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Parex Q2 FFO hits $105 mln, net income $49 mln

ReutersJul 30, 2025 12:14 PM

Overview

Parex Q2 2025 FFO reaches $105 mln, driven by operational efficiency
Net income for Q2 2025 totals $49 mln, reflecting strong performance
Company repurchased 630,000 shares and declared Q3 2025 dividend

Outlook

Parex maintains FY 2025 production guidance at 43,000 to 47,000 boe/d
Company expects incremental production growth from LLA-32, Capachos
Parex benefits from favorable oil price differentials, reduced energy costs
Company hedges Brent crude oil price risk for Q3 2025

Result Drivers

OPERATIONAL EFFICIENCY - Strong Q2 results driven by operational efficiency and favorable crude oil price differentials, per CEO Imad Mohsen
EXPLORATION SUCCESS - Successful near-field exploration wells contributing approximately 2,500 bbl/d to current production
LOWER PRODUCTION EXPENSES - Reduced energy costs and efficiency initiatives lowering production expenses, slightly offset by higher current taxes

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Net Income		$49 mln
Q2 FFO		$105 mln
Q2 FFO Per Share		$1.08

Press Release: ID:nGNX6bBT6x

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