Cash Flow PerformancePeyto reported cash flow of $0.98/share (diluted), slightly above consensus and our estimates of $0.94 and $0.95, respectively.
Dividend And Capital ProgramPeyto's solid dividend yield and steady capital program remain well-protected by the ol' reliable hedge book, with above average production per share growth versus peers.
Hedging And Natural Gas PricesManagement noted Q4/25 exit production of ~145 mboe/d, well-timed for the expected improvement in natural gas prices.