Overview

* Parex Q3 net income at $50 mln, with FFO of $105 mln

* Company's Q3 production increased 3% from prior quarter

* Declared Q4 2025 dividend of C$0.385 per share

Outlook

* Company maintains 2025 production guidance of 43,000 to 47,000 boe/d

* Company expects Q4 2025 production to exceed guidance range

* Capital expenditure guidance remains $285 to $315 mln

Result Drivers

* PRODUCTION GROWTH - Steady production growth fueled by strong operational execution and successful operations at LLA-32 and LLA-74

* LLA-32 RAMP-UP - Production ramp-up at LLA-32 following tuck-in acquisition, with current rates exceeding three times previous levels

* NEAR-FIELD SUCCESS - Sustained near-field exploration success at LLA-74 with five producing wells representing a 75% success rate

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $50 mln

Income

Q3 FFO $105 mln

Q3 FFO $1.09

Per

Share

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "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 Parex Resources Inc ( PARXF ) is C$20.50, about 9.3% above its November 3 closing price of C$18.59

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 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.)