Peyto Exploration & Development stock gets Q3 growth plan

Published on 11/13/2026 at 22:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Peyto Exploration & Development stock gets a fresh operating readout after Q3 production rose 10%. A 2027 plan targets more Cardium and liquids-rich drilling.

Key operating and capital priorities

Third-quarter production rose 10 percent year over year, while NGL volumes increased 20 percent.
Adjusted earnings climbed 15 percent to 105.4 million dollars, supported by lower controllable cash costs and hedging.
The preliminary 2027 capital budget of 475 million to 525 million dollars emphasizes Cardium drilling and higher liquids output.

PEY, CA7170461064, Illustration mit AI erstellt.

On November 9, Peyto Exploration & Development Corp. reported stronger third-quarter production and adjusted earnings while presenting a preliminary 2027 capital program. The company said in a GlobeNewswire release that production increased 10 percent year over year to 142,952 barrels of oil equivalent per day. NGL volumes rose 20 percent as Cardium drilling and higher recovery rates lifted liquids output.

Funds from operations reached 220.9 million dollars, up 11 percent from the year-earlier quarter, while free funds flow was 92.8 million dollars. Adjusted earnings, which exclude the after-tax effect of unrealized gains or losses on financial instruments and foreign exchange, increased 15 percent to 105.4 million dollars, or 0.50 dollars per diluted share.

Q3 results strengthen operating base

Peyto said controllable cash costs excluding royalties fell 10 percent year over year to 1.02 dollars per thousand cubic feet equivalent, the lowest level since the first quarter of 2023. Realized natural-gas prices after hedging were 3.50 dollars per thousand cubic feet, while the company generated 40.6 million dollars in realized hedging gains.

Capital expenditures totaled 124.0 million dollars in the quarter. Peyto drilled 22 wells, completed 19 and brought 20 wells on production. Dividends totaled 74.3 million dollars, and net debt fell by 23.8 million dollars from June 30.

2027 plan shifts toward liquids

The preliminary 2027 capital budget stands at 475 million to 525 million dollars. Peyto expects to drill 70 to 80 horizontal wells, with more than one-third of locations focused on Cardium. A fifth drilling rig is expected before the end of 2026, and the company aims to raise its liquids share to about 15 percent of production by year-end 2027.

The program is also expected to add 45,000 to 50,000 barrels of oil equivalent per day by the end of 2027, more than offsetting an estimated annual decline of 26 to 28 percent. Peyto said the detailed budget will be finalized in early 2027.

Peyto stock traded at 16.24 euros on Lang & Schwarz at 22:17 CET on Friday, November 13, 2026.