TSE:PRQ Petrus Resources Q3 2024 Earnings Report C$1.26 0.00 (0.00%) As of 04/28/2025 03:49 PM Eastern Earnings History Petrus Resources EPS ResultsActual EPSC$0.04Consensus EPS N/ABeat/MissN/AOne Year Ago EPSN/APetrus Resources Revenue ResultsActual RevenueN/AExpected RevenueN/ABeat/MissN/AYoY Revenue GrowthN/APetrus Resources Announcement DetailsQuarterQ3 2024Date11/6/2024TimeAfter Market ClosesConference Call DateThursday, November 7, 2024Conference Call Time11:00AM ETConference Call ResourcesConference Call AudioConference Call TranscriptPress ReleaseEarnings HistoryCompany ProfilePowered by Petrus Resources Q3 2024 Earnings Call TranscriptProvided by QuartrNovember 7, 2024 ShareLink copied to clipboard.There are 2 speakers on the call. Operator00:00:00Good day and thank you for standing by. Welcome to the Petrus Resources Third Quarter twenty twenty four Results Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. Operator00:00:32I would now like to turn the conference over to your speaker for today, Ken Gray. Please go ahead. Speaker 100:00:39Good morning and welcome to Petrus Resources Q3 twenty twenty four conference call. My name is Ken Gray, and I'm the CEO of Petrus. I'm joined here by our executive team of Matthew Wong, our CFO Matt Skandrep, our COO and Lindsey Hatcher, VP, Commercial and Corporate Development. The main thing to note in Q3 was the cash flow was up just slightly over Q2 despite record low gas prices. Hedging and increased oil production contributed to the increased cash flow. Speaker 100:01:22Production was down slightly due to maintenance in September at a third party gas processing plant. We were able to mitigate the lost production somewhat and generate increased third party processing fees during this period to somewhat offset the lost production. We also continued to pay our regular dividend during that quarter. We resumed drilling in September and have completed drilling two joint interest wells. Completions are scheduled for later in November. Speaker 100:01:58Thanks for calling in and we'll now answer any questions you might have. Operator00:02:16I'm not seeing any questions and this does conclude today's conference call. You may all disconnect.Read morePowered by Conference Call Audio Live Call not available Earnings Conference CallPetrus Resources Q3 202400:00 / 00:00Speed:1x1.25x1.5x2x Earnings DocumentsPress Release Petrus Resources Earnings HeadlinesPetrus Resources (TSE:PRQ) Has Announced A Dividend Of CA$0.01April 10, 2025 | finance.yahoo.comPetrus Resources announces April dividend and DRIP detailsApril 3, 2025 | investing.comCrypto’s crashing…but we’re still profitingMost traders are panicking right now. Bitcoin’s dropping. Altcoins are bleeding. The stock market’s a mess. The news is screaming fear. But while most traders watch their portfolios tank…April 29, 2025 | Crypto Swap Profits (Ad)Petrus Resources Ltd.: Petrus Resources Announces Fourth Quarter and Year-End 2024 Financial, Operating & Reserves ResultsMarch 26, 2025 | finanznachrichten.dePetrus Resources Ltd. (TSE:PRQ) Passed Our Checks, And It's About To Pay A CA$0.01 DividendMarch 12, 2025 | finance.yahoo.comPetrus Resources announces March dividendMarch 5, 2025 | investing.comSee More Petrus Resources Headlines Get Earnings Announcements in your inboxWant to stay updated on the latest earnings announcements and upcoming reports for companies like Petrus Resources? Sign up for Earnings360's daily newsletter to receive timely earnings updates on Petrus Resources and other key companies, straight to your email. Email Address About Petrus ResourcesPetrus Resources (TSE:PRQ) Ltd is a company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company's core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.View Petrus Resources ProfileRead more More Earnings Resources from MarketBeat Earnings Tools Today's Earnings Tomorrow's Earnings Next Week's Earnings Upcoming Earnings Calls Earnings Newsletter Earnings Call Transcripts Earnings Beats & Misses Corporate Guidance Earnings Screener Earnings By Country U.S. Earnings Reports Canadian Earnings Reports U.K. Earnings Reports Latest Articles Alphabet Rebounds After Strong Earnings and Buyback AnnouncementMarkets Think Robinhood Earnings Could Send the Stock UpIs the Floor in for Lam Research After Bullish Earnings?Texas Instruments: Earnings Beat, Upbeat Guidance Fuel RecoveryMarket Anticipation Builds: Joby Stock Climbs Ahead of EarningsIs Intuitive Surgical a Buy After Volatile Reaction to Earnings?Seismic Shift at Intel: Massive Layoffs Precede Crucial Earnings Upcoming Earnings AstraZeneca (4/29/2025)Booking (4/29/2025)DoorDash (4/29/2025)Honeywell International (4/29/2025)Mondelez International (4/29/2025)PayPal (4/29/2025)Regeneron Pharmaceuticals (4/29/2025)Starbucks (4/29/2025)American Tower (4/29/2025)América Móvil (4/29/2025) Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
There are 2 speakers on the call. Operator00:00:00Good day and thank you for standing by. Welcome to the Petrus Resources Third Quarter twenty twenty four Results Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. Operator00:00:32I would now like to turn the conference over to your speaker for today, Ken Gray. Please go ahead. Speaker 100:00:39Good morning and welcome to Petrus Resources Q3 twenty twenty four conference call. My name is Ken Gray, and I'm the CEO of Petrus. I'm joined here by our executive team of Matthew Wong, our CFO Matt Skandrep, our COO and Lindsey Hatcher, VP, Commercial and Corporate Development. The main thing to note in Q3 was the cash flow was up just slightly over Q2 despite record low gas prices. Hedging and increased oil production contributed to the increased cash flow. Speaker 100:01:22Production was down slightly due to maintenance in September at a third party gas processing plant. We were able to mitigate the lost production somewhat and generate increased third party processing fees during this period to somewhat offset the lost production. We also continued to pay our regular dividend during that quarter. We resumed drilling in September and have completed drilling two joint interest wells. Completions are scheduled for later in November. Speaker 100:01:58Thanks for calling in and we'll now answer any questions you might have. Operator00:02:16I'm not seeing any questions and this does conclude today's conference call. You may all disconnect.Read morePowered by