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Peyto Exploration & Dev (TSE:PEY)
TSX:PEY
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.63Last Year’s EPS
0.51Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2025
|% Change Since: 14.35%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in production, financial performance, and strategic asset integration. Despite some operational challenges and market uncertainties, the company's effective hedging strategy and robust operating margins suggest a strong overall performance. The sentiment is positive with substantial highlights outweighing the lowlights.Company Guidance
During Peyto's Fourth Quarter 2024 Financial Results Conference Call, President and CEO Jean-Paul Lachance highlighted the company's successful operational and financial performance. Peyto drilled 41 gross wells on the acquired Repsol lands, accounting for 55% of their total 75 wells. This contributed to a sustained 40% production increase over legacy programs. The company reported outstanding Proved Developed Producing (PDP) Finding, Development, and Acquisition (FD&A) costs for 2024 at $1 per Mcfe. They achieved a record production of 133,000 BOEs per day in Q4, reaching a target exit production of 136,000 BOEs per day in December after deploying $457 million of capital, which was near the low end of their guidance. Their capital efficiency stood at approximately $9,700 per flowing BOE, one of the strongest in their history. Financially, they reported about $200 million in funds from operations or $1 per share in Q4, with cash costs of $1.36 per Mcfe, delivering a 64% operating margin. Looking forward, Peyto has hedged 480 million cubic feet per day for 2025 and plans to drill 70 to 80 net wells, aiming for an exit production of around 145,000 BOEs a day in December 2025. The company is also exploring options for further market diversification, including exposure to Japan Korea Marker (JKM) pricing and potential liquid-rich M&A opportunities.Successful Integration of Repsol Assets
Drilled 41 gross wells on the former Repsol lands, accounting for 55% of total wells drilled, resulting in a sustained 40% production improvement over legacy programs.
Record Production Levels
Achieved a record production level of 133,000 BOEs per day in Q4 and reached a target exit production of 136,000 BOEs per day in December 2024.
Strong Financial Performance
Generated roughly $200 million in funds from operations or $1 per share in the quarter, with a strong net sales price of $4.28 per Mcfe despite low AECO prices.
Robust Operating Margin
Delivered a 64% operating margin despite low average annual prices at AECO.
Effective Hedging Strategy
Secured $850 million of revenue for 2025 through hedging, with 480 million cubic feet per day hedged for this year at prices over $4 per Mcf.
Record Dividends
Paid a record amount of $258 million in dividends to shareholders for 2024.
Capital Efficiency
Achieved a trailing 12-month capital efficiency of approximately $9,700 per flowing BOE, one of the strongest in the company's history.
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TSE:PEY Earnings History
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
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TSE:PEY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 11, 2025 | C$15.54 | C$16.16 | +3.99% |
| Nov 13, 2024 | C$14.76 | C$14.76 | 0.00% |
| Aug 13, 2024 | C$13.94 | C$13.97 | +0.22% |
| May 14, 2024 | C$14.09 | C$13.98 | -0.78% |
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.
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FAQ
When does Peyto Exploration & Dev (TSE:PEY) report earnings?
Peyto Exploration & Dev (TSE:PEY) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Peyto Exploration & Dev (TSE:PEY) earnings time?
Peyto Exploration & Dev (TSE:PEY) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:PEY EPS forecast?
TSE:PEY EPS forecast for the fiscal quarter 2025 (Q1) is 0.63.
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