Upcoming Dividend • Jun 25
Upcoming dividend of CA$0.27 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 15 July 2026. The company is paying out more than 100% of its profits and is paying out 81% of its cash flow. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.0%). Declared Dividend • May 20
First quarter 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 3.5%, which is higher than the industry average of 3.1%. 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • Feb 09
PrairieSky Royalty Ltd., Annual General Meeting, Apr 20, 2026 PrairieSky Royalty Ltd., Annual General Meeting, Apr 20, 2026. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • Feb 05
PrairieSky Royalty Ltd., Annual General Meeting, Apr 14, 2025 PrairieSky Royalty Ltd., Annual General Meeting, Apr 14, 2025. Tillkännagivande • 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. 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 1.5% decline forecast for the Oil and Gas industry in Europe. 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 21% 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 07
Now 22% undervalued Over the last 90 days, the stock has risen 5.1% to €18.40. The fair value is estimated to be €23.59, 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 4.4%, which is higher than the industry average of 3.1%. 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. Tillkännagivande • 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. 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 expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 36%. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 26% per year. Declared Dividend • Jun 10
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 4.4%, which is higher than the industry average of 3.1%. 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. Tillkännagivande • 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 1.1% growth forecast for the Oil and Gas industry in Germany. 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 29% per year. Tillkännagivande • 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 German dividend payers (5.0%). Higher than average of industry peers (3.4%). Declared Dividend • Mar 14
Fourth quarter dividend of CA$0.25 announced Shareholders will receive a dividend of CA$0.25. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.1%. 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. Tillkännagivande • 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. Reported Earnings • Feb 13
Full year 2023 earnings released: EPS: CA$0.95 (vs CA$1.33 in FY 2022) 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 is forecast to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. 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 24% per year, which means it is significantly lagging earnings growth. Tillkännagivande • 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. Buying Opportunity • Dec 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €19.29, 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 German dividend payers (5.1%). Higher than average of industry peers (3.1%). Tillkännagivande • 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. Tillkännagivande • 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 €498k worth of stock On the 29th of November, Margaret McKenzie bought around 30k shares on-market at roughly €16.61 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 €1.7m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 29
Independent Director recently bought €308k worth of stock On the 26th of October, Margaret McKenzie bought around 19k shares on-market at roughly €16.21 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 €847k more in shares than they have sold in the last 12 months. Reported Earnings • Oct 25
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 4.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in Germany. 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 46% per year, which means it is significantly lagging earnings growth. Tillkännagivande • 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. Tillkännagivande • 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 German dividend payers (4.8%). Higher than average of industry peers (2.4%). Tillkännagivande • 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. Tillkännagivande • 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. 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 expected to decline by 38% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.0%. 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 German dividend payers (4.7%). Higher than average of industry peers (2.3%). Tillkännagivande • 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 €141k worth of stock On the 20th of April, Anuroop Duggal bought around 10k shares on-market at roughly €14.09 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 €554k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 18
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 decline by 41% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.7%. 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 42% 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 German dividend payers (4.7%). Higher than average of industry peers (1.4%). Recent Insider Transactions • Mar 17
President recently bought €137k worth of stock On the 15th of March, Andrew Phillips bought around 10k shares on-market at roughly €13.70 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 €420k worth in shares. Reported Earnings • Feb 07
Full year 2022 earnings released: EPS: CA$1.33 (vs CA$0.55 in FY 2021) Full year 2022 results: EPS: CA$1.33 (up from CA$0.55 in FY 2021). Revenue: CA$643.3m (up 119% from FY 2021). Net income: CA$317.5m (up 158% from FY 2021). Profit margin: 49% (up from 42% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 35% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.3%. 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 14% 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 German dividend payers (5.1%). Higher than average of industry peers (1.2%). Recent Insider Transactions • Nov 24
Independent Director recently bought €76k worth of stock On the 18th of November, P. Gavan bought around 5k shares on-market at roughly €15.29 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 €971k more in shares than they have sold in the last 12 months. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Leanne Bellegarde was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Leanne Bellegarde was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CA$0.32 (vs CA$0.15 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.32 (up from CA$0.15 in 3Q 2021). Revenue: CA$154.7m (up 103% from 3Q 2021). Net income: CA$76.2m (up 126% from 3Q 2021). Profit margin: 49% (up from 44% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 17% p.a. on average during the next 2 years compared to a 4.7% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Oct 20
PrairieSky Royalty Ltd. to Report Q2, 2023 Results on Jul 17, 2023 PrairieSky Royalty Ltd. announced that they will report Q2, 2023 results on Jul 17, 2023 Recent Insider Transactions • Sep 29
Independent Chairman of the Board recently sold €216k worth of stock On the 21st of September, James Estey sold around 15k shares on-market at roughly €14.42 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.12 per share Eligible shareholders must have bought the stock before 28 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.2%). Recent Insider Transactions • Jul 22
President recently bought €96k worth of stock On the 20th of July, Andrew Phillips bought around 7k shares on-market at roughly €13.77 per share. 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 €624k worth in shares. Reported Earnings • Jul 20
Second quarter 2022 earnings released: EPS: CA$0.46 (vs CA$0.12 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.46 (up from CA$0.12 in 2Q 2021). Revenue: CA$191.4m (up 194% from 2Q 2021). Net income: CA$110.1m (up 300% from 2Q 2021). Profit margin: 57% (up from 42% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 25%, compared to a 37% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.12 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.3%). Recent Insider Transactions • May 05
President recently bought €57k worth of stock On the 3rd of May, Andrew Phillips bought around 4k shares on-market at roughly €12.86 per share. In the last 3 months, they made an even bigger purchase worth €113k. Andrew has been a buyer over the last 12 months, purchasing a net total of €447k worth in shares. Reported Earnings • Apr 19
First quarter 2022 earnings released: EPS: CA$0.27 (vs CA$0.082 in 1Q 2021) First quarter 2022 results: EPS: CA$0.27 (up from CA$0.082 in 1Q 2021). Revenue: CA$139.9m (up 144% from 1Q 2021). Net income: CA$63.9m (up 247% from 1Q 2021). Profit margin: 46% (up from 32% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 41%, compared to a 45% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.12 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.6%). Recent Insider Transactions • Feb 27
President recently bought €113k worth of stock On the 25th of February, Andrew Phillips bought around 10k shares on-market at roughly €11.35 per share. In the last 3 months, there was an even bigger purchase from another insider worth €452k. Andrew has been a buyer over the last 12 months, purchasing a net total of €342k worth in shares. Reported Earnings • Feb 08
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CA$0.55 (up from CA$0.14 in FY 2020). Revenue: CA$308.0m (up 93% from FY 2020). Net income: CA$123.3m (up 289% from FY 2020). Profit margin: 40% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 31%, compared to a 81% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Tillkännagivande • Feb 08
PrairieSky Royalty Ltd. Increase Annual Dividend for 2022, Payable Quarterly PrairieSky Royalty Ltd. announced 33% increase in its annual dividend to $0.48 per common share in 2022, to be paid on a quarterly basis effective for the March 31, 2022 record date. Upcoming Dividend • Dec 23
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 17 January 2022. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.4%). Recent Insider Transactions • Dec 17
Independent Director recently bought €452k worth of stock On the 15th of December, Robert Robotti bought around 50k shares on-market at roughly €9.05 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.8m more in shares than they have sold in the last 12 months. Tillkännagivande • Dec 17
PrairieSky Royalty Ltd. has completed a Follow-on Equity Offering in the amount of CAD 230.0713 million. PrairieSky Royalty Ltd. has completed a Follow-on Equity Offering in the amount of CAD 230.0713 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 17,169,500
Price\Range: CAD 13.4
Discount Per Security: CAD 0.536 Tillkännagivande • Dec 16
PrairieSky Royalty Ltd. (TSX:PSK) completed the acquisition of Western Canadian Royalty Assets of Heritage Royalty for approximately CAD 730 million. PrairieSky Royalty Ltd. (TSX:PSK) entered into a definitive agreement to acquire Western Canadian Royalty Assets of Heritage Royalty for approximately CAD 730 million on November 29, 2021. The aggregate price shall be CAD 728 million allocated as Proprietary Seismic Data CAD 23 million, Miscellaneous Interests CAD 1.00 and Fee Simple Lands and Acquired Royalty Interests CAD 704.999 million . The Acquisition will be funded through a new CAD 500 million term loan provided by TD Securities Inc., and a concurrent CAD 200 million bought deal equity financing led by TD Securities Inc. and RBC Capital Markets as joint bookrunners and co-led by CIBC Capital Markets and BMO Capital Markets on behalf of a syndicate of underwriters. PrairieSky has entered into an approximate CAD 200 million bought deal equity financing whereby a syndicate of underwriters led by TD Securities Inc. and RBC Capital Markets as joint bookrunners and co-led by CIBC Capital Markets and BMO Capital Markets have agreed to purchase 14,930,000 million common shares of the Company at a price of CAD 13.40 per Common Share. If the over-allotment option is exercised in full, the Company will receive aggregate gross proceeds of approximately CAD 230 million. The Acquisition is subject to applicable regulatory approvals and satisfaction of certain other closing conditions customary in transactions of this nature, including approval under the Competition Act (Canada). The Acquisition is expected to close in December 2021, with an effective date of December 31, 2021. Immediately accretive to funds from operations per share and expected to be approximately 17% accretive to funds from operations per share in 2022. BMO Nesbitt Burns Inc. is the financial advisor to Heritage Resource LP.
PrairieSky Royalty Ltd. (TSX:PSK) completed the acquisition of Western Canadian Royalty Assets of Heritage Royalty on December 15, 2021. The CAD 500 million term loan provided by TD Securities was not drawn upon to fund the acquisition and was terminated. Tillkännagivande • Dec 01
PrairieSky Royalty Ltd. (TSX:PSK) entered into a definitive agreement to acquire Western Canadian Royalty Assets of Heritage Royalty for approximately CAD 730 million. PrairieSky Royalty Ltd. (TSX:PSK) entered into a definitive agreement to acquire Western Canadian Royalty Assets of Heritage Royalty for approximately CAD 730 million on November 29, 2021. The Acquisition will be funded through a new CAD 500 million term loan provided by TD Securities Inc., and a concurrent CAD 200 million bought deal equity financing led by TD Securities Inc. and RBC Capital Markets as joint bookrunners and co-led by CIBC Capital Markets and BMO Capital Markets on behalf of a syndicate of underwriters. PrairieSky has entered into an approximate CAD 200 million bought deal equity financing whereby a syndicate of underwriters led by TD Securities Inc. and RBC Capital Markets as joint bookrunners and co-led by CIBC Capital Markets and BMO Capital Markets have agreed to purchase 14,930,000 million common shares of the Company at a price of CAD 13.40 per Common Share. If the over-allotment option is exercised in full, the Company will receive aggregate gross proceeds of approximately CAD 230 million. The Acquisition is subject to applicable regulatory approvals and satisfaction of certain other closing conditions customary in transactions of this nature, including approval under the Competition Act (Canada). The Acquisition is expected to close in December 2021, with an effective date of December 31, 2021. Immediately accretive to funds from operations per share and expected to be approximately 17% accretive to funds from operations per share in 2022. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CA$0.15 (vs CA$0.041 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$78.1m (up 93% from 3Q 2020). Net income: CA$33.7m (up 259% from 3Q 2020). Profit margin: 43% (up from 23% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 16% share price gain to €10.90, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.36 per share. Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 28 September 2021. Payment date: 15 October 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.2%). Reported Earnings • Jul 20
Second quarter 2021 earnings released: EPS CA$0.12 (vs CA$0.002 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$69.8m (up 176% from 2Q 2020). Net income: CA$27.5m (up CA$27.9m from 2Q 2020). Profit margin: 39% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.065 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 15 July 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.9%). Recent Insider Transactions • May 29
Independent Director recently bought €223k worth of stock On the 26th of May, Robert Robotti bought around 25k shares on-market at roughly €9.06 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €908k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 21
First quarter 2021 earnings released: EPS CA$0.08 (vs CA$0.037 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$59.5m (up 20% from 1Q 2020). Net income: CA$18.4m (up 114% from 1Q 2020). Profit margin: 31% (up from 17% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 24
Upcoming dividend of CA$0.065 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 15 April 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.6%). Is New 90 Day High Low • Feb 24
New 90-day high: €8.30 The company is up 20% from its price of €6.90 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.23 per share. Recent Insider Transactions • Feb 21
President recently bought €49k worth of stock On the 12th of February, Andrew Phillips bought around 7k shares on-market at roughly €7.58 per share. In the last 3 months, there was an even bigger purchase from another insider worth €530k. Andrew has been a buyer over the last 12 months, purchasing a net total of €124k worth in shares. Recent Insider Transactions • Feb 13
Independent Director recently bought €530k worth of stock On the 10th of February, Robert Robotti bought around 70k shares on-market at roughly €7.57 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €664k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 11
Full year 2020 earnings released: EPS CA$0.14 (vs CA$0.48 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$159.7m (down 36% from FY 2019). Net income: CA$31.7m (down 72% from FY 2019). Profit margin: 20% (down from 45% in FY 2019). The decrease in margin was driven by lower revenue. Oil reserves and sales price Proven reserves: 11.742 MMbbls Average sales price/bbl: US$38.05 Gas reserves and sales price Proven reserves: 123.182 Bcf Average sales price/mcf: US$1.61 LNG reserves and sales price Proven reserves: 5.088 MMbbls Average sales price/bbl: US$22.93 Combined production and costs Oil equivalent production: 7.195 MMboe (7.941 MMboe in FY 2019) Average production cost/Boe: US$2.84 Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 26% per year. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue beats expectations Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 34%, compared to a 23% growth forecast for the Oil and Gas industry in Germany. Is New 90 Day High Low • Feb 06
New 90-day high: €7.60 The company is up 39% from its price of €5.45 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.27 per share. Tillkännagivande • Feb 06
PrairieSky Royalty Ltd., Annual General Meeting, Apr 20, 2021 PrairieSky Royalty Ltd., Annual General Meeting, Apr 20, 2021. Tillkännagivande • Feb 05
PrairieSky Royalty Ltd. to Report Q1, 2021 Results on Apr 19, 2021 PrairieSky Royalty Ltd. announced that they will report Q1, 2021 results on Apr 19, 2021 Is New 90 Day High Low • Jan 21
New 90-day high: €7.35 The company is up 32% from its price of €5.55 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 58% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.90 per share. 