Paramount Resources Announces Closing of Sale of NuVista Energy Ltd. Shares and October Dividend

Executive Summary

• Paramount Resources closed the sale of 18.5 million NuVista Energy Ltd. common shares, generating $296 million in cash proceeds.
• The Board declared a cash dividend of $0.05 per common share, payable on October 31, 2025 to shareholders of record on October 15, 2025.
• Proceeds from the transaction will bolster Paramount’s liquidity and support ongoing exploration, development and strategic initiatives.

Key Details

• Transaction: Sale of 18.5 million NuVista Energy Ltd. common shares (previously announced).
• Cash Consideration: Aggregate proceeds of $296 million received at closing.
• Use of Proceeds: Not explicitly detailed; implied support for corporate operations, debt reduction, and strategic investments.
• Dividend Declaration: Cash dividend of $0.05 per common share, designated as an “eligible dividend” for Canadian tax purposes.
• Payment Dates: Payable on October 31, 2025 to shareholders of record on October 15, 2025.
• Impact: Enhances cash position; provides immediate return to shareholders; reflects confidence in free‑cash flow generation.

Notable Quotes

(No direct quotes were provided in the release.)