Earnings release
Page 1
SOURCE ROCK ROYALTIES ANNOUNCES SECOND QUARTER 2026 RESULTS INCLUDING RECORD QUARTERLY ROYALTY REVENUE / NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./ CALGARY , AB , Aug. 31 , 2026 / CNW / -- Source Rock Royalties Ltd. ( " Source Rock " ) ( TSXV : SRR ) , a pure - play oil and gas royalty company with an established portfolio of oil focused royalties and Crown mineral leases , announces results for the three and six month periods ended June 30 , 2026 . SOURCE ROCK ROYALTIES LTD . Source Rock Logo Second Quarter Highlights : • Record quarterly royalty revenue of $ 2,134,983 , an increase of 40 % over Q2 2025 . Quarterly royalty production of 220 boe / d ( 94 % oil and NGLs ) , a decrease of 7 % over Q2 2025 . • • Quarterly adjusted EBITDA ( 1 ) of $ 1,932,155 ( $ 0.042 per share ) , an increase of 49 % over Q2 2025 . Quarterly funds from operations ( 1 ) of $ 1,623,372 ( $ 0.036 per share ) , an increase of 39 % over Q2 2025 . • Declared three monthly dividends of $ 0.0065 per share , resulting in a payout ratio ( 1 ) of 55 % . • Achieved an operating netback ( 1 ) of $ 96.51 per boe and a corporate netback ( 1 ) of $ 81.09 per boe . • 8 gross new horizontal wells began producing on royalty lands in central Alberta , all of which were Clearwater wells . • Acquired a 0.5 % gross overriding royalty in producing lands in Saskatchewan . • Acquired a 50 % interest in 16.75 sections ( 10,720 acres ) of Crown mineral leases in Alberta for a purchase price of $ 402,073 , increasing total leases to 50.75 sections ( 32,480 acres ) . Working capital ( 2 ) of $ 4,899,871 ( 0.11 per share ) as at June 30 , 2026 , compared to $ 4,567,435 ( 0.10 per share ) as at March 31 , 2026 . Year - to - date Highlights : • Royalty revenue of $ 3,440,390 , an increase of 7 % over the same period in 2025 Royalty production of 203 boe / d ( 93 % oil and NGLs ) , a decrease of 13 % over the same period in 2025 . Adjusted EBITDA ( 1 ) of $ 2,951,766 ( $ 0.065 per share ) , an increase of 7 % over the same period in 2025 . • Funds from operations ( 1 ) of $ 2,555,631 ( $ 0.056 per share ) , an increase of 4 % over the same period in 2025 . • Declared six monthly dividends of $ 0.0065 per share , resulting in a payout ratio ( 1 ) of 70 % . • 19 gross new horizontal wells began producing on royalty lands in central Alberta ( 15 ) and S.E.