Peyto exhibited strong financial performance, effective gas hedging strategies, and innovative drilling practices. However, they face challenges with economic uncertainty and low Alberta gas pool prices, emphasizing the need for continued diversification.
Company Guidance
During Peyto's First Quarter 2025 Financial Results Conference Call, the company provided detailed guidance on its financial and operational performance. Peyto reported generating $225 million in funds from operations, with a significant contribution from gas hedging gains of $0.83 per Mcf and a gas diversification portfolio that added $1.13 per Mcf in value, resulting in a total revenue of $4.17 per Mcf, 89% higher than the AECO price. The company maintained low cash costs of $1.42 per Mcfe, down from $1.51 per Mcfe in the previous year, and achieved a robust 71% operating margin. Capital expenditures for the quarter amounted to $102 million, enabling Peyto to pay $66 million in dividends and retire $66 million in net debt. The company drilled 19 wells, completed 13, and tied in 14 during the quarter, with a focus on the prolific flare channel and new drilling techniques in the Cardium formation. Looking ahead, Peyto plans to spend between $450 million and $500 million for 2025, with a target capital efficiency rate of $10,000 to $11,000 per flowing BOE, sufficient to offset a 27% annual corporate decline rate.
Strong Financial Performance
Peyto generated funds from operations of $225 million in Q1 2025, thanks to gas hedging gains and a strong gas diversification portfolio. The operating margin was 71%.
Gas Hedging and Diversification Success
The gas hedging program and diversification to U.S. price markets resulted in a realized price of $4.17 per Mcf, 89% higher than the monthly AECO price.
Debt Reduction and Dividend Payout
Peyto paid out $66 million in dividends and retired approximately $66 million in net debt.
Innovative Drilling Techniques
Successful test of a new drilling technique in the Cardium formation resulted in 40% lower drill costs per horizontal meter.
Peyto Exploration & Dev (PEYUF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PEYUF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 13, 2025
$14.08
$13.79
-2.05%
Mar 11, 2025
$10.74
$11.15
+3.89%
Nov 13, 2024
$10.53
$10.48
-0.46%
Aug 13, 2024
$10.06
$10.09
+0.33%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Peyto Exploration & Dev (PEYUF) report earnings?
Peyto Exploration & Dev (PEYUF) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Peyto Exploration & Dev (PEYUF) earnings time?
Peyto Exploration & Dev (PEYUF) earnings time is at Aug 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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