PRAIRIESKY ANNOUNCES SECOND QUARTER 2025 RESULTS
Calgary, Alberta (July 14, 2025)
PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its second quarter operating and financial results for the period ended June 30, 2025.
Second Quarter Highlights:
• Record oil royalty production of 14,376 barrels per day, an 8% increase over Q2 2024(1). Total
royalty production averaged 26,457 BOE per day, a 4% increase over Q2 2024.
• Revenues totaled $123.6 million for Q2 2025(1) comprised of royalty production revenue of $111.2
million and other revenue of $12.4 million, including bonus consideration of $8.5 million earned on
entering into 47 new leasing arrangements primarily focused on the Duvernay light oil play.
• Funds from operations totaled $96.7 million or $0.41 per share, a decrease of 9% from Q2 2024
as record oil royalty production volumes, narrowed heavy and light oil price differentials and a
weaker Canadian dollar were offset by lower benchmark US$ WTI pricing.
• Declared a second quarter dividend of $61.2 million ($0.26 per share), representing a payout ratio of 63%.
• Purchased and cancelled 84,020 common shares under the Company’s normal course issuer bid ("NCIB") for $2.0 million.
• Completed acquisitions for $6.5 million, primarily of non-producing gross overriding royalty interests targeting Mannville oil.
• Net debt totaled $242.0 million as at June 30, 2025, a decrease of $16.8 million from March 31,
2025.
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