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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
Tel: N/A
IR: See website
Key People
Andrew M. Phillips
President, Chief Executive Officer, Director
Pamela Kazeil
Chief Financial Officer, Vice President - Finance
Dan Bertram
Vice President - Business Development and Chief Commercial Officer
Daniel V. Riva Cambrin
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 fiscal year ended 31 December 2023, PrairieSky Royalty Ltd revenues decreased 20% to C$513.2M. Net income decreased 28% to C$227.6M. Revenues reflect Crude Oil segment decrease of 15% to C$374.6M, Oil Equivalent Production (Units/day), T decrease of 1% to 25K barrels per day. Net income also reflects Average Production Costs per unit, Total increase from C$0.5 to C$1.4 per barrel.
Employees: 65 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $513.20M as of Dec 31, 2023
EBITDA (TTM): $455.50M as of Dec 31, 2023
Net annual income (TTM): $227.60M as of Dec 31, 2023
Free cash flow (TTM): $31.80M as of Dec 31, 2023
Net Debt Last Fiscal Year: $188.10M as of Dec 31, 2023
Shares outstanding: 238,952,008 as of Jan 4, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization