Freehold Royalties Ltd (TSX:FRU)
C$ 13.91 0.18 (1.31%) Market Cap: 2.10 Bil Enterprise Value: 2.33 Bil PE Ratio: 13.91 PB Ratio: 2.27 GF Score: 85/100

Q2 2019 Freehold Royalties Ltd Earnings Call Transcript

Aug 02, 2019 / 01:00PM GMT
Release Date Price: C$8.1 (+1.63%)
Operator

Good morning, ladies and gentlemen. Welcome to the Freehold Royalties Ltd. Second Quarter 2019 Conference Call. Please be advised that certain statements on this call constitute forward-looking information. These statements relate to future events or are expectations for future performance. All statements other than those of historical facts may be forward-looking, and we caution the listener.

I will now pass the call over to Tom Mullane, Chief Executive Officer. Please go ahead.

Thomas J. Mullane
Freehold Royalties Ltd. - President, CEO & Director

Thank you and good morning. Thanks for joining us. With me from Freehold are Alan Withey, our Chief Financial Officer; Matt Donohue, our Manager of Investor Relations and Capital Markets; and myself. We will summarize our second quarter results, and then we'll be happy to answer questions.

Some quarterly highlights we wanted to expand upon include, on the operations front, Q2 2019 royalty production averaged 10,311 BOEs a day, up 2% versus the previous quarter. The increase in royalty volumes

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