Peyto Exploration & Development Corp

Peyto reported adjusted earnings of CAD 0.50 per share for Q2 2026, missing the consensus estimate of CAD 0.525, while revenue of CAD 347.77 million exceeded expectations. The company generated strong operating cash flow of CAD 228 million, achieved an operating margin of 71% and reduced controllable cash costs to CAD 1.04 per Mcfe. Peyto cut net debt by CAD 72 million and confirmed a capital expenditure budget of CAD 450–500 million as well as plans for 78 net wells in 2026. Management warned that a long-term gas supply agreement with Centrica could make future quarterly results more volatile due to mark-to-market valuations, while noting that significant volumes are hedged at prices through 2027. » Altro su de.investing.com

Peyto has signed a contract with Centrica Energy under which 50,000 MMBtu of natural gas will be delivered daily at the NIT "AECO" trading point for ten years starting in 2029. The delivery is linked to the European reference price Title Transfer Facility (TTF), giving Peyto access to LNG market price formation. The company trades near its 52-week high, has a market capitalization of $1.07 billion and has paid a dividend for 23 years, with a current yield of 4.78%. » Altro su de.investing.com

Peyto Exploration & Development delivered record Q1 2026 production of 147,500 BOE/day, record funds from operations of CAD 293 million and record earnings of CAD 171 million, driven by stronger pricing, low costs and market diversification. The company reduced debt by CAD 89 million in the quarter (CAD 275 million since the Repsol acquisition), reached its soft leverage target and increased the monthly dividend by CAD 0.01 per share. Management maintained the 2026 capital plan of CAD 450–500 million and 70–80 net wells, shifted drilling toward liquids-rich targets, and said about 70% of summer gas volumes are hedged or fixed. » Altro su finance.yahoo.com