PrairieSky Royalty Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 133.1 million compared to CAD 154.7 million a year ago. Net income was CAD 55.4 million compared to CAD 76.2 million a year ago. Basic earnings per share from continuing operations was CAD 0.23 compared to CAD 0.32 a year ago. Diluted earnings per share from continuing operations was CAD 0.23 compared to CAD 0.32 a year ago.
For the nine months, revenue was CAD 376.6 million compared to CAD 492.7 million a year ago. Net income was CAD 160.2 million compared to CAD 250.2 million a year ago. Basic earnings per share from continuing operations was CAD 0.67 compared to CAD 1.05 a year ago. Diluted earnings per share from continuing operations was CAD 0.67 compared to CAD 1.05 a year ago.