Parex Resources Inc. Announces Strong Q1 Results and Dividend Declaration

CALGARY, Alberta, May 8, 2025 — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) has released its financial and operational results for the first quarter ending March 31, 2025, marking a significant period for the Canadian oil and gas exploration and production company. The announcement, which was covered by multiple financial news outlets, highlights Parex’s commitment to delivering value to its shareholders and maintaining operational excellence.

Financial Highlights and Dividend Declaration

Parex has declared a Q2 2025 regular dividend of C$0.385 per share, reinforcing its position as a reliable dividend-paying entity in the energy sector. This declaration aligns with the company’s strategy to provide consistent returns to its investors, even as it navigates the dynamic landscape of the oil and gas industry. The dividend announcement was echoed across several platforms, including Seeking Alpha and the Financial Post, underscoring its significance in the market.

The company’s close price as of May 5, 2025, stood at C$10.78, reflecting a stable performance amidst fluctuating market conditions. With a market capitalization of approximately C$1.08 billion, Parex continues to demonstrate resilience and strategic foresight in its operations.

Operational Update

In its operational update, Parex emphasized its ongoing efforts in crude oil exploration, development, and production, primarily focusing on its activities in Colombia. The company’s strategic initiatives are aimed at optimizing production efficiency and expanding its resource base, ensuring long-term growth and sustainability.

Market Position and Outlook

Parex Resources Inc. operates within the energy sector, specifically in the oil, gas, and consumable fuels industry. As a company listed on the Toronto Stock Exchange, it remains a key player in the Canadian energy landscape. The recent financial results and dividend declaration are indicative of Parex’s prudent management and strategic planning, positioning it well for future opportunities.

The company’s price-to-earnings ratio of 5.11602 suggests a potentially attractive valuation for investors seeking growth in the energy sector. With a 52-week high of C$24.55 and a low of C$10.3, Parex’s stock has shown volatility, yet the recent stability in its close price points to a positive trajectory.

Conclusion

Parex Resources Inc. continues to build on its strengths in the oil and gas sector, delivering robust financial performance and shareholder value. The Q2 2025 dividend declaration is a testament to the company’s commitment to its investors, while its operational updates reflect a forward-looking approach to growth and development. As Parex navigates the evolving energy landscape, its strategic initiatives and financial discipline position it well for sustained success.

For more information on Parex Resources Inc., visit their website at www.parexresources.com .