$FRU.TO

Freehold Royalties Renews Its Normal Course Issuer Bid

Freehold Royalties (FRU.TO) received approval from the Toronto Stock Exchange (TSX) to renew its normal course issuer bid (NCIB), it said Monday.The company may buy back up to 13.7-million common shares, about 10% of its 163.96-million issued and outstanding shares as of May 14, less shares held by directors, executive officers and principal securityholders. The renewed NCIB is expected to start on May 27, 2026 and will cancel on the earlier of the date on which the company has acquired all shares sought pursuant to the bid, or to May 26, 2027, unless earlier cancelled at the option of the company, upon prior notice being given to the TSX.Freehold has established an automatic securities purchase plan with a designated broker whereby shares may be bought back at times when such purchases would otherwise be prohibited pursuant to regulatory restrictions or self-imposed blackout periods.Shares of the company closed up 0.2% to $17.60 on Friday on the TSX.

Freehold Royalties Says Received TSX Approval for Renewal of Normal Course Issuer Bid

CIBC Raises Freehold Royalties' Price Target to C$18.50 from C$18.00 Following Q1 Results

CIBC Capital Markets on Tuesday reiterated its neutral rating on the shares of Freehold Royalties (FRU.TO) while raising its price target to C$18.50 from C$18.00 following the company's first-quarter results.The higher price target was based on a target 2026E EV/DACF multiple of 11.5x, CIBC said.Freehold's cash flows in the first quarter aligned with expectations on slightly lower-than-expected production volumes, CIBC said."Activity levels were surprisingly weak in the U.S. for FRU, but this was offset by strong activity in Canada," CIBC said. "We believe U.S. activity should inflect for FRU, based on positive H2/26 commentary from U.S. drillers and operators."Freehold is trading at a 2026 estimated EV/DACF of 11.0x and a free cash flow yield of 9%, compared with royalty peers at 15.7x and 6%, respectively, CIBC said.Price: $17.55, Change: $-0.20, Percent Change: -1.13%

Freehold Royalties Q1 Profit Falls on Lower Revenue, Tops Estimates; Renews NCIB Plan

Freehold Royalties (FRU.TO) after trade Wednesday reported a 6% year-over-year drop in first-quarter profit as revenue fell, though results topped estimates, while the company said it continues to monitor global geopolitical conditions.The company posted net income of C$35.1 million, or $0.21 per share, compared with $37.3 million, or $0.23, in the year-prior quarter. The consensus estimate among analysts polled by FactSet expected earnings of $0.18 per share.Royalty and other revenue declined 15% to $77.8 million from $91.1 million in the prior-year period.In the first quarter, total production stood at 15,533 boe/d (barrels of oil equivalent per day) including crude oil and natural gas liquids production of 10,136 bbls/d, representing a 65% liquids weighting in the quarter. The company also returned $44 million ($0.27/share) to shareholders through monthly dividends during the period.It also declared a monthly dividend of $0.09 per share to be paid on June 15, 2026, to shareholders of record on May 29.Additionally, Freehold Intends to apply to Toronto Stock Exchange to renew its Normal Course Issuer Bid (NCIB) for a further one-year period. If accepted, the NCIB will commence after the expiry of the current NCIB on May 26, 2026."We continue to expect that our liquids-weighted North American asset base will generate meaningful cash flows with current and expected macroeconomic conditions, supporting the Company's ability to sustain its dividends and deliver robust, long-term shareholder returns," said chief executive David Spyker.The company said it expects that production levels will continue at a moderate level into the second quarter of 2026, before growing through the latter half of the year. It added that any increase in production resulting from current political volatility is more likely to materialize starting in late 2026.Shares of the company closed up $0.20 to $17.75 on Toronto Stock Exchange

Freehold Royalties Intends to Apply to TSX To Renew its NCIB For a Further One Year Period

Earnings Flash (FRU.TO) Freehold Royalties Reports Q1 Per Share, Basic and Diluted $0.21

Freehold Royalties Q1 Revenue of $78M

Freehold Royalties Declared Dividend For April 2026 of C$0.09 Per Common Share, Unchanged From Prior Month

Freehold Royalties Declared Dividend For April 2026 of C$0.09 Per Common Share, Unchanged From Prior Month

RBC Expects Canadian E&P Companies to Discuss Use of Free Cash Flows During Q1 Earnings Season

RBC Capital Markets on Monday said it expects Canadian oil and gas exploration and production companies to discuss the use of free cash flows amid higher crude prices during the earnings reporting season for the first quarter.RBC expects the companies to outline their near-term focus on higher buybacks and debt repayment, with capital programs to increase later this year if pricing remains robust.According to RBC, AECO natural-gas prices experienced a brief rebound during the first quarter, but have since pulled back as supplies have remained robust, keeping pace with increased demand from LNG Canada.RBC said its estimates are largely above FactSet consensus forecasts for now.The earnings season will kick off April 20 with PrairieSky Royalty (PSK.TO) reporting after market close.Price: $10.11, Change: $+0.01, Percent Change: +0.10%

Freehold Royalties' Chief Financial Officer Resigns

Freehold Royalties (FRU.TO) Monday said that Shaina Morihira has submitted her resignation as vice president, finance and chief financial officer, effective May 15, 2026.The company said that Morihira will remain with the company until May 15, 2026 to ensure a smooth transition of responsibilities, including the filing of the company's Q1 2026 financial results on May 12, 2026.In the meantime, the company said it has initiated a formal search for Morihira's successor through the assistance of an executive search firm."On behalf of the entire organization, I thank Ms. Morihira for her dedication and leadership," said David Spyker, president and chief executive."During her tenure, she played a meaningful role as we transitioned into a fully staffed independent organization. She supported key strategic initiatives and led with a strong focus on collaboration and strengthening organizational capabilities. We wish Shaina all the best in her future endeavours."The company's shares were last seen up $0.20 at $17.35 on the Toronto Stock Exchange.Price: $17.32, Change: $+0.17, Percent Change: +0.99%

Freehold Royalties Announcing Shaina Morihira Has Submitted Her Resignation as VP, Finance and Chief Financial Officer, Effective May 15, 2026