PrairieSky Royalty earns $48 million in second quarter
BNN Bloomberg
PrairieSky Royalty Ltd. says its net earnings for the second quarter were $48 million, down from $110.1 million a year earlier.
The Calgary-based company says it saw record quarterly average oil royalty production of 12,607 barrels per day.
PrairieSky's revenues for the quarter ended June 30 were $117.4 million, down almost 41 per cent from $198.1 million during the same period last year.
Diluted earnings per share were 20 cents, down from 46 cents a year ago.
More Related News