Company Overview - PrairieSky has an enterprise value of $6.4 billion[4] - The company's balance sheet is strong with a Debt/EBITDA ratio of 0.6x[5] - PrairieSky offers a sustainable annual dividend of $1.04 per common share, paid quarterly[6] - Since its IPO, PrairieSky has returned $2.4 billion to shareholders[8] - The company holds 18.5 million acres of royalty lands[9] Production and Growth - Oil and liquids account for 94% of YTD 2025 royalty production revenue[6] - Royalty oil production has grown by 7% YTD in 2025[10] - Clearwater royalty oil production has averaged approximately 2,450 bbl/d YTD, a 27% increase over the same period in 2024[34] - Duvernay royalty volumes have averaged an estimated 1,070 BOE/d YTD, with 80% being oil and liquids, representing an 87% increase over the same period in 2024[46] Financial Performance - In 2024, funds from operations were $380.5 million, primarily used for dividends of $239.0 million and a net debt reduction of 39% to $134.9 million[51] - The royalty operating margin for the nine months ended September 30, 2025, was 99%[60]