Freehold Royalties Announces Third Quarter 2026 Results and Expansion into the Duvernay, West-Central Alberta
Key Highlights
- ➤Funds from operations $80 million, up 37% from Q3-2025
- ➤Duvernay acquisition adds 3% royalty across over 179 sections
- ➤Duvernay consideration up to $65 million, including $20 million initial payment
- ➤Net debt $234 million, down $17 million year-over-year
- ➤Q3 production 15,758 boe/d with 65% liquids weighting
Expert Statements
David M. Spyker, President and Chief Executive Officer of Freehold Royalties Ltd.
“Freehold delivered a strong third quarter highlighted by stable royalty production, increased drilling activity levels across the portfolio and robust revenue and funds from operations supported by a constructive commodity price environment.”
David M. Spyker, President and Chief Executive Officer of Freehold Royalties Ltd.
“We have entered into an agreement today to acquire a 3% gross overriding royalty interest in the West Duvernay on lands operated by Refraction Energy Corp (the “Transaction”).”
David M. Spyker, President and Chief Executive Officer of Freehold Royalties Ltd.
“Looking ahead, Freehold is well positioned.”
CALGARY, Alberta, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces results for the three and nine months ended September 30, 2026.
Third Quarter Highlights * Total production of 15,758 boe/d((1)) including crude oil and natural gas liquids production of 10,275 bbls/d, representing a 65% liquids weighting in the quarter; * Royalty and other revenue of $100 million, with over 91% from crude oil and natural gas liquids; * Funds from operations of $80 million ($0.49/share)( ()(2)()()(4)()), a 37% increase from Q3-2025; * Reduced long-term debt by $34 million and net debt((5)) by $17 million, ending the quarter at $249 million and $234 million, respectively; * Returned $44 million ($0.27/share)((3) )to shareholders through monthly dividends, representing a payout ratio((4)) of 55%; * Invested $17 million in acquisitions and related expenditures, focused on strategic, inventory-rich undeveloped mineral title and royalty lands in the Permian Basin; * Continued an active leasing program with 63 new leases signed contributing $3.1 million of bonus consideration and lease rental revenue; and * Net wells totaled 4.2 in Q3-2026, 8% higher than the 3.9 net wells drilled in Q3-2025, as operators increased activity in a stronger year-over-year oil price environment. President’s Message
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