Overview

* Paramount Q2 sales volumes averaged 31,631 Boe/d, 46% liquids

* Company revises 2025 sales volumes guidance upwards due to early Alhambra Plant start-up

* Free cash flow was negative C$86 mln, but company maintains strong cash position

Outlook

* Paramount revises 2025 sales volumes to 38,500-42,500 Boe/d

* Company expects Q4 sales volumes of 42,000-45,000 Boe/d

* Paramount anticipates 2025 exit rate over 45,000 Boe/d

* Capital expenditure guidance unchanged at C$780-C$840 mln for 2025

Result Drivers

* DUVERNAY PRODUCTION - Duvernay production accounted for 56% of total sales volumes, driving sales in Central Alberta

* CAPITAL EXPENDITURES - Significant investment in drilling and completing Duvernay wells to enhance future production

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net C$4.20

Income mln

Q2 Free -C$85.50

Cash mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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$24.50, about 11% above its July 29 closing price of C$21.80

* The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release:

(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.)