)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Freehold Royalties (FRU) investor relations material
Freehold Royalties Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Achieved Q3 2025 production of 16,054 BOE/day, up 10% year-over-year, with 65% liquids weighting and 12% liquids volume growth, driven by Permian Basin acquisition and ongoing drilling activity.
U.S. assets now represent 45%–52% of production and 53% of revenue for the first nine months of 2025, up from 36% and a lower revenue share in 2024.
Funds from operations reached CAD 59 million (USD 58.9 million) in Q3 2025, with a netback of CAD 42.82/boe.
Maintains a sustainable monthly dividend of CAD 0.09/share, yielding 7.5%, with a payout ratio of 72%–75% in Q3 2025.
Portfolio spans 6.1 million gross acres in Canada and 1.2 million gross drilling acres in the U.S., with over 380 royalty counterparties.
Financial highlights
Q3 2025 funds from operations: CAD 59 million, up from CAD 56 million in Q3 2024.
Netback per boe: CAD 42.82 in Q3 2025, compared to CAD 47.78 in Q3 2024.
Dividend payout ratio at 72%–75% in Q3 2025, above the 60% long-term target due to lower commodity prices.
Net debt reduced to CAD 263 million (USD 263.3 million), with a net debt to funds from operations ratio of 1.1x.
Paid CAD 44 million in dividends and invested CAD 5.8 million in acquisitions, mainly in the Permian and select Canadian lands.
Outlook and guidance
2025 production guidance: 15,800–17,000 BOE/day, with a continued increase in liquids weighting to 66%.
Expecting increased Canadian gas drilling as prices strengthen heading into winter.
U.S. Permian drilling remains robust, with ExxonMobil's growth plans potentially increasing production by 800 BOE/day.
Dividend remains sustainable at oil and gas prices materially below current levels.
Management expects continued improvement in well productivity and stable dividend payments, supported by ongoing drilling and leasing activity.
Quantify Permian acquisition's production impact
What is the strategy for the increased credit facility
Outlook for sustained well productivity improvements
U.S. Permian growth strategy beyond ExxonMobil?
Credit facility increase: Immediate capital use?
Canadian gas production outlook with price recovery?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Freehold Royalties earnings date
Q4 202525 Feb, 2026
Next Freehold Royalties earnings date
Q4 202525 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Freehold Royalties Ltd is an energy company that acquires and manages oil and natural gas royalties and mineral titles. It earns revenue from production on its land without operating the assets directly. The company is headquartered in Calgary, Canada, and its shares are listed on the TSX.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage