three months ended 31 March 2024, PrairieSky Royalty Ltd revenues decreased 4% to C$120.7M. Net income decreased 16% to C$47.5M. Revenues reflect Natural Gas segment decrease of 51% to C$10.7M. Net income also reflects Share-based compensation increase of 89% to C$8.7M (expense). Dividend per share increased from C$0.24 to C$0.25. Basic Earnings per Share excluding Extraordinary Items decreased from C$0.24 to C$0.20.
Employees: 65 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $507.80M as of Mar 31, 2024
EBITDA (TTM): $446.20M as of Mar 31, 2024
Net annual income (TTM): $218.30M as of Mar 31, 2024
Free cash flow (TTM): $90.90M as of Mar 31, 2024
Net Debt Last Fiscal Year: $175.90M as of Mar 31, 2024
Shares outstanding: 239,000,000 as of Mar 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization