PrairieSky Royalty Ltd. (PSK) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.795 Ladies and gentlemen, thank you for standing by. 00:00:02.795 -- 00:00:08.484 Welcome to Prairie Sky Royalty Limited announces their third quarter 2025 financial 00:00:08.484 -- 00:00:09.986 results. 00:00:09.986 -- 00:00:14.253 At this time, all participants are in a listen-only mode. 00:00:14.253 -- 00:00:18.880 After the speaker's presentation, there will be a question and answer session. 00:00:18.880 -- 00:00:23.988 Instructions will be given at that time. Please be advised that today's conference is 00:00:23.988 -- 00:00:29.140 being recorded. I would now like to turn the conference over to Andrew Phillips, 00:00:29.140 -- 00:00:35.665 President and Chief Executive Officer. Sir, please go ahead. 00:00:36.087 -- 00:00:40.452 Thank you, and good morning, everyone, and thanks for dialing into our Q3 2025 earnings 00:00:40.452 -- 00:00:45.677 call. On the call from Prairie Sky are Pam Cazale, CFO, Dan Bertram, CCO, 00:00:45.677 -- 00:00:50.782 and Mike Murphy, VP Geosciences and Capital Markets, as well as myself, Andrew Phillips. 00:00:50.782 -- 00:00:54.546 Before we begin, there's certain forward-looking information and statements in our commentary 00:00:54.546 -- 00:00:59.348 today, so I'd ask listeners to and investors to review the forward-looking statements 00:00:59.348 -- 00:01:04.271 qualifier in our press release and MD&A, which can be found on our website. 00:01:04.314 -- 00:01:09.898 Q3 royalty volumes grew 11% from Q3 2024 to 14,127 00:01:11.402 -- 00:01:15.427 barrels per day. This growth was achieved through duvernay drilling, with royalty production 00:01:15.427 -- 00:01:18.550 volumes more than doubling since Q3 2024, 00:01:18.550 -- 00:01:22.735 and clearwater activity with volumes reaching over 2,500 barrels per...