Overview

* Parex Q2 2025 FFO reaches $105 mln, driven by operational efficiency

* Net income for Q2 2025 totals $49 mln, reflecting strong performance

* Company repurchased 630,000 shares and declared Q3 2025 dividend

Outlook

* Parex maintains FY 2025 production guidance at 43,000 to 47,000 boe/d

* Company expects incremental production growth from LLA-32, Capachos

* Parex benefits from favorable oil price differentials, reduced energy costs

* Company hedges Brent crude oil price risk for Q3 2025

Result Drivers

* OPERATIONAL EFFICIENCY - Strong Q2 results driven by operational efficiency and favorable crude oil price differentials, per CEO Imad Mohsen

* EXPLORATION SUCCESS - Successful near-field exploration wells contributing approximately 2,500 bbl/d to current production

* LOWER PRODUCTION EXPENSES - Reduced energy costs and efficiency initiatives lowering production expenses, slightly offset by higher current taxes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net $49 mln

Income

Q2 FFO $105 mln

Q2 FFO $1.08

Per

Share

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.)