Jul 31, 2023 / 03:00PM GMT
Operator
Good morning, ladies and gentlemen, and welcome to the Second Quarter Results Conference Call.
I would now like to turn the meeting over to Mr. David Spyker. Please go ahead, Mr. Spyker.
David Michael Spyker - Freehold Royalties Ltd. - President, CEO & Director
Good morning, everyone, and thank you for joining us today. On the call from Freehold are David Hendry, our CFO; and Rob King, our COO.
The second quarter delivered consistent results across our North American portfolio. Production of 14,667 BOE a day was in line with the previous quarter and up 9% over Q2 of last year.
Year-over-year growth was due to organic growth on both sides of the border as well as acquisition activity completed in the Midland and Eagle Ford basins.
Revenue of $74 million was in line with expectations, generating funds from operations of $53 million or $0.35 per share. Realized pricing for the quarter of $54.05 per BOE continues to benefit from the premium pricing associated with our U.S. portfolio.
In the U.S., we realized a 39%
Q2 2023 Freehold Royalties Ltd Earnings Call Transcript
Jul 31, 2023
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