Freehold Royalties Ltd.
Search documents
Freehold Royalties Declares Dividend for February 2026
Globenewswire· 2026-02-12 21:01
Core Viewpoint - Freehold Royalties Ltd. has declared a dividend of Cdn. $0.09 per common share, payable on March 16, 2026, to shareholders of record on February 27, 2026, designated as "eligible dividends" for Canadian income tax purposes [1]. Company Overview - Freehold Royalties Ltd. is a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and about 1.2 million gross drilling acres in the United States [2]. - The company's common shares are traded on the Toronto Stock Exchange under the symbol FRU [2]. Investor Relations - For further information, investors can contact Todd McBride, CPA, CMA, at Freehold Royalties Ltd. via phone at 403.221.0833 or email at tmcbride@freeholdroyalties.com [3].
Freehold Royalties Declares Dividend for January 2026
Globenewswire· 2026-01-15 21:01
Group 1 - Freehold Royalties Ltd. has declared a dividend of Cdn. $0.09 per common share, payable on February 17, 2026, to shareholders of record on January 30, 2026 [1] - The declared dividends are designated as "eligible dividends" for Canadian income tax purposes [1] - Freehold is a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and about 1.2 million gross drilling acres in the United States [2] Group 2 - Freehold's common shares are traded on the Toronto Stock Exchange under the symbol FRU [2]
Freehold Royalties Declares Dividend for December 2025
Globenewswire· 2025-12-15 21:01
Core Viewpoint - Freehold Royalties Ltd. has declared a dividend of Cdn. $0.09 per common share, payable on January 15, 2026, to shareholders of record on December 31, 2025, designated as "eligible dividends" for Canadian income tax purposes [1]. Group 1: Company Overview - Freehold Royalties Ltd. is a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and about 1.2 million gross drilling acres in the United States [2]. - The common shares of Freehold trade on the Toronto Stock Exchange under the symbol FRU [2]. Group 2: Investor Relations - For further information, the company can be contacted through Todd McBride, CPA, CMA, and Nick Thomson, CFA, who are part of the Investor Relations team [3].
Freehold Royalties Declares Dividend for December 2025
Globenewswire· 2025-12-15 21:01
Core Viewpoint - Freehold Royalties Ltd. has declared a dividend of Cdn. $0.09 per common share, payable on January 15, 2026, to shareholders of record on December 31, 2025, designated as "eligible dividends" for Canadian income tax purposes [1]. Company Overview - Freehold Royalties Ltd. is a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and about 1.2 million gross drilling acres in the United States [2]. - The company's common shares are traded on the Toronto Stock Exchange under the symbol FRU [2].
Freehold Royalties Announces Departure of Chief Operating Officer
Globenewswire· 2025-11-27 21:25
Core Viewpoint - Freehold Royalties Ltd. announces the departure of Chief Operating Officer Robert King and the elimination of the COO role as part of a restructuring strategy to align with the company's new operating structure [1]. Group 1: Management Changes - Robert King has left his position as Chief Operating Officer after six years with the company, contributing to its North American growth strategy [1]. - The company will redistribute the responsibilities of the COO role across the existing executive team following the termination of the management agreement with Rife Resources Ltd. [1]. Group 2: Company Overview - Freehold Royalties Ltd. is a leading North American energy royalty company, holding approximately 6.1 million gross acres in Canada and about 1.2 million gross drilling acres in the United States [2]. - The company's common shares are traded on the Toronto Stock Exchange under the symbol FRU [2].
Freehold Royalties Announces Third Quarter 2025 Results
Globenewswire· 2025-11-13 21:01
Core Insights - Freehold Royalties Ltd. reported a 10% increase in average production to 16,054 boe/d in Q3 2025 compared to Q3 2024, driven by a 33% increase in U.S. production and a 13% increase in heavy oil production in Canada [3][9] Financial Performance - The company generated $74 million in revenue and $59 million in funds from operations, equating to $0.36 per share [5][9] - Dividends paid during the quarter totaled $44 million, maintaining a payout of $0.27 per share [7][9] - The net debt was reduced by $7.3 million, resulting in a net debt to funds from operations ratio of 1.1x for the trailing 12 months [7][9] Production and Operations - Gross drilling activity totaled 282 wells, with 83 in Canada and 199 in the U.S., reflecting a 4% increase compared to the previous quarter [12][9] - The average realized price for petroleum and natural gas was $48.92/boe, with U.S. production priced at $56.54/boe and Canadian production at $42.44/boe [9][10] Leasing and Revenue - Bonus and leasing revenue reached $1.7 million for the quarter, totaling a record $7.6 million for the first three quarters of 2025, primarily from leasing activity in the Permian basin [6][9] - The company signed 34 new leases, contributing to the robust leasing revenue [9][16] Drilling Activity - In Canada, 83 gross wells were drilled, marking an 84% increase on a gross basis compared to the prior quarter, primarily focused on oil plays [14][17] - In the U.S., 199 gross wells were drilled, with 92% of the activity in the Permian basin [17][18] Credit Facilities - Freehold renewed and amended its credit facilities, increasing the total from $450 million to $500 million, with a committed facility of $480 million [19]
Freehold Royalties Announces Conference Call for Third Quarter Results
Globenewswire· 2025-11-06 21:05
Core Viewpoint - Freehold Royalties Ltd. is set to release its third quarter results on November 13, 2025, after market close, indicating a significant upcoming event for investors and analysts [1]. Group 1 - The conference call and webcast for the third quarter results will take place on November 14, 2025, at 9:30 am MT (11:30 am ET) [1]. - Research analysts are required to register in advance to participate in the call [1]. - A live audio webcast will be available for all investors and stakeholders to listen in or submit written questions [2].
Freehold Royalties Declares Dividend for October 2025
Globenewswire· 2025-10-15 20:01
Core Points - Freehold Royalties Ltd. has declared a dividend of Cdn. $0.09 per common share, payable on November 17, 2025, to shareholders of record on October 31, 2025 [1] - The declared dividends are classified as "eligible dividends" for Canadian income tax purposes [1] Company Overview - Freehold Royalties Ltd. is a leading North American energy royalty company, holding approximately 6.1 million gross acres in Canada and about 1.2 million gross drilling acres in the United States [2] - The company's common shares are traded on the Toronto Stock Exchange under the symbol FRU [2]
Freehold Royalties Declares Dividend for September 2025
Globenewswire· 2025-09-15 20:01
Core Viewpoint - Freehold Royalties Ltd. has declared a dividend of Cdn. $0.09 per common share, payable on October 15, 2025, to shareholders of record on September 30, 2025, designated as "eligible dividends" for Canadian income tax purposes [1]. Company Overview - Freehold Royalties Ltd. is a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and about 1.2 million gross drilling acres in the United States [2]. - The company's common shares are traded on the Toronto Stock Exchange under the symbol FRU [2].
Freehold Royalties Announces Second Quarter 2025 Results
GlobeNewswire News Room· 2025-07-30 20:01
Core Viewpoint - Freehold Royalties Ltd. reported a strong second quarter performance with increased production and funds from operations, despite lower oil prices compared to previous quarters [3][4][8]. Financial Performance - The company generated $78 million in revenue and $57 million in funds from operations, translating to $0.35 per share, which is a 40% increase from the first quarter of 2021 [4][8]. - Dividends paid to shareholders amounted to $44 million, maintaining a dividend payout ratio of 78% [6][9][38]. - The average realized price for petroleum and natural gas was $50.36 per barrel of oil equivalent (boe) [8][9]. Production and Operations - Total production reached 16,584 barrels of oil equivalent per day (boe/d), a 2% increase from the previous quarter and a 9% increase year-over-year [3][8]. - U.S. production contributed significantly, with a 7% growth over the first quarter of 2025, and accounted for 7,480 boe/d [3][8]. - The company drilled a total of 271 gross wells during the quarter, with 226 in the U.S. and 45 in Canada [11][12]. Leasing and Revenue - Bonus and leasing revenue was strong, generating $1.9 million in the second quarter and $5.8 million in the first half of 2025, marking a 50% increase from the previous record in 2018 [5][8]. - The company entered into 40 new leases during the second quarter, contributing to its leasing revenue [8][14]. Market Conditions - Oil prices in the second quarter were at their lowest since the first quarter of 2021, with West Texas Intermediate (WTI) averaging $63.74 per barrel [7][8]. - The company’s strategic focus on high-quality, liquids-weighted assets has positively impacted its financial performance despite the challenging market conditions [4][8].