Parex Resources Inc (OTCPK:PARXF)

Q1 2026 Parex Resources Inc Earnings Call Transcript

May 12, 2026 / 03:30 PM GMT

Release Date Price: $19.81 (-4.06%)

Transcript

Key Points

Positve

Parex Resources Inc (PARXF) executed strategic transactions positioning it as Colombia's largest independent E&P company.
The $725 million Frontier acquisition adds 37,000 barrels equivalent per day, enhancing production and reserves.
Expanded partnership with XPetrol in the Magdalena Basin offers significant long-term upside through enhanced oil recovery.
Successful placement of $500 million in senior secured/unsecured notes due in 2031, reflecting strong market confidence.
The company expects to generate substantial free cash flow and expand reserves, establishing itself as a leading growth opportunity in the global oil and gas sector.

Negative

Current production levels are below Q1 averages, though improvements are expected by the end of the second quarter.
First quarter results included $17 million in non-recurring costs, impacting financial performance.
The company anticipates non-recurring integration, transition, and financing costs in upcoming quarters.
Standalone production base remains strong, but the start of 2026 was more modest than anticipated.
The timing of gas blowdown in the VIM asset is expected to be more of a second-half 2027 event, delaying potential cash generation.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PXT.TO - Parex Resources Inc (Alberta)
Q1 2026 Parex Resources Inc Earnings Call
May 12, 2026 / 03:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone.

Thank you for joining us, and welcome to PEREX Resources Q1 2026 Operational and Financial Results.

After today's prepared remarks, we will host a question-and-answer session.

If you would like to ask a question, please press *1 to raise your hand.

To withdraw your question, press *1 again.

I will now hand the conference over to Mike Crookton, Senior Vice President, Capital Markets and Corporate Planning.

Mike, please go ahead.

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Unidentified_2 [2]
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Good morning.

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