From GlobeNewswire: 2025-03-11 20:24:00

Peyto Exploration & Development Corp. reported strong financial results for Q4 2024, including $199.0 million in funds from operations and $79.6 million of free funds flow. The Company booked record reserves per well and delivered a 66% annual operating margin. Peyto’s hedging program protected revenues despite lower natural gas prices.

The Company realized earnings of $78.2 million in the quarter and $280.6 million in 2024. A 9% return on capital employed and a 10% return on equity were achieved. Peyto returned a record $258.4 million in dividends to shareholders in 2024. The Company’s disciplined capital program resulted in record production volumes.

In 2024, Peyto had one of its most successful years in 26 years of operations, with record reserves and strong financial performance despite low natural gas prices. The Company’s strategy focuses on maximizing returns for shareholders through profitable development of natural gas resources. Peyto’s operational execution and cost control have resulted in consistent financial benefits over the years.

Peyto’s management additions include new Vice Presidents for Marketing, Geoscience, and Finance. The Company is optimistic about future natural gas demand and prices, with LNG export facility start-ups and AI data centers driving demand. Peyto plans a flexible capital program for 2025 to adjust to changing market conditions and maintain revenue security.

The Company’s strong hedge position and market diversification provide revenue security and upside potential. Peyto’s net debt is $1.35 billion, and its total payout ratio was 93% in Q4 2024. The Company’s focus on efficiency, profitability, and sustainability has positioned it well in the energy industry.

For more detailed financial information, including non-GAAP measures and financial ratios, refer to Peyto’s latest MD&A and financial statements. The Company’s annual and special meeting of shareholders is scheduled for May 22, 2025. Peyto’s management remains committed to delivering value to shareholders and maintaining a strong financial position.



Read more at GlobeNewswire:: Peyto Reports Strong Fourth Quarter and 2024