Peyto Exploration & Development Corp.
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Jean-Paul H. Lachance
- Full Time Employees
- 87
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- 600 3rd Avenue SW Calgary AB Canada T2P 0G5
- IPO Date
- Dec 8, 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.
Company News
18 Ideal 'Safer' DiviDog Buys Readers Tagged In September
Peyto Exploration & Development Corp. Confirms Monthly Dividend for November 13, 2026
Monthly-Paid Dividends: 28 IDEAL 'Safer' September Dog Buys
Readers Flag 31 Ideal 'Safer' Dividend Buys In July
Peyto Exploration & Development Corp. Confirms Monthly Dividend for September 15, 2026
Peyto: Another Excellent Quarter With Premium Pricing And Robust Hedging
Peyto Exploration & Development Corp. Confirms Monthly Dividend For August 14, 2026
UK's Centrica signs natural gas supply deal with Canada's Peyto
Peyto: Modeling The Projection Of Canada's Most Efficient Gas Producer
Peyto Exploration & Development Corp. Announces Voting Results From Annual General Meeting of Shareholders
Peyto Exploration & Development Q1 Earnings Call Highlights
Peyto: The Outperformance Continues
Peyto Exploration & Development Corp. (PEY:CA) Q1 2026 Earnings Call Transcript
Peyto Exploration & Development Corp. Confirms Monthly Dividend for May 15, 2026
Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Given Average Recommendation of “Moderate Buy” by Analysts
Peyto: Ending The Fiscal Year On A Strong Note
Peyto Exploration & Development Corp. Confirms Monthly Dividend for April 15, 2026
Peyto Exploration & Development Corp. (PEY:CA) Q4 2025 Earnings Call Transcript
Peyto Reports Fourth Quarter and 2025 Annual Results
Peyto Exploration & Development Corp. (OTCMKTS:PEYUF) Given Average Recommendation of “Moderate Buy” by Brokerages