CALGARY, Alberta, Feb. 09, 2026 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce an increase to its annual dividend policy and its annual and fourth quarter operating and financial results for the period ended December 31, 2025. Annual Highlights Record annual oil royalty production volumes averaged 13,940 barrels per day, a 6% increase over YE 2024(1). Total royalty production averaged 25,855 BOE per day, a 3% increase over YE 2024.Royalty produc ...

Core Insights - PrairieSky Royalty Ltd. reported a strong performance in Q3 2025, with oil royalty production volumes increasing by 11% compared to Q3 2024, averaging 14,127 barrels per day [4][6] - The company generated total royalty production revenue of $107.7 million, contributing to funds from operations of $90.0 million, or $0.38 per share, despite a 3% decrease from Q3 2024 due to lower benchmark pricing [5][6] - PrairieSky declared a dividend of $0.26 per share, totaling $60.5 million, with a payout ratio of 67% [6][7] Financial Performance - Total revenues for Q3 2025 reached $114.8 million, including $7.1 million from other revenues, which included $4.8 million from new leasing arrangements [5][6] - Oil royalty production revenue decreased by 3% from Q3 2024, while natural gas royalty production revenue fell by 4% due to lower production volumes and challenging pricing [5][6] - Net debt increased to $281.7 million, up by $39.7 million from June 30, 2025 [6][7] Operational Highlights - The company averaged total royalty production of 25,687 BOE per day, a 5% increase over Q3 2024 [5][6] - There were 201 wells spud on PrairieSky's royalty acreage during the quarter, with a majority being oil wells [8] - Multilateral horizontal drilling contributed significantly, with a record 105 multilateral wells spud in the quarter [4][8] Director Appointment - Ian Dundas has been appointed to the Board of Directors effective January 1, 2026, bringing over 25 years of experience in the oil and gas industry [3][9] Future Outlook - The company anticipates continued growth in royalty production driven by ongoing activity in the Duvernay and Clearwater plays [21]

Core Insights - PrairieSky Royalty Ltd. reported record oil royalty production volumes of 14,376 barrels per day in Q2 2025, an 8% increase compared to Q2 2024, contributing to year-to-date oil royalty production of 13,941 barrels per day [3][6] - The company generated funds from operations totaling $96.7 million ($0.41 per share) in Q2 2025, a 9% decrease from Q2 2024, primarily due to lower US$ WTI benchmark pricing despite record production volumes [4][6] - PrairieSky declared a dividend of $0.26 per share, totaling $61.2 million, with a payout ratio of 63% [5][13] Financial Performance - Total revenues for Q2 2025 amounted to $123.6 million, consisting of $111.2 million in royalty production revenue and $12.4 million in other revenue, including $8.5 million from new leasing arrangements [4][6] - Oil royalty production revenue decreased by 14% from Q2 2024, totaling $95.7 million, attributed to lower benchmark pricing and a weaker Canadian dollar [4][6] - Natural gas royalty production volumes averaged 58.4 MMcf per day, generating $7.9 million in revenue, an 80% increase from Q2 2024, driven by improved benchmark pricing [4][6] Operational Highlights - Third-party operators spud 117 wells on PrairieSky's royalty acreage in Q2 2025, with 97% being oil wells, compared to 115 wells in Q2 2024 [7] - The company expects initial royalty production from multiple Duvernay wells in the West Shale Basin in Q3 2025, indicating continued growth in annual oil royalty production [3][4] - PrairieSky's net debt as of June 30, 2025, was $242.0 million, a decrease of $16.8 million from March 31, 2025 [5][13] Strategic Initiatives - The company allocated excess funds from operations to acquire $6.5 million in incremental royalty interests and repurchased 84,020 common shares for $2.0 million [5][6] - PrairieSky expanded its credit facility by $250 million, increasing the total available credit limit to $600 million, enhancing liquidity and financial flexibility [5][7] - The normal course issuer bid (NCIB) remains a key part of PrairieSky's long-term capital allocation strategy to create shareholder value [5][6]