Overview

* Paramount Q3 sales volumes exceed company's guidance due to Alhambra Plant performance

* Company reports Q3 net loss of C$2.3 mln

* Paramount sanctions Sinclair Montney development

Outlook

* Paramount raises 2025 annual production guidance to 41,000-42,000 Boe/d

* Company forecasts 2026 production of 45,000-50,000 Boe/d

* Paramount expects 2027 production to reach 60,000-65,000 Boe/d

Result Drivers

* ALHAMBRA PLANT PERFORMANCE - Exceptional runtime at Alhambra Plant in Willesden Green led to higher Q3 sales volumes

* SINCLAIR MONTNEY DEVELOPMENT - Sanctioning of Sinclair Montney gas play expected to drive long-term growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -C$2.30

Income mln

Q3 Free -C$116.7

Cash 0 mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and 1 "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 Paramount Resources Ltd ( PRMRF ) is C$26.00, about 10.3% above its November 3 closing price of C$23.32

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.)