The earnings call for Peyto's second quarter of 2025 highlighted substantial production growth, successful cost management, and effective hedging strategies, leading to increased funds from operations and significant debt reduction. Although there were some operational interruptions due to external factors like fires and an increase in property taxes, the positive aspects far outweighed these challenges.

Company Guidance

During Peyto's Second Quarter 2025 Financial Results Conference Call, the company provided several key metrics and guidance for the rest of the year. Production increased by 8% year-over-year, reaching just under 132,000 BOEs per day, while cash costs decreased by 13% to $1.31 per Mcfe. The company's strong hedge book contributed $53 million in total gains, enhancing realized gas revenue by $0.75 per Mcf. Market diversification added another $0.53 per Mcf net of transportation costs. These factors helped boost funds from operations by 24%, totaling $191 million or $0.95 per diluted share, up 20% from the previous year. Peyto plans to spend between $450 million to $500 million in 2025, aiming to achieve a capital efficiency rate of $10,000 to $11,000 per BOE per day by year-end. The company expects royalty rates to remain around 5% for the remainder of the year, with interest costs decreasing due to lower interest rates and reduced bank debt, which was cut by $40 million in the quarter and $105 million year-to-date. Looking forward, Peyto plans to continue its drilling activities, including developing new wells in the Falher channel trend, and anticipates ramping up production in Q4 to coincide with better winter pricing.

Increased Production and Reduced Costs

Quarter production was just under 132,000 BOEs a day, up 8% since the second quarter of 2024. Cash costs were down 13% over the same period to $1.31 per Mcfe.

Hedging and Diversification Success

Strong hedge book added $53 million in total gains, contributing $0.75 per Mcf to realized gas revenue. Market diversification added $0.53 per Mcf net of transportation costs over AECO pricing.

Significant Increase in Funds from Operations

Funds from operations increased by 24% year-over-year, generating $191 million in the quarter, or $0.95 per diluted share, up 20% from Q2 last year.

Debt Reduction

Paid down $40 million of net debt in the quarter and $105 million year-to-date.

Successful Drilling Program

Drilled 19 wells, completed 19, and tied in 21 in the quarter, with a notable 37% reduction in drilling and completion costs per meter for Cardium wells.

Promising New Discoveries

Completed a well in the Falher channel trend that produced over 1 Bcf of gas, the best outcome in this trend so far.

Peyto Exploration & Dev (TSE:PEY) 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

Daily Earnings Calendar >

TSE:PEY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 13, 2025	2025 (Q3)	0.47 / -	0.26	―	―	―
Aug 12, 2025	2025 (Q2)	0.47 / 0.43	0.26	65.38% (+0.17)	―	―
May 13, 2025	2025 (Q1)	0.63 / 0.57	0.51	11.76% (+0.06)	―	―
Mar 11, 2025	2024 (Q4)	0.48 / 0.39	0.46	-15.22% (-0.07)	―	―
Nov 13, 2024	2024 (Q3)	0.30 / 0.26	0.33	-21.21% (-0.07)	―	―
Aug 13, 2024	2024 (Q2)	0.28 / 0.26	0.33	-21.21% (-0.07)	―	―
May 14, 2024	2024 (Q1)	0.52 / 0.51	0.51	0.00% (0.00)	―	―
Mar 07, 2024	2023 (Q4)	0.44 / 0.46	0.64	-28.13% (-0.18)	―	―
Nov 08, 2023	2023 (Q3)	0.33 / 0.33	0.48	-31.25% (-0.15)	―	―
Aug 10, 2023	2023 (Q2)	0.24 / 0.33	0.54	-38.89% (-0.21)	―	―

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

TSE:PEY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 12, 2025	C$19.05	C$18.77	-1.47%
May 13, 2025	C$19.30	C$18.92	-1.97%
Mar 11, 2025	C$15.18	C$15.79	+4.02%
Nov 13, 2024	C$14.42	C$14.42	0.00%

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 (TSE:PEY) report earnings?

Peyto Exploration & Dev (TSE:PEY) is schdueled to report earning on Nov 13, 2025, TBA (Confirmed).

What is Peyto Exploration & Dev (TSE:PEY) earnings time?

Peyto Exploration & Dev (TSE:PEY) earnings time is at Nov 13, 2025, TBA (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 (Q3) is 0.47.

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