Parex Resources Inc (TSX:PXT)

Q4 2025 Parex Resources Inc Earnings Call Transcript

Mar 05, 2026 / 06:00PM GMT

Release Date Price: C$22.64 (-0.48%)

Transcript

Key Points

Positve

Parex Resources Inc (PARXF) achieved its budgeted guidance range with an average production of approximately 45,000 barrels per day in 2025.
The company successfully increased peak production at Block 32 to more than three times pre-acquisition levels following the Frontera acquisition.
The 2025 near-field exploration program delivered a 75% success rate, showcasing strategic refinements and strong execution capabilities.
Parex Resources Inc (PARXF) returned USD 134 million to shareholders in 2024-2025, bringing total capital return over the last eight years to CAD 2 billion.
The company reduced its diluted share count by over 40% through ongoing share repurchase programs, enhancing per share value.

Negative

The company faced a softer commodity price environment in 2025, with Brent oil prices in the low 60s impacting financial results.
Wider heavy oil differentials, with Vasconia at upwards of $8 per barrel, offset some gains from improved Brent oil prices.
The company has not provided additional commentary or taken questions on its proposal to acquire Frontera Energy's Colombian E&P assets.
Operational challenges include managing decline rates and maximizing recovery at Cabrestero and Block-34 assets.
The company faces uncertainties regarding the impact of global issues, such as the Iran crisis, on oil differentials and pricing.

Operator

Good morning, and thank you for standing by. At this time, I would like to welcome everyone to the Parex Resources 2025 Operational and Financial Results Conference Call. Today's conference is being recorded.(Operator Instructions)

At this time, I would like to turn the conference over to Mike Kruchten, Senior Vice President of Capital Markets and Corporate Planning. Please go ahead.

Michael Kruchten

Parex Resources Inc - Senior Vice President - Capital Markets and Corporate Planning

Good morning, everyone, and welcome to Parex Resources Fourth Quarter 2025 Conference Call and Webcast. My name is Mike Kruchten, and on the call with me today are our President and Chief Executive Officer, Imad Mohsen; our Chief Financial Officer, Cam Grainger; and our Chief Operating Officer, Eric Furlan.(Operator Instructions)

As a reminder, this conference call includes forward-looking statements as well as non-GAAP and other financial measures with the associated risks outlined in our news release and MD&A, which can be found on our website or at

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.