Overview

* Freehold Q3 revenue rises to C$74 mln, with funds from operations at C$59 mln

* Total production increased 10% yr/yr, driven by U.S. production growth

Outlook

* Company highlights ongoing trend of improved well productivity across portfolio

* Freehold emphasizes stability from diversified, liquids-rich production

Result Drivers

* U.S. PRODUCTION GROWTH - 33% increase in U.S. production, driven by Permian basin acquisition and drilling activity

* PRICING PREMIUM - 33% pricing premium on U.S. production due to higher liquids weighting and reduced transportation costs

* WELL PRODUCTIVITY - Improved well productivity with 25% increase in Canada and 15% in U.S. due to optimized drilling

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net C$34.20

Income mln

Q3 FFO C$58.90

mln

Q3 FFO C$0.36

Per

Share

Q3 Net C$263.30

Debt mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

* Wall Street's median 12-month price target for Freehold Royalties Ltd ( FRHLF ) is C$15.00, about 3.7% above its November 12 closing price of C$14.44

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)