Freehold Royalties Ltd. (FRU) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome to the Freehold Royalty third quarter results conference call. Please be advised that certain statements on this call constitute forward-looking information. All statements other than those of historical facts may be forward-looking and we caution the listeners. As a new added feature this quarter, You can now submit your questions in the Q&A window on the webcast page or ask your question through the telephone line, if preferred. I would now like to turn the meeting over to Mr. David Spiker. Please go ahead. Good morning, everyone, and thank you for joining us today. On the call from Freehold are Rob King, our COO, Dave Henry, our CFO, and new to our team, Todd McBride, as Manager, Investor Relations. So on today's call, we will share with you our third quarter results, as well as share our excitement around two big projects that we've been working on. One is our asset book, which will be an in-depth review of the extensive opportunity set in our portfolio. And second is an investor day, where we can walk through this in detail and provide our shareholders with an update on our business and how we think of things going forward. We will highlight our attractive dividend yield currently just under 8%. The sustainability of our dividend levels, which through the strategic oil-focused portfolio work that we have done, is covered well below current prices. And third, our multi-decades of inventory in the top oil basins across North America that will support our business and our dividends for years to come. We built a great company here at Freehold, and we look forward to sharing more of these thoughts at our investor day. It will be in Calgary on December 3rd with full virtual access. So turning our attention to our third quarter results, liquids pr...