Peyto Exploration & Development Corp.
PEY.TO
Toronto Stock Exchange25.91
CAD
+0.32
- -
ISIN
CA7170461064
CUSIP
717046106
Return %
Stock
S&P500
1Y
33.49
26.53
3Y
133.84
76.60
5Y
343.66
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Tavis Aaron Carlson
- Full Time Employees
- 53
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 600 – 3rd Avenue SW Calgary AB Canada T2P 0G5
- IPO Date
- Dec 11, 1997
- Website
- peyto.com
- Similar Companies
- Business
- Peyto Exploration & Development Corp. Peyto Exploration & Development Corp. is a Canadian energy company focused on the exploration, development, and production of natural gas, oil, and natural gas liquids primarily in Alberta's Deep Basin; its core assets include operated gas processing facilities with over 1.5 bcf/d capacity across areas such as Greater Sundance, Brazeau, Cutbank, and Kakwa, encompassing 1.1 million net acres and production weighted approximately 88% to natural gas and 12% to liquids like condensate, pentanes plus, propane, and butane. The company, founded in 1997 and headquartered in Calgary, Alberta, operates 17 gas plants including Edson (83% working interest, 275 MMcf/d capacity), Swanson, Nosehill, and Oldman, while marketing its production through diversification to hubs like Empress, Dawn, Ventura, Malin, and a 15-year gas supply agreement with Kineticor's Cascade 900 MWh power plant commenced in 2024. Peyto holds proved plus probable reserves of 8.2 trillion cubic feet equivalent (1.37 billion boe) as of December 31, 2024, with a 30-year 2P reserve life index and drilling inventory exceeding 1,571 booked locations across Cretaceous formations including Wilrich, Notikewin, Dunvegan, Falher, and Cardium. In a major strategic expansion, Peyto acquired Repsol Canada Energy Partnership in October 2023 for US$468 million, adding 455,000 net acres, 23,000 boe/d low-decline production (75% gas, 25% NGLs), and five operated gas plants adjacent to its core Sundance area, enabling over 800 identified drilling locations and pro forma production growth potential to 100,000 boe/d from the acquired assets. Post-acquisition, Peyto integrated infrastructure by shutting down sour gas units at Edson Gas Plant, reactivating pipelines between Cecilia, Wild River, and Oldman, and terminating deep-cut processing contracts to reject low-value ethane, targeting a 10% reduction in per-unit operating costs to $0.50/Mcfe by end-2024; the company plans $450-500 million capital spending in 2026 to add 43,000-48,000 boe/d while maintaining monthly dividends at $0.11/share, funding programs from free cash flow, and reducing net debt toward a leverage ratio below 1.0x Debt/EBITDA.
Peyto Exploration & Development Corp. Announces Voting Results From Annual General Meeting of Shareholders
Peyto Exploration & Development Corp. Confirms Monthly Dividend for November 14, 2025