Freehold Royalties Announces Second Quarter 2025 Results
Freehold Royalties Announces Second Quarter 2025 Results, by @GlobeNewswire
CALGARY, Alberta, July 30, 2025 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces second quarter results for the…
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Second Quarter Highlights
- $78 million in revenue;
- $57 million in funds from operations ($0.35/share) (1)(2);
- $44 million in dividends paid ($0.27/share)(3);
- 11,047 bbls/d of total crude oil and natural gas liquids (NGLs) production, a 4% increase from the previous quarter and a 13% increase year-over-year;
- 67% weighting to liquids, an increase from 64% in the second quarter of 2024;
- 16,584 boe/d of total production, a 2% increase from the previous quarter and a 9% increase year-over-year;
- Gross drilling of 271 wells, comprised of 45 wells in Canada and 226 in the U.S.;
- Continued active leasing program with 40 new leases signed during the second quarter of 2025 (34 in Canada; 6 in the U.S.) contributing revenue of $1.9 million and $5.8 million in the first half of 2025; and
- $50.36/boe average realized price ($57.83/boe in the U.S. and $44.23/boe in Canada);
- 31% pricing premium on Freehold’s U.S. production reflecting higher liquids weighting, higher quality crude oil and reduced transportation costs.