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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. 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