Paramount Resources Ltd. Announces Strong Q2 Results and Early Start-Up of Alhambra Plant

In a significant development for the energy sector, Paramount Resources Ltd., a Canadian energy company based in Calgary, has announced its second quarter 2025 financial and operating results. The company, which specializes in exploring and developing oil and natural gas in western Canada, has also revealed the early start-up of its new Alhambra Plant in Willesden Green and an increase in its production guidance for the year.

Financial Highlights

Paramount Resources reported robust sales volumes for the second quarter, averaging 31,631 barrels of oil equivalent per day (Boe/d), with 46% of these being liquids. The Central Alberta Region, which includes Willesden Green, contributed significantly with sales volumes averaging 9,223 Boe/d, 60% of which were liquids. Meanwhile, the Kaybob Region saw sales volumes of 21,962 Boe/d, with 39% liquids.

A key driver of these results was the Duvernay production, which accounted for 56% of total sales volumes. Notably, Duvernay condensate production made up 77% of total oil and condensate sales volumes. Financially, the company generated $40 million in cash from operating activities, translating to $0.28 per basic share. Adjusted funds flow was reported at $82 million ($0.57 per basic share), while free cash flow stood at a negative $86 million ($0.60 per basic share).

Capital Expenditures and Operational Developments

During the quarter, Paramount Resources invested $158 million in capital expenditures. The company’s activities included drilling ten net wells and completing five net wells in the Willesden Green Duvernay area. Additionally, the construction of the first and second phases of the Alhambra Plant continued, marking a significant milestone in the company’s operational expansion.

In the Kaybob North Duvernay region, three wells were drilled, contributing to the company’s overall production growth. The early start-up of the Alhambra Plant is a testament to Paramount Resources’ commitment to enhancing its production capabilities and operational efficiency.

Market Position and Outlook

Paramount Resources is publicly traded on the Toronto Stock Exchange, with a market capitalization of $3.08 billion CAD. The company’s price-to-earnings ratio stands at 2.04, reflecting investor confidence in its growth prospects. With the successful early start-up of the Alhambra Plant and increased production guidance, Paramount Resources is well-positioned to capitalize on the growing demand for oil and natural gas.

As the company continues to expand its operations and enhance its production capabilities, stakeholders can look forward to a promising future. For more detailed information, interested parties are encouraged to visit Paramount Resources’ website at www.paramountres.com .

In summary, Paramount Resources Ltd. has demonstrated strong financial performance and operational progress in the second quarter of 2025, setting a positive trajectory for the remainder of the year.