The earnings call presented a positive outlook with strong financial performance and production efficiency, supported by a successful hedging strategy and future growth plans. However, challenges included adverse weather impacts, low AECO prices, and high government-related costs.

Company Guidance

In Peyto's Third Quarter 2025 Earnings Conference Call, the company reported a strong quarter with production per share up by 5% compared to Q3 last year, and production remained relatively stable quarter-over-quarter at approximately 130,000 BOEs per day. The company achieved a significant reduction in cash costs, which reached $1.21 per Mcfe ($1.13 per Mcfe without royalties), marking the lowest level since the acquisition of Repsol Canada assets in late 2023. Despite AECO 7A prices averaging a low $0.94 per GJ, Peyto's strong hedging strategy and market diversification resulted in an all-in realized natural gas price of $3.57 per Mcf, yielding a 3.3x multiple over AECO prices. Funds from operations reached nearly $200 million, up 29% year-over-year, with a profit margin of 29%. The company paid $66 million in dividends, representing $0.33 per share, with a payout ratio just under 100%. Capital expenditures for the quarter totaled $126 million, influenced by projects such as the new compressor station in Sundance and the addition of a fifth rig. Peyto's liquidity remains robust, supported by an extended credit facility of $1.05 billion, and the company expects to set a new production record in November, targeting a production exit rate of 140,000 BOEs per day by December. Looking ahead to 2026, Peyto plans to invest $450 million to $500 million in capital, aiming to drill 70 to 80 net wells, potentially adding 43,000 to 48,000 BOEs per day by year-end, while maintaining a disciplined hedging strategy to navigate market volatility.

Strong Financial Performance

Funds from operations nearly $200 million or $0.98 per diluted share, up 29% from Q3 last year, with a profit margin of 29%.

Increased Production and Efficiency

Quarterly production per share up 5% compared to Q3 last year. Operating profit margin at 72% and cash costs at their lowest since the Repsol Canada asset purchase.

Successful Hedging Strategy

Hedging added $87 million of gains or about $1.38 per Mcf for gas, contributing to a realized natural gas price of $3.57 per Mcf.

Expansion and Future Growth

Addition of a fifth rig and extension of credit facility for 4 years, with plans to invest $450 million to $500 million in capital for 2026.

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
Mar 10, 2026	2025 (Q4)	0.57 / -	0.39	―	―	―
Nov 13, 2025	2025 (Q3)	0.47 / 0.45	0.26	73.08% (+0.19)	―	―
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)	―	―

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
Nov 13, 2025	C$20.78	C$21.71	+4.48%
Aug 12, 2025	C$18.72	C$18.45	-1.44%
May 13, 2025	C$18.97	C$18.60	-1.95%
Mar 11, 2025	C$14.93	C$15.52	+3.95%

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 Mar 10, 2026, TBA (Confirmed).

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

Peyto Exploration & Dev (TSE:PEY) earnings time is at Mar 10, 2026, 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 (Q4) is 0.58.

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