Freehold Royalties Announces Second Quarter 2026 Results

About this update from Freehold Royalties Ltd.

CALGARY, Alberta, July 29, 2026 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces results for the three months ended June 30, 2026.Second Quarter HighlightsTotal production of 15,622 boe/d(1) including crude oil and natural gas liquids production of 10,277 bbls/d, representing a 66% liquids weighting in the quarter;Revenue of $100 million with crude oil and natural gas liquids production accounting for over 95% of royalty and other revenue;Funds from operations of $78 million ($0.47/share) (2)(4), a 32% increase from Q1-2026;Reduced net debt by $24 million, ending the quarter at $251 million;Returned $44 million ($0.27/share)(3) to shareholders through monthly dividends, representing a payout ratio(4) of 57%;Invested $9 million in acquisitions and related expenditures, focused on strategic, inventory rich, mineral title and royalty lands in the core of the Permian basin;Gross drilling of 300 wells across the portfolio, a 35% increase from Q1-2026 as operators increase activity in a strengthening oil price environment;Continued an active leasing program with 48 new leases signed contributing $1.6 million of bonus consideration and lease rental revenue; andAchieved an average realized price of $69.11/boe ($74.91/boe in U.S. and $64.26/boe in Canada).President’s Message Freehold’s second quarter reflected a constructive commodity price environment driving both strong revenue generation and a return to oil focused drilling activity across North America. Production averaged 15,622 boe/d(1) with a 66% liquids weighting, reflecting the moderated activity levels in the latter half of 2025 when commodity prices were low. Together with higher realized pricing, Freehold generated strong royalty and other revenue of over $100 million and funds from operations of $78 million, which was a 32% increase from Q1-2026. Freehold continued to see a meaningful increase in operator activity on our lands. Gross drilling increased 35% from Q1-2026 and 11% from Q2-2025, led by strong U.S. activity and continued investment in Canadian oil-weighted plays. We continue to see significant activity levels in the Permian where large operators have been investing in technologies that support longer lateral lengths as well as the use of surfactants and lightweight proppants to further improve well productivities. In the Permian, natural gas egress c...

View stock analysis, news, and events for Freehold Royalties Ltd.