07:54 AM EST, 03/05/2025 (MT Newswires) -- Paramount Resources ( PRMRF ) on Wednesday reported lower fourth-quarter earnings that missed analysts' expectations.

Net income fell to $87.4 million, or $0.59 per diluted share, in the three months ended Dec. 31, down from $111.9 million, or $0.75 per share, a year ago. The results came in below the analyst consensus earnings per share estimate of $0.96 compiled by FactSet.

Adjusted funds flow dropped to $237.8 million, or $1.59 per diluted share, from $284.1 million, or $1.91 per diluted share.

Total sales stood at 102,477 barrels of oil equivalent per day (boe/d), rising from 101,348 boe/d.

As previously announced, Paramount expects 2025 average sales volumes to reach between 37,500 boe/d and 42,500 boe/d, with capital expenditures pegged at $760 million and $790 million.