PrairieSky Royalty Ltd. (PSK) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.199 and welcome to Prairie Sky Royalty Limited announces their second quarter 2025 financial 00:00:05.199 -- 00:00:09.486 results. At this time, all participants are in a listen-only mode. 00:00:09.486 -- 00:00:13.052 After the speaker's presentation, there will be a question-and-answer session. 00:00:13.052 -- 00:00:17.299 Instructions will be given at that time. As a reminder, this call may be recorded. 00:00:17.299 -- 00:00:21.906 I would now like to turn the call over to Andrew Phillips, President and CEO. 00:00:21.906 -- 00:00:24.095 Please go ahead. 00:00:24.095 -- 00:00:27.540 Thank you, Michelle. Good morning, everyone, and thank you for dialing in to the Prairie 00:00:27.540 -- 00:00:32.668 Sky Royalty Q2 2025 earnings call. On the call from PSK are Pam 00:00:32.668 -- 00:00:36.974 Cazell, CFO, Dan Bertram, CEO, 00:00:36.974 -- 00:00:40.880 Mike Murphy, VP Capital Markets, and myself, Andrew Phillips. 00:00:40.880 -- 00:00:46.288 Before we begin, there's certain forward-looking information and statements in our commentary, 00:00:46.288 -- 00:00:50.074 so I'd ask listeners and investors to review the forward-looking statements qualified 00:00:50.074 -- 00:00:54.597 in our press release at MD&A, which can be found on our website. 00:00:54.841 -- 00:00:59.907 Prairie Sky achieved record royalty oil production of 14,376 barrels per 00:00:59.907 -- 00:01:04.013 day, up 8% from the same quarter the year before. 00:01:04.013 -- 00:01:09.039 In 2018, for reference, Prairie Sky had 235 million shares outstanding and 00:01:09.039 -- 00:01:14.265 produced 9,000 net royalty oil barrels. Today, with the same 235 million 00:01:14.265 -- 00:01:18.671 shares outstanding, we have 14,000 net royalty oil barrels. 00:01:18.671 -- 00:01:20.854 An ...