Declared Dividend • Apr 26
Dividend of CA$0.27 announced Shareholders will receive a dividend of CA$0.27. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 3.2%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (121% earnings payout ratio). However, it is covered by cash flows (81% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 34% to bring the payout ratio under control. EPS is expected to grow by 6.2% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Recent Insider Transactions • Apr 24
President recently bought CA$434k worth of stock On the 22nd of April, Andrew Phillips bought around 14k shares on-market at roughly CA$31.91 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of CA$1.5m worth in shares. Reported Earnings • Apr 21
First quarter 2026 earnings released: EPS: CA$0.24 (vs CA$0.24 in 1Q 2025) First quarter 2026 results: EPS: CA$0.24 (down from CA$0.24 in 1Q 2025). Revenue: CA$133.8m (up 9.7% from 1Q 2025). Net income: CA$55.8m (down 4.5% from 1Q 2025). Profit margin: 42% (down from 48% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Apr 21
PrairieSky Royalty Ltd. Declares Second Quarter 2026 Dividend, Payable on July 15, 2026 PrairieSky Royalty Ltd.'s board of directors has approved the Company's second quarter 2026 dividend of $0.265 per share or $61.6 million which is expected to be paid on July 15, 2026 to shareholders of record on June 30, 2026. Upcoming Dividend • Mar 24
Upcoming dividend of CA$0.27 per share Eligible shareholders must have bought the stock before 31 March 2026. Payment date: 15 April 2026. The company is paying out more than 100% of its profits and is paying out 96% of its cash flow. Trailing yield: 3.3%. Lower than top quartile of Canadian dividend payers (5.7%). In line with average of industry peers (3.5%). Declared Dividend • Feb 12
Fourth quarter dividend increased to CA$0.27 Dividend of CA$0.27 is 1.9% higher than last year. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 3.5%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio) nor is it adequately covered by cash flows (96% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 33% to bring the payout ratio under control. EPS is expected to grow by 6.0% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Feb 10
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CA$0.87 (down from CA$0.90 in FY 2024). Revenue: CA$478.2m (up 1.7% from FY 2024). Net income: CA$205.0m (down 4.8% from FY 2024). Profit margin: 43% (down from 46% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 3.3%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Feb 10
PrairieSky Royalty Ltd. Declares First Quarter 2026 Dividend, Payable on April 15, 2026 On February 9, 2026, PrairieSky's Board of Directors declared the first quarter dividend of CAD 0.265 per common share to shareholders of record on March 31, 2026 and payable on April 15, 2026. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Announcement • Feb 09
PrairieSky Royalty Ltd., Annual General Meeting, Apr 20, 2026 PrairieSky Royalty Ltd., Annual General Meeting, Apr 20, 2026. Upcoming Dividend • Dec 24
Upcoming dividend of CA$0.26 per share Eligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. The company is paying out more than 100% of its profits and is paying out 93% of its cash flow. Trailing yield: 3.8%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (4.4%). Declared Dividend • Dec 05
Third quarter dividend of CA$0.26 announced Shareholders will receive a dividend of CA$0.26. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 3.7%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio) nor is it adequately covered by cash flows (93% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control. However, EPS is expected to remain steady over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Dec 03
PrairieSky Royalty Ltd. Declares Quarterly Dividend, Payable on January 15, 2026 PrairieSky Royalty Ltd. announced that its Board of Directors has declared a quarterly dividend of CAD 0.26 per common share, payable in cash on January 15, 2026 to shareholders of record on December 31, 2025. This dividend is designated as an “eligible dividend” for Canadian income tax purposes. Reported Earnings • Oct 21
Third quarter 2025 earnings released: EPS: CA$0.20 (vs CA$0.20 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.20. Revenue: CA$114.8m (up 2.4% from 3Q 2024). Net income: CA$45.9m (down 3.0% from 3Q 2024). Profit margin: 40% (down from 42% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Oil and Gas industry in Canada. Announcement • Oct 21
PrairieSky Royalty Ltd. Announces Appointment of Ian Dundas to the Board of Directors Effective January 1, 2026 PrairieSky Royalty Ltd. announced the appointment of Ian Dundas to the Board of Directors effective January 1, 2026. Mr. Dundas brings over 25 years of oil and gas industry experience to the Board. He currently serves as a Director of Chord Energy and previously served as a Director and President and Chief Executive Officer of Enerplus Corporation. Mr. Dundas holds a Bachelor of Commerce with Distinction from the University of Calgary and a Bachelor of Laws with Distinction from the University of Alberta. He was called to the Alberta Bar in 1995. Upcoming Dividend • Sep 25
Upcoming dividend of CA$0.26 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 15 October 2025. The company is paying out more than 100% of its profits and is paying out 86% of its cash flow. Trailing yield: 3.9%. Lower than top quartile of Canadian dividend payers (5.8%). In line with average of industry peers (4.2%). Declared Dividend • Sep 11
Second quarter dividend of CA$0.26 announced Shareholders will receive a dividend of CA$0.26. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 4.2%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is covered by cash flows (86% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. However, EPS is expected to decline by 1.7% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Sep 09
PrairieSky Royalty Declares Quarterly Dividend, Payable on October 15, 2025 PrairieSky Royalty Ltd. announced that its Board of Directors has declared a quarterly dividend of CAD 0.26 per common share, payable in cash on October 15, 2025 to shareholders of record on September 29, 2025. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reported Earnings • Jul 15
Second quarter 2025 earnings released: EPS: CA$0.24 (vs CA$0.25 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.24 (down from CA$0.25 in 2Q 2024). Revenue: CA$123.6m (down 2.0% from 2Q 2024). Net income: CA$56.3m (down 6.6% from 2Q 2024). Profit margin: 46% (down from 48% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Jul 15
PrairieSky Royalty Ltd. Declares Dividend for the Second Quarter of 2025 PrairieSky Royalty Ltd. declared a dividend of $0.26 per share or $61.2 million in the quarter with a resulting payout ratio of 63%. Excess funds from operations after payment of the dividend were allocated to the acquisition of $6.5 million of incremental royalty interests focused on non-producing gross overriding royalty interests targeting Mannville heavy oil targets and share repurchases. Upcoming Dividend • Jun 23
Upcoming dividend of CA$0.26 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 15 July 2025. The company is paying out more than 100% of its profits and is paying out 85% of its cash flow. Trailing yield: 4.3%. Lower than top quartile of Canadian dividend payers (6.1%). In line with average of industry peers (4.7%). Declared Dividend • Jun 06
First quarter dividend of CA$0.26 announced Shareholders will receive a dividend of CA$0.26. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 4.4%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, it is covered by cash flows (85% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. However, EPS is expected to decline by 2.6% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jun 04
Prairiesky Royalty Declares Quarterly Dividend , Payable in Cash on July 15, 2025 PrairieSky Royalty Ltd. announced that its Board of Directors has declared a quarterly dividend of CAD 0.26 per common share, payable in cash on July 15, 2025 to shareholders of record on June 30, 2025. Recent Insider Transactions • May 29
President recently bought CA$919k worth of stock On the 28th of May, Andrew Phillips bought around 40k shares on-market at roughly CA$22.97 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of CA$2.0m worth in shares. Major Estimate Revision • Apr 21
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$549.3m to CA$532.2m. EPS estimate also fell from CA$1.09 per share to CA$0.92 per share. Net income forecast to grow 6.3% next year vs 12% growth forecast for Oil and Gas industry in Canada. Consensus price target down from CA$30.82 to CA$29.68. Share price rose 2.4% to CA$23.49 over the past week. Recent Insider Transactions • Apr 20
President recently bought CA$474k worth of stock On the 16th of April, Andrew Phillips bought around 20k shares on-market at roughly CA$23.70 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of CA$1.2m worth in shares. Reported Earnings • Apr 15
First quarter 2025 earnings released: EPS: CA$0.24 (vs CA$0.20 in 1Q 2024) First quarter 2025 results: EPS: CA$0.24 (up from CA$0.20 in 1Q 2024). Revenue: CA$122.0m (up 5.6% from 1Q 2024). Net income: CA$58.4m (up 23% from 1Q 2024). Profit margin: 48% (up from 41% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Apr 12
PrairieSky Royalty Ltd. to Report Q4, 2025 Results on Feb 09, 2026 PrairieSky Royalty Ltd. announced that they will report Q4, 2025 results on Feb 09, 2026 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$22.40, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 8x in the Oil and Gas industry in Canada. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$43.81 per share. Upcoming Dividend • Mar 27
Upcoming dividend of CA$0.26 per share Eligible shareholders must have bought the stock before 31 March 2025. Payment date: 15 April 2025. The company is paying out more than 100% of its profits and is paying out 75% of its cash flow. Trailing yield: 4.0%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (4.7%). Declared Dividend • Mar 13
Fourth quarter dividend increased to CA$0.26 Dividend of CA$0.26 is 4.0% higher than last year. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 3.9%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (111% earnings payout ratio). However, it is covered by cash flows (75% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control. EPS is expected to grow by 3.5% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Mar 11
PrairieSky Royalty Ltd. Declares Quarterly Cash Dividend, Payable on April 15, 2025 PrairieSky Royalty Ltd. announced that its Board of Directors has declared a quarterly dividend of CAD 0.26 per common share, payable in cash on April 15, 2025 to shareholders of record on March 31, 2025. Major Estimate Revision • Feb 25
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CA$0.94 to CA$1.09. Revenue forecast steady at CA$549.3m. Net income forecast to grow 152% next year vs 5.9% growth forecast for Oil and Gas industry in Canada. Consensus price target broadly unchanged at CA$31.09. Share price fell 3.7% to CA$26.44 over the past week. Reported Earnings • Feb 11
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CA$0.90 (down from CA$0.95 in FY 2023). Revenue: CA$509.2m (up 6.2% from FY 2023). Net income: CA$215.3m (down 5.4% from FY 2023). Profit margin: 42% (down from 48% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 11
PrairieSky Royalty Ltd. Announces Increase in its Annual Dividend Policy in 2025 and Expects its 2025 First Quarterly Dividend PrairieSky Royalty Ltd. announced 4% increase in its annual dividend policy to $1.04 per common share, to be paid on a quarterly basis $0.26 per common share quarterly. Subject to the approval of the Board of Directors, the first quarterly dividend of $0.26 per common share is expected to be effective for the March 31, 2025 record date. Announcement • Feb 05
PrairieSky Royalty Ltd., Annual General Meeting, Apr 14, 2025 PrairieSky Royalty Ltd., Annual General Meeting, Apr 14, 2025. Upcoming Dividend • Dec 24
Upcoming dividend of CA$0.25 per share Eligible shareholders must have bought the stock before 31 December 2024. Payment date: 15 January 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.6%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (4.8%). Buy Or Sell Opportunity • Dec 16
Now 20% undervalued Over the last 90 days, the stock has risen 3.4% to CA$28.46. The fair value is estimated to be CA$35.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 9.9% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Declared Dividend • Dec 06
Third quarter dividend of CA$0.25 announced Shareholders will receive a dividend of CA$0.25. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 3.4%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio). However, it is covered by cash flows (65% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. EPS is expected to grow by 4.0% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Dec 04
PrairieSky Royalty Ltd. Declares Quarterly Dividend, Payable on January 15, 2025 PrairieSky Royalty Ltd. announced that its Board of Directors has declared a quarterly dividend of CAD 0.25 per common share, payable in cash on January 15, 2025 to shareholders of record on December 31, 2024. Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$520.0m to CA$496.3m. EPS estimate also fell from CA$0.977 per share to CA$0.87 per share. Net income forecast to grow 93% next year vs 14% growth forecast for Oil and Gas industry in Canada. Consensus price target broadly unchanged at CA$30.94. Share price was steady at CA$27.22 over the past week. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CA$0.20 (vs CA$0.23 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.20 (down from CA$0.23 in 3Q 2023). Revenue: CA$117.3m (down 8.7% from 3Q 2023). Net income: CA$47.3m (down 15% from 3Q 2023). Profit margin: 40% (down from 43% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.7% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (102% payout ratio). Buy Or Sell Opportunity • Oct 15
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at CA$27.95. The fair value is estimated to be CA$35.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 9.4% in a year. Earnings are forecast to grow by 148% in the next year. Buy Or Sell Opportunity • Sep 25
Now 20% undervalued Over the last 90 days, the stock has risen 5.7% to CA$27.84. The fair value is estimated to be CA$34.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 9.4% in a year. Earnings are forecast to grow by 148% in the next year. Declared Dividend • Sep 12
Second quarter dividend of CA$0.25 announced Shareholders will receive a dividend of CA$0.25. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 3.8%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 2.8% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Sep 11
PrairieSky Royalty Ltd. Declares Quarterly Dividend, Payable on October 15, 2024 PrairieSky Royalty Ltd. announced that its Board of Directors has declared a quarterly dividend of CAD 0.25 per common share, payable in cash on October 15, 2024 to shareholders of record on September 27, 2024. Buy Or Sell Opportunity • Sep 04
Now 22% undervalued Over the last 90 days, the stock has risen 3.1% to CA$26.93. The fair value is estimated to be CA$34.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 9.4% in a year. Earnings are forecast to grow by 148% in the next year. Buy Or Sell Opportunity • Aug 20
Now 21% undervalued Over the last 90 days, the stock has risen 4.1% to CA$26.95. The fair value is estimated to be CA$34.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 9.4% in a year. Earnings are forecast to grow by 148% in the next year. Buy Or Sell Opportunity • Aug 02
Now 22% undervalued Over the last 90 days, the stock has risen 3.0% to CA$26.45. The fair value is estimated to be CA$33.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 9.4% in a year. Earnings are forecast to grow by 148% in the next year. Major Estimate Revision • Jul 22
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CA$1.23 to CA$0.985 per share. Revenue forecast steady at CA$522.5m. Net income forecast to grow 148% next year vs 31% growth forecast for Oil and Gas industry in Canada. Consensus price target up from CA$28.98 to CA$29.93. Share price was steady at CA$28.10 over the past week. Reported Earnings • Jul 16
Second quarter 2024 earnings released: EPS: CA$0.25 (vs CA$0.20 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.25 (up from CA$0.20 in 2Q 2023). Revenue: CA$135.6m (up 24% from 2Q 2023). Net income: CA$60.3m (up 26% from 2Q 2023). Profit margin: 45% (in line with 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.3% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jun 07
First quarter dividend of CA$0.25 announced Shareholders will receive a dividend of CA$0.25. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 3.8%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio). However, it is covered by cash flows (75% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. EPS is expected to grow by 3.3% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jun 06
PrairieSky Royalty Ltd. Declares Quarterly Dividend, Payable on July 15, 2024 PrairieSky Royalty Ltd. announced that its Board of Directors has declared a quarterly dividend of CAD 0.25 per common share, payable in cash on July 15, 2024 to shareholders of record on June 28, 2024. Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: CA$0.20 (vs CA$0.24 in 1Q 2023) First quarter 2024 results: EPS: CA$0.20 (down from CA$0.24 in 1Q 2023). Revenue: CA$120.7m (up 1.0% from 1Q 2023). Net income: CA$47.5m (down 16% from 1Q 2023). Profit margin: 39% (down from 48% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 28% per year. Announcement • Apr 05
PrairieSky Royalty Ltd. to Report Q2, 2024 Results on Jul 15, 2024 PrairieSky Royalty Ltd. announced that they will report Q2, 2024 results on Jul 15, 2024 Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.25 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. The company is paying out more than 100% of its profits and is paying out 88% of its cash flow. Trailing yield: 3.9%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (5.0%). Declared Dividend • Mar 15
Fourth quarter dividend increased to CA$0.25 Dividend of CA$0.25 is 4.2% higher than last year. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 3.8%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) nor is it adequately covered by cash flows (92% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. However, EPS is expected to decline by 6.7% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Mar 12
PrairieSky Royalty Ltd. Declares Quarterly Dividend, Payable on April 15, 2024 PrairieSky Royalty Ltd. announced that its Board of Directors has declared a quarterly dividend of CAD 0.25 per common share, payable in cash on April 15, 2024 to shareholders of record on March 28, 2024. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. Recent Insider Transactions • Feb 25
Director recently bought CA$298k worth of stock On the 20th of February, Glenn McNamara bought around 13k shares on-market at roughly CA$23.28 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth CA$744k. Insiders have collectively bought CA$3.4m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 14
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CA$0.95 (down from CA$1.33 in FY 2022). Revenue: CA$513.2m (down 17% from FY 2022). Net income: CA$227.6m (down 28% from FY 2022). Profit margin: 44% (down from 51% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 6.7%. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Feb 13
PrairieSky Royalty Ltd. Announces Increased Annual Dividend PrairieSky announced a 4% increase in its annual dividend to $1.00 per common share in 2024, to be paid on a quarterly basis ($0.25 per common share quarterly), effective for the March 29, 2024 record date. Buy Or Sell Opportunity • Feb 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to CA$21.50. The fair value is estimated to be CA$27.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 57%. Buy Or Sell Opportunity • Jan 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to CA$21.95. The fair value is estimated to be CA$27.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 57%. Buying Opportunity • Jan 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.3%. The fair value is estimated to be CA$27.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 57%. Upcoming Dividend • Dec 21
Upcoming dividend of CA$0.24 per share at 4.1% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 January 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.1%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (5.3%). Announcement • Dec 06
PrairieSky Royalty Ltd. Declares Quarterly Dividend, Payable in Cash on January 15, 2024 PrairieSky Royalty Ltd. announced that its Board of Directors has declared a quarterly dividend of CAD 0.24 per common share, payable in cash on January 15, 2024 to shareholders of record on December 29, 2023. Announcement • Dec 05
PrairieSky Royalty Ltd. Appoints Glenn McNamara t to Board of Directors PrairieSky Royalty Ltd. announced the appointment of Glenn McNamara to the Board of Directors effective December 4, 2023. Mr. McNamara is a Professional Engineer with more than forty years of oil and gas exploration and production experience in progressively more senior roles in Canada and across a variety of international regions, including South America, the United States, Europe and Asia Pacific. His extensive commercial and operational experience spans both large organizations and smaller entrepreneurial environments, most recently serving as President & Chief Executive Officer and a director of Heritage Royalty. Prior to, Mr. McNamara’s experience included serving as President of BG Canada, responsible for all aspects of BG Canada’s business and holding several senior executive positions with ExxonMobil, ExxonMobil Canada, and Mobil Oil Canada, including President of ExxonMobil Canada West. Recent Insider Transactions • Dec 03
Independent Director recently bought CA$744k worth of stock On the 29th of November, Margaret McKenzie bought around 30k shares on-market at roughly CA$24.79 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$2.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 29
Independent Director recently bought CA$449k worth of stock On the 26th of October, Margaret McKenzie bought around 19k shares on-market at roughly CA$23.61 per share. This transaction amounted to 7.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$1.2m more in shares than they have sold in the last 12 months. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CA$0.23 (vs CA$0.32 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.23 (down from CA$0.32 in 3Q 2022). Revenue: CA$133.1m (down 9.6% from 3Q 2022). Net income: CA$55.4m (down 27% from 3Q 2022). Profit margin: 42% (down from 52% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Announcement • Oct 24
PrairieSky Royalty Ltd. Announces Board Changes PrairieSky Royalty Ltd. announced the following planned changes to its board of directors at the next Annual General Meeting of Shareholders scheduled for April 23, 2024 (the 2024 AGM): James Estey, Chair of the Board, plans to retire as Board Chair and a director of the Company at the 2024 AGM; Grant Zawalsky will not stand for re-election as a director at the 2024 AGM. The company also announced the appointment of Anna Alderson to the board of directors effective October 23, 2023. Ms. Alderson will serve as a member of the company's audit committee. Ms. Alderson is an experienced Corporate Director based in Calgary with over 35 years of experience in all sectors of the energy industry as well as financial services. Ms. Alderson retired from KPMG in 2019 after a distinguished career as an audit partner in Calgary, Toronto and Hong Kong. Ms. Alderson is a Chartered Professional Accountant, holds her ICD.D designation from the Institute of Corporate Directors and earned a Bachelor of Commerce degree (with great distinction) from the University of Saskatchewan. Announcement • Oct 11
PrairieSky Royalty Ltd. Appoints Dan Bertram as Vice-President, Business Development and Chief Commercial Officer PrairieSky Royalty Ltd. announced the appointment of Dan Bertram as vice-president, business development and chief commercial officer. Mr. Bertram brings extensive leadership experience to PrairieSky in business development, strategy and planning, and finance. Mr. Bertram was most recently Senior Vice President and Chief Strategy Officer at Superior Plus Corp., a leading North American energy distributor. From 2019 to 2023, Mr. Bertram was the Vice President, Business Development at Certarus Ltd. and prior to, spent over five years at Alaris Royalty Corp. as Vice President, Business Development, leading their origination and deployment efforts. Earlier in his career, he worked for Deans Knight Capital Management as an Investment Analyst and spent time in the investment banking industry. Mr. Bertram graduated in finance from Boston College and holds a CFA designation. Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.24 per share at 3.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 16 October 2023. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (5.0%). Announcement • Sep 12
Prairiesky Royalty Ltd. Royalty Declares Quarterly Dividend, Payable on October 16, 2023 PrairieSky Royalty Ltd. announced that its Board of Directors has declared a quarterly dividend of CAD 0.24 per common share, payable in cash on October 16, 2023 to shareholders of record on September 29, 2023. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. Announcement • Aug 15
PrairieSky Royalty Ltd. Announces the Departure of Cameron Proctor, Chief Operating Officer PrairieSky Royalty Ltd. announced the departure of Cameron Proctor, Chief Operating Officer, from the Company. PrairieSky anticipates a smooth transition and will take time to review its current needs and priorities, including adding further depth to the leadership team for the next stage of development. Recent Insider Transactions Derivative • Jul 23
President exercised options to buy CA$460k worth of stock. On the 19th of July, Andrew Phillips exercised options to buy 18k shares at a strike price of around CA$26.54, costing a total of CA$469k. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. Since December 2022, Andrew's direct individual holding has increased from 856.52k shares to 874.02k. Company insiders have collectively bought CA$3.6m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Jul 18
Second quarter 2023 earnings released: EPS: CA$0.20 (vs CA$0.46 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.20 (down from CA$0.46 in 2Q 2022). Revenue: CA$117.4m (down 39% from 2Q 2022). Net income: CA$48.0m (down 56% from 2Q 2022). Profit margin: 41% (down from 57% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 1.1% decline forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.24 per share at 4.1% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (5.9%). Announcement • Jun 07
PrairieSky Royalty Ltd. Declares a Quarterly Dividend, Payable on July 17, 2023 PrairieSky Royalty Ltd. announced that its Board of Directors has declared a quarterly dividend of CAD 0.24 per common share, payable in cash on July 17, 2023 to shareholders of record on June 30, 2023. Recent Insider Transactions • Apr 23
Independent Director recently bought CA$208k worth of stock On the 20th of April, Anuroop Duggal bought around 10k shares on-market at roughly CA$20.81 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$802k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 19
First quarter 2023 earnings released: EPS: CA$0.24 (vs CA$0.27 in 1Q 2022) First quarter 2023 results: EPS: CA$0.24 (down from CA$0.27 in 1Q 2022). Revenue: CA$126.1m (down 6.7% from 1Q 2022). Net income: CA$56.8m (down 11% from 1Q 2022). Profit margin: 45% (down from 47% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 43% p.a. on average during the next 3 years compared to a 1.6% decline forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.24 per share at 4.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Canadian dividend payers (6.0%). Lower than average of industry peers (5.5%). Recent Insider Transactions • Mar 17
President recently bought CA$199k worth of stock On the 15th of March, Andrew Phillips bought around 10k shares on-market at roughly CA$19.92 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Andrew has been a buyer over the last 12 months, purchasing a net total of CA$580k worth in shares. Reported Earnings • Feb 07
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: CA$1.33 (up from CA$0.55 in FY 2021). Revenue: CA$619.3m (up 111% from FY 2021). Net income: CA$317.5m (up 158% from FY 2021). Profit margin: 51% (up from 42% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to fall by 33% p.a. on average during the next 3 years compared to a 2.5% decline forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of CA$0.24 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 16 January 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Canadian dividend payers (6.0%). Lower than average of industry peers (5.1%). Announcement • Dec 07
PrairieSky Royalty Ltd. Declares Quarterly Dividend, Payable on January 16, 2023 PrairieSky Royalty Ltd. announced that its Board of Directors has declared a quarterly dividend of CAD 0.24 per common share, payable in cash on January 16, 2023 to shareholders of record on December 30, 2022. Recent Insider Transactions • Nov 25
Independent Director recently bought CA$106k worth of stock On the 18th of November, P. Gavan bought around 5k shares on-market at roughly CA$21.19 per share. This transaction increased P.'s direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$1.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions Derivative • Nov 18
COO & Corporate Secretary exercised options to buy CA$734k worth of stock. On the 9th of November, Cameron Proctor exercised options to buy 34k shares at a strike price of around CA$21.58, costing a total of CA$738k. This transaction amounted to 24% of their direct individual holding at the time of the trade. Since December 2021, Cameron's direct individual holding has increased from 136.88k shares to 139.88k. Company insiders have collectively bought CA$2.1m more than they sold, via options and on-market transactions, in the last 12 months.