Bonus checks and barrels both moved the quarter
PrairieSky Royalty (TSX: PSK) reported second-quarter 2026 results on July 13. Total royalty production averaged a record 27,479 boe/d, up 4 percent from Q2 2025, including record oil royalty production of 14,740 bbl/d and NGL royalties of 2,706 bbl/d. Revenues totaled $178.0 million: $167.1 million from royalties and $10.9 million of other revenue, including $6.4 million of bonus consideration on 57 new leasing arrangements.
Funds from operations were $133.1 million, or $0.57 per share, up 38 percent year over year. The board declared a $0.265 quarterly dividend, a 46 percent payout ratio. PrairieSky spent $1.8 million on minor royalty acquisitions targeting light and heavy oil plays. Net debt fell $71.1 million in the quarter to $186.6 million.
The third-quarter dividend of $0.265 is expected to pay October 15 to holders of record September 29. That is the forward calendar, not Q2 production.