Freehold Royalties Ltd. (OTCPK:FRHLF) Q2 2025 Earnings Conference Call July 31, 2025 9:00 AM ET
Company Participants
David Michael Spyker – President, CEO & Director
Robert Alexander King – Chief Operating Officer
Shaina Brianne Morihira – VP of Finance & CFO
Conference Call Participants
Josef I. Schachter – Schachter Energy Research Services Inc.
Kevin Fisk – Scotiabank Global Banking and Markets, Research Division
Patrick Joseph O’Rourke – ATB Capital Markets Inc., Research Division
Operator
Good morning, ladies and gentlemen, and welcome to the Q2 results conference call. I would now like to turn the meeting over to Mr. David Spyker. Please go ahead.
David Michael Spyker
Good morning, everyone, and thank you for joining us today. On the call with me from Freehold are Rob King, our COO; Shaina Morihira, our CFO; and Todd McBride, our Manager of IR. Shaina joined our team as CFO in June of this year, and we look forward to working together and having the opportunity to introduce her to you, our shareholders, over the coming months. So we delivered a strong second quarter, reflecting the resiliency of our North American portfolio despite the uncertainty and caution associated with the constant headlines that are driving volatility in both markets and commodity prices. During the quarter, we achieved production of 16,584 BOE a day with a liquid weighting of 67%, both new high watermarks for Freehold as we continue to build and evolve our portfolio.
This 9% production growth from the second quarter of last year reflects our strategic acquisitions over the past 12 months, which have expanded and strengthened our U.S. positioning, particularly in the Permian Basin. As in Canada, operators in the U.S. continue to drive higher production levels while minimizing rig time and associated costs. During the quarter, we had several prolific wells come online, producing at rates double that of the performance
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