PrairieSky Royalty Ltd. (PSK:CA) Q4 2025 Earnings Call Transcript
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SA Transcripts158.27K FollowersFollow5ShareSaveCommentsQ4: 2026-02-09 Earnings SummaryPlay CallPlay CallEPS of $0.26 beats by $0.09 PrairieSky Royalty Ltd. (PSK:CA) Q4 2025 Earnings Call February 10, 2026 8:30 AM EST Company Participants Andrew Phillips - President, CEO & Non-Independent DirectorMichael Murphy - Vice-President of Geosciences & Capital MarketsPamela Kazeil - Senior VP of Finance & CFO Conference Call Participants Michael Harvey - RBC Capital Markets, Research DivisionJames Kubik - CIBC Capital Markets, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to PrairieSky Royalty Limited Fourth Quarter and Year-End 2025 Financial Results Conference Call. [Operator Instructions] Please note that today's conference is being recorded. I will now hand the conference over to your speaker host, sir Andrew Phillips, President and CEO. Please go ahead, sir. Andrew PhillipsPresident, CEO & Non-Independent Director Thank you, operator, and good morning, everyone, and thank you for dialing into the PrairieSky Year-End 2025 Conference Call. On the call from PSK are Pam Kazeil, CFO; Dan Bertram, CCO; and Mike Murphy, VP of Geosciences and Capital Markets; as well as myself, Andrew Phillips. Before we begin, there are certain forward-looking information and statements in our commentary today, so I would ask listeners and investors to review the forward-looking statements qualifier in our press release and MD&A, which can be found on our website. 2025 was a successful year for PSK on all fronts. We achieved 6% oil growth over the year, reaching a record 13,940 royalty oil barrels per day. We expect further records in 2026. Our PDP reserves grew alongside our oil production at over 7% year-over-year. Leasing activity remained robust. The company entered into 189 lease arrangements with 90 distinct counterparties. Leasing continues this year at a similar pace. On the capital allocation front, we executed on $100 million of acquisitions with excellent projected returns. In addition, we canceled 2.6% of the outstanding shares of PrairieSky while paying $243.4