Declared Dividend • Jun 04
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.1%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (162% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 80% to bring the payout ratio under control. EPS is expected to grow by 254% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Tillkännagivande • Jun 01
Paramount Resources Ltd. Announces Dividend for the Month of June 2026, Payable on June 30, 2026 Paramount Resources Ltd. announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on June 30, 2026 to shareholders of record on June 15, 2026. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Recent Insider Transactions • May 25
Executive Vice President of Operations recently sold €481k worth of stock On the 20th of May, David Reid sold around 23k shares on-market at roughly €20.67 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. David has been a net seller over the last 12 months, reducing personal holdings by €1.2m. Recent Insider Transactions • May 20
Executive Vice President of Operations recently sold €482k worth of stock On the 13th of May, David Reid sold around 25k shares on-market at roughly €19.26 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. David has been a net seller over the last 12 months, reducing personal holdings by €671k. Tillkännagivande • May 14
Paramount Resources Ltd. Revises Production Guidance for the First Half and Full Year 2026 and 2027 Paramount Resources Ltd. revised production guidance for the first half and full year 2026 and 2027. For the first half of 2026, the company expects average sales volumes of between 43,000 Boe/d and 46,000 Boe/d (48% liquids), compared to previous guidance of 39,000 Boe/d to 44,000 Boe/d (47% liquids).
For the full year 2026, Paramount expects average sales volumes of between 48,000 Boe/d and 52,000 Boe/d (50% liquids), up from prior guidance of 46,000 Boe/d to 51,000 Boe/d (50% liquids).
For 2027, the company continues to expect annual sales volumes of between 60,000 Boe/d to 65,000 Boe/d (50% liquids) and a 2027 exit rate of production of over 100,000 Boe/d (35% liquids), representing more than double forecast 2026 midpoint sales volumes. Tillkännagivande • Apr 27
AKITA Drilling Ltd. (TSX:AKT.A) entered into a definitive agreement to acquire Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for CAD 75.9 million. AKITA Drilling Ltd. (TSX:AKT.A) entered into a definitive agreement to acquire Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for CAD 75.9 million on April 27, 2026. The purchase price includes issuance of 19,264,270 common shares to Paramount Resources Ltd. Following the completion, Paramount shareholders are expected to collectively hold approximately 33% of AKITA's outstanding Common Shares. A special meeting of AKITA shareholders to approve the Share Reorganization to be held in June 2026.
The transaction is subject to customary conditions, including the conditional approval of the TSX for the listing of the Common Shares and shareholder approvals.
Blake, Cassels & Graydon LLP acted as legal advisor for AKITA Drilling Ltd. Charles River Associates served as financial advisor to the board of directors of the AKITA Drilling Ltd. Peters & Co., Limited acted as financial advisor and Norton Rose Fulbright Canada LLP acted as legal advisor for Paramount Resources Ltd. Tillkännagivande • Apr 01
Paramount Resources Ltd. Announces April Month Dividend, Payable on April 30, 2026 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on April 30, 2026 to shareholders of record on April 15, 2026. The dividend will be designated as an eligible dividend for Canadian income tax purposes. Tillkännagivande • Mar 04
Paramount Resources Ltd., Annual General Meeting, May 12, 2026 Paramount Resources Ltd., Annual General Meeting, May 12, 2026. Location: doulton room, bankers hall conference centre, suite 400, 315 - 8th avenue s.w., alberta, calgary Canada Tillkännagivande • Mar 03
Paramount Resources Ltd. Provides Earnings Guidance for the First Half, Third Quarter,Fourth Quarter and Full Year of 2026 Paramount Resources Ltd. provided earnings guidance for the first half, third quarter, fourth quarter and full year of 2026. First half 2026 sales volumes are now expected to average between 39,000 Boe/d and 44,000 Boe/d (47% liquids), a 2,000 Boe/d increase from prior guidance. The increase reflects higher assumed reliability of the Alhambra Plant based on performance to date as well as stronger well productivity.
For the Second quarter sales volumes continue to be expected to be lower than first quarter volumes due to the timing of new well production, as well as a planned one-week outage at the Alhambra Plant in the second quarter to accommodate the expansion of the facility.
For the Third quarter 2026 average sales volumes are expected to be between 46,500 Boe/d and 51,500 Boe/d (51% liquids) as the second phase of the Alhambra Plant comes onstream. A one-month outage at the Leafland Plant is planned starting in July as the interconnection to the Alhambra Plant is put into service.
For the Fourth quarter 2026 average sales volumes are expected to be between 59,000 Boe/d and 64,000 Boe/d (53% liquids).
For the year 2026, The Company is increasing annual sales volumes guidance by 1,000 Boe/d to between 46,000 Boe/d and 51,000 Boe/d (50% liquids). Tillkännagivande • Feb 04
Paramount Resources Ltd. Announces Dividend for February, Payable on February 27, 2026 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on February 27, 2026 to shareholders of record on February 13, 2026. Tillkännagivande • Jan 02
Paramount Resources Ltd. Announces Dividend for January, Payable on January 30, 2026 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on January 30, 2026 to shareholders of record on January 15, 2026. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Dec 02
Paramount Resources Ltd. Announces Dividend for the Month of December, Payable on December 31, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on December 31, 2025 to shareholders of record on December 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Sep 22
An undisclosed buyer agreed to acquire 9.50% stake in NuVista Energy Ltd. (TSX:NVA) from Paramount Resources Ltd. (TSX:POU) for approximately CAD 300 million. An undisclosed buyer agreed to acquire 9.50% stake in NuVista Energy Ltd. (TSX:NVA) from Paramount Resources Ltd. (TSX:POU) for approximately CAD 300 million on September 21, 2025. A cash consideration valued at CAD 16 per share will be paid by the buyer. Following the Transaction, Paramount will have direct ownership and control over 12,752,142 NuVista Shares, representing 6.55% of the outstanding NuVista Shares.
The expected completion of the transaction is October 1, 2025. Tillkännagivande • Sep 04
Paramount Resources Ltd. Declares September Cash Dividend, Payable on September 29, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a September cash dividend of $0.05 per common share that will be payable on September 29, 2025 to shareholders of record on September 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Jun 03
Paramount Resources Ltd. Declares June Cash Dividend, Payable on June 30, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on June 30, 2025 to shareholders of record on June 16, 2025. Tillkännagivande • May 16
Paramount Resources Ltd. Approves Appointment of Shane Fildes as Director Paramount Resources Ltd. at its AGM held on May 13, 2025 approved appointment of Shane Fildes as director of the company. Tillkännagivande • May 15
Paramount Resources Ltd. Reaffirms Production Guidance for Fourth Quarter and Full Year 2025 Paramount Resources Ltd. reaffirmed production guidance for fourth quarter and full year 2025. For the fourth quarter 2025, the company expects sales volumes of between 40,000 Boe/d and 45,000 Boe/d (52% liquids).
For the full year 2025, the company continues to expect average sales volumes between 37,500 Boe/d and 42,500 Boe/d (52% shale gas and conventional natural gas combined, 40% condensate, light and medium crude oil, tight oil and heavy crude oil combined and 8% other NGLs). Paramount anticipates sales volumes of between 28,000 Boe/d and 32,000 Boe/d (46% liquids) until the start-up of the Alhambra Plant at Willesden Green. Tillkännagivande • May 02
Paramount Resources Ltd. Declares May Cash Dividend, Payable on May 30, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on May 30, 2025 to shareholders of record on May 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Apr 01
Paramount Resources Ltd. Declares Cash Dividend, Payable on April 30, 2025 Paramount Resources Ltd. announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on April 30, 2025 to shareholders of record on April 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Mar 05
Paramount Resources Ltd., Annual General Meeting, May 13, 2025 Paramount Resources Ltd., Annual General Meeting, May 13, 2025. Location: alberta, calgary Canada Tillkännagivande • Jan 02
Paramount Resources Ltd. Declares Cash Dividend for the Month of January, Payable on January 31, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on January 31, 2025 to shareholders of record on January 15, 2025. New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 21% 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 21% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share). Profit margins are more than 30% lower than last year (20% net profit margin). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €20.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.49 per share. Declared Dividend • Nov 11
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 15th November 2024 Payment date: 29th November 2024 Dividend yield will be 6.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 96% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 63% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: CA$0.65 (vs CA$0.61 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.65 (up from CA$0.61 in 3Q 2023). Revenue: CA$470.5m (up 9.2% from 3Q 2023). Net income: CA$95.8m (up 9.9% from 3Q 2023). Profit margin: 20% (in line with 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Buy Or Sell Opportunity • Oct 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €17.00. The fair value is estimated to be €21.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 117% in the next 2 years. Declared Dividend • Oct 07
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 15th October 2024 Payment date: 31st October 2024 Dividend yield will be 6.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but not covered by cash flows (488% cash payout ratio). The dividend has increased by an average of 96% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 82% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Oct 01
Paramount Resources Ltd. Declares Dividend, Payable on October 31, 2024 Paramount Resources Ltd. announce that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on October 31, 2024 to shareholders of record on October 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Declared Dividend • Sep 09
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 16th September 2024 Payment date: 27th September 2024 Dividend yield will be 6.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but not covered by cash flows (488% cash payout ratio). The dividend has increased by an average of 96% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 103% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Sep 03
Paramount Resources Ltd. Announces Cash Dividend, Payable on September 27, 2024 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on September 27, 2024 to shareholders of record on September 16, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Declared Dividend • Aug 05
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 15th August 2024 Payment date: 30th August 2024 Dividend yield will be 6.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (488% cash payout ratio). The dividend has increased by an average of 96% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 103% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: CA$0.58 (vs CA$0.52 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.58 (up from CA$0.52 in 2Q 2023). Revenue: CA$461.9m (up 21% from 2Q 2023). Net income: CA$84.5m (up 14% from 2Q 2023). Profit margin: 18% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 37% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Aug 01
Paramount Resources Ltd. Provides Sales Guidance for the Third Quarter, Fourth Quarter and Full Year 2024 Paramount Resources Ltd. provided sales guidance for the third quarter, fourth quarter and full year 2024. for the third quarter, the company's sales volumes are expected to average between 96,000 Boe/d and 104,000 Boe/d (51% shale gas and conventional natural gas combined, 42% condensate, light and medium crude oil, tight oil and heavy crude oil combined and 7% Other NGLs).
For the fourth quarter, the company's sales volumes are expected to average between 109,000 Boe/d and 121,000 Boe/d (52% shale gas and conventional natural gas combined, 41% condensate, light and medium crude oil, tight oil and heavy crude oil combined and 7% Other NGLs).
For the full year, the company's annual sales volumes will average between 100,000 Boe/d and 106,000 Boe/d (52% shale gas and conventional natural gas combined, 41% condensate, light and medium crude oil, tight oil and heavy crude oil combined and 7% Other NGLs). Declared Dividend • Jul 05
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 15th July 2024 Payment date: 31st July 2024 Dividend yield will be 5.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (207% cash payout ratio). The dividend has increased by an average of 84% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jun 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (207% cash payout ratio). Profit margins are more than 30% lower than last year (20% net profit margin). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Significant insider selling over the past 3 months (€3.1m sold). Declared Dividend • Jun 10
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 17th June 2024 Payment date: 28th June 2024 Dividend yield will be 5.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (206% cash payout ratio). The dividend has increased by an average of 84% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Jun 05
Paramount Resources Ltd. Announces Monthly Dividend, Payable on June 28 2024 Paramount Resources Ltd. announced that its Board of Directors have declared a cash dividend of $0.15 per common share that will be payable on June 28, 2024 to shareholders of record on June 17, 2024. The dividend will be designated as an eligible dividend for Canadian income tax purposes. Recent Insider Transactions • Jun 02
Insider recently sold €568k worth of stock On the 31st of May, Rodrigo Sousa sold around 26k shares on-market at roughly €22.13 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.1m. Insiders have been net sellers, collectively disposing of €4.3m more than they bought in the last 12 months. Board Change • Jun 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. 3 experienced directors. 4 highly experienced directors. Independent Director Jill McAuley was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 13
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 14th May 2024 Payment date: 31st May 2024 Dividend yield will be 5.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (206% cash payout ratio). The dividend has increased by an average of 84% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • May 10
Insider recently sold €1.1m worth of stock On the 8th of May, Rodrigo Sousa sold around 47k shares on-market at roughly €22.21 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: CA$0.47 (vs CA$1.39 in 1Q 2023) First quarter 2024 results: EPS: CA$0.47 (down from CA$1.39 in 1Q 2023). Revenue: CA$433.8m (down 19% from 1Q 2023). Net income: CA$68.1m (down 65% from 1Q 2023). Profit margin: 16% (down from 37% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 14% 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 27% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 14
Executive Vice President of Finance recently sold €819k worth of stock On the 11th of April, Bernard Lee sold around 40k shares on-market at roughly €20.49 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.1m more than they bought in the last 12 months. Declared Dividend • Apr 05
Dividend of CA$0.13 announced Shareholders will receive a dividend of CA$0.13. Ex-date: 12th April 2024 Payment date: 30th April 2024 Dividend yield will be 5.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 84% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Apr 02
Paramount Resources Ltd. Declares Cash Dividend, Payable on April 30, 2024 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on April 30, 2024 to shareholders of record on April 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Declared Dividend • Mar 11
Dividend of CA$0.13 announced Shareholders will receive a dividend of CA$0.13. Ex-date: 14th March 2024 Payment date: 28th March 2024 Dividend yield will be 5.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (105% cash payout ratio). The dividend has increased by an average of 84% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: CA$3.29 (vs CA$4.83 in FY 2022) Full year 2023 results: EPS: CA$3.29 (down from CA$4.83 in FY 2022). Revenue: CA$1.85b (down 15% from FY 2022). Net income: CA$470.2m (down 31% from FY 2022). Profit margin: 25% (down from 31% in FY 2022). Revenue is forecast to grow 9.8% 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 48% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 23
Paramount Resources Ltd., Annual General Meeting, May 02, 2024 Paramount Resources Ltd., Annual General Meeting, May 02, 2024. Upcoming Dividend • Feb 07
Upcoming dividend of CA$0.13 per share at 6.0% yield Eligible shareholders must have bought the stock before 14 February 2024. Payment date: 29 February 2024. Payout ratio is a comfortable 34% and the cash payout ratio is 80%. Trailing yield: 6.0%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (3.2%). Declared Dividend • Feb 05
Dividend of CA$0.13 announced Shareholders will receive a dividend of CA$0.13. Ex-date: 14th February 2024 Payment date: 29th February 2024 Dividend yield will be 6.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 84% per year over the past 3 years and payments have been stable during that time. EPS is expected to decline by 27% over the next 2 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range. Tillkännagivande • Feb 02
Paramount Resources Ltd. Declares Dividend, Payable on February 29, 2024 Paramount Resources Ltd. announce that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on February 29, 2024 to shareholders of record on February 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Jan 09
Paramount Resources Ltd. Provides Earnings Guidance for the Fourth Quarter of 2023 Paramount Resources Ltd. provided earnings guidance for the fourth quarter of 2023. For the quarter, company expects average sales volumes to be near the midpoint of the range of its previous guidance of between 100,000 Boe/d and 103,000 Boe/d. Tillkännagivande • Jan 02
Paramount Resources Ltd. Announces January Dividend, Payable on January 31, 2024 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on January 31, 2024 to shareholders of record on January 15, 2024. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Tillkännagivande • Dec 05
Apache Corporation and Paramount Resources Ltd Announces Settlement Approval in Apache Canada Employee Awards Class Action A settlement has been approved in a class action lawsuit against Apache Corporation and Paramount Resources Ltd., on behalf of a subset of former employees of Apache Canada Ltd. The settlement of disputed claims provides a fund of $7 million USD, less approved legal fees, costs and expenses, to compensate Class Members for the cancellation of deferred compensation awards they held when Apache Canada was sold to Paramount Resources in August 2017. The Court approved the settlement as being fair, reasonable, and in the best interests of the Class and in recognition of asserted defenses to the alleged claims. Class Members are now able to submit a claim for compensation based on the number of unvested Restricted Stock Units and Performance Awards they held as of August 18, 2017. Claims will be assessed by an independent Administrator using a paper-based claims process. Class Members will be able to claim compensation without having to go to Court. There is an initial claims deadline of February 27, 2024. Only claims made by that date may be appealed in the event of any dispute with the initial assessment of the Administrator. There is an ultimate claims deadline of September 27, 2024, after which no claims will be accepted. Tillkännagivande • Dec 01
Paramount Resources Ltd. Declares December Cash Dividend, Payable on December 29, 2023 Paramount Resources Ltd. announced that its Board of Directors has declared a December cash dividend of $0.125 per common share that will be payable on December 29, 2023 to shareholders of record on December 15, 2023. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Upcoming Dividend • Nov 07
Upcoming dividend of CA$0.13 per share at 4.8% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 34% and the cash payout ratio is 80%. Trailing yield: 4.8%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.7%). Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: CA$0.61 (vs CA$1.57 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.61 (down from CA$1.57 in 3Q 2022). Revenue: CA$418.6m (down 31% from 3Q 2022). Net income: CA$87.2m (down 61% from 3Q 2022). Profit margin: 21% (down from 37% in 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has increased by 147% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Oct 05
Paramount Resources Ltd. Declares October Cash Dividend, Payable on October 31, 2023 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on October 31, 2023 to shareholders of record on October 16, 2023. Recent Insider Transactions • Sep 21
Executive Vice President of Finance recently sold €925k worth of stock On the 15th of September, Bernard Lee sold around 40k shares on-market at roughly €23.12 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.8m more than they bought in the last 12 months. Tillkännagivande • Sep 02
Paramount Resources Ltd. Declares September Dividend, Payable on September 29, 2023 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on September 29, 2023 to shareholders of record on September 15, 2023. Tillkännagivande • Aug 03
Paramount Resources Ltd. Provides Sales Guidance for the Year 2023 and 2024 Paramount Resources Ltd. provided sales guidance for the year 2023 and 2024. For the 2023, the company updated its Annual average sales volumes to Revised Guidance95,000 to 98,000 (46% liquids) from Prior Guidance 100,000 to 105,000 (46% liquids).For the 2024, the company is reaffirming its Annual average sales volumes (Boe/d) 110,000 to 120,000 (48% liquids). Tillkännagivande • May 30
Paramount Resources Ltd. Restores Majority of Production That Had Been Temporarily Curtailed as a Result of the Alberta Wildfires Paramount Resources Ltd. announced that it has restored the majority of production that had been temporarily curtailed as a result of the Alberta wildfires. The Company has fully resumed operations in the Grande Prairie Region. Approximately 14,000 Boe/d of production in the Kaybob Region is currently shut-in, with all but 5,000 Boe/d expected to be on production within a week. The remaining 5,000 Boe/d will be restored as facilities and fields are able to be brought back online, which is expected to occur within a month. There has been no significant damage or loss to material owned or third-party infrastructure. Paramount estimates that the wildfires resulted in the curtailment of approximately 38,000 Boe/d of production on average in the period from May 5 to May 28. Paramount will provide updated production guidance when it is reasonably able to quantify the ultimate impact of the wildfires. Tillkännagivande • May 17
Paramount Resources Ltd. Provides Further Alberta Wildfire Update Paramount Resources Ltd. announced that, as a result of the further development of the ongoing Alberta wildfires, the third-party Wapiti natural gas processing facility and the Company's fields producing to the facility were again shut down on the afternoon of May 12. Approximately 45,000 Boe/d of production in the Grande Prairie and Kaybob Regions is now temporarily curtailed. The Company is not aware of any significant damage or loss to material owned or third-party infrastructure at this time. Paramount continues to work with civil authorities and its industry partners to ensure the safety of its personnel and be in a position to restore curtailed production when conditions permit. The situation continues to evolve and Paramount will provide an update once production is substantially restored. Tillkännagivande • May 08
Paramount Resources Ltd. Advises of Impact of Alberta Wildfires Paramount Resources Ltd. announced that its operations in the Grande Prairie and Kaybob Regions are being impacted by the ongoing wildfires in those areas. Paramount has safely evacuated all of its affected personnel. As a result of the precautionary shut-in of fields and operated and third-party infrastructure, approximately 50,000 Boe/d of production has been temporarily curtailed since the evening of May 5. The Company is not aware of any significant damage or loss to material owned or third-party infrastructure. While timing remains uncertain, Paramount is prepared to restart production as soon as the condition of infrastructure is confirmed and it is safe to do so. Reported Earnings • May 04
First quarter 2023 earnings released: EPS: CA$1.39 (vs CA$0.12 in 1Q 2022) First quarter 2023 results: EPS: CA$1.39 (up from CA$0.12 in 1Q 2022). Revenue: CA$533.8m (up 67% from 1Q 2022). Net income: CA$197.0m (up CA$180.3m from 1Q 2022). Profit margin: 37% (up from 5.2% in 1Q 2022). Revenue is expected to decline by 1.5% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has increased by 154% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 14
Insider recently sold €218k worth of stock On the 12th of April, John Williams sold around 10k shares on-market at roughly €21.84 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €781k. Insiders have been net sellers, collectively disposing of €1.7m more than they bought in the last 12 months. Recent Insider Transactions • Mar 30
Insider recently sold €781k worth of stock On the 28th of March, Garth W. Stotts sold around 40k shares on-market at roughly €19.64 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Recent Insider Transactions • Mar 16
Executive Vice President of Operations recently sold €339k worth of stock On the 13th of March, David Reid sold around 17k shares on-market at roughly €19.94 per share. This transaction amounted to 44% 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 David's only on-market trade for the last 12 months. Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: CA$4.83 (vs CA$1.77 in FY 2021) Full year 2022 results: EPS: CA$4.83 (up from CA$1.77 in FY 2021). Revenue: CA$2.19b (up 64% from FY 2021). Net income: CA$680.6m (up 187% from FY 2021). Profit margin: 31% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Oil reserves and sales price Proven reserves: 3.168 MMbbls Average sales price/bbl: US$117 Gas reserves and sales price Proven reserves: 1211.776 Bcf Average sales price/mcf: US$6.24 LNG reserves and sales price Proven reserves: 164.36 MMbbls Average sales price/bbl: US$55.37 Combined production and costs Oil equivalent production: 32.365 MMboe Average production cost/Boe: US$12.58 (US$11.37/Boe in FY 2021) Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has increased by 171% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Feb 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.5%. The fair value is estimated to be €24.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. Tillkännagivande • Feb 18
Paramount Resources Ltd., Annual General Meeting, May 03, 2023 Paramount Resources Ltd., Annual General Meeting, May 03, 2023. Upcoming Dividend • Feb 07
Upcoming dividend of CA$0.13 per share at 5.1% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 28 February 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.3%). Tillkännagivande • Feb 02
Paramount Resources Ltd. Declares Cash Dividend for the Month of February 2023, Payable on February 28, 2023 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on February 28, 2023 to shareholders of record on February 15, 2023. The dividend will be designated as an eligible dividend for Canadian income tax purposes. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 15% share price gain to €20.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 330% over the past three years. Tillkännagivande • Jan 04
Press Release: Paramount Resources Ltd. Announces January Dividend, Payable on January 31, 2023 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on January 31, 2023 to shareholders of record on January 16, 2023. Recent Insider Transactions • Dec 15
Executive Vice President of Finance recently bought €103k worth of stock On the 13th of December, Bernard Lee bought around 5k shares on-market at roughly €19.56 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €620k more in shares than they bought in the last 12 months. 