TSX:PXTOil and Gas
How Investors Are Reacting To Parex Resources (TSX:PXT) Reaffirming Production Guidance Amid Softer Quarterly Results
Parex Resources reported third quarter 2025 financial results, showing revenue of US$220.79 million and net income of US$50.48 million, and reaffirmed its full-year production guidance while maintaining its quarterly dividend at CA$0.385 per share.
Despite lower revenues and net income in the quarter compared to the previous year, the company highlighted increased nine-month net income and expects average production to surpass the higher end of its guidance range.
We'll now examine how...