Latest news with #Peyto
Globe and Mail
3 days ago
- Business
- Globe and Mail
Peyto Exploration & Development Corp. Confirms Monthly Dividend for September 15, 2025
CALGARY, Alberta, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to August 2025 of $0.11 per common share is to be paid on September 15, 2025, for shareholders of record on August 31, 2025. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at to learn more about what makes Peyto one of North America's most exciting energy companies. The website also includes a monthly report, which discusses various topics chosen by the President and CEO and includes estimates of monthly capital expenditures and production. For further information please contact: Jean-Paul Lachance President and Chief Executive Officer Phone: (403) 261-6081 Fax: (403) 451-4100 info@ Certain information set forth in this document, including management's assessment of Peyto's future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties' control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Peyto's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Peyto will derive therefrom. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
Globe and Mail
15-07-2025
- Business
- Globe and Mail
Peyto Exploration & Development Corp. Confirms Monthly Dividend for August 15, 2025
CALGARY, Alberta, July 15, 2025 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to July 2025 of $0.11 per common share is to be paid on August 15, 2025, for shareholders of record on July 31, 2025. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at to learn more about what makes Peyto one of North America's most exciting energy companies. The website also includes a monthly report, which discusses various topics chosen by the President and CEO and includes estimates of monthly capital expenditures and production. For further information please contact: Jean-Paul Lachance President and Chief Executive Officer Phone: (403) 261-6081 Fax: (403) 451-4100 info@ Certain information set forth in this document, including management's assessment of Peyto's future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties' control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Peyto's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Peyto will derive therefrom. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
Yahoo
15-07-2025
- Business
- Yahoo
Peyto Exploration & Development Corp. Confirms Monthly Dividend for August 15, 2025
CALGARY, Alberta, July 15, 2025 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to July 2025 of $0.11 per common share is to be paid on August 15, 2025, for shareholders of record on July 31, 2025. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at to learn more about what makes Peyto one of North America's most exciting energy companies. The website also includes a monthly report, which discusses various topics chosen by the President and CEO and includes estimates of monthly capital expenditures and production. For further information please contact: Jean-Paul LachancePresident and Chief Executive OfficerPhone: (403) 261-6081Fax: (403) 451-4100info@ Certain information set forth in this document, including management's assessment of Peyto's future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties' control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Peyto's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Peyto will derive therefrom. The Toronto Stock Exchange has neither approved nor disapproved the information contained in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-07-2025
- Business
- Yahoo
I'd Buy This 6.8% Energy Stock Before Oil Prices Spike Again
Written by Amy Legate-Wolfe at The Motley Fool Canada When oil prices swing, energy stocks usually aren't far behind. And with tensions around global supply, Organization of Petroleum Exporting Companies' (OPEC+) production cuts, and the steady rise in demand, many investors expect another spike in prices before long. That makes now an ideal time to take a second look at Canadian producers, especially those that can handle price volatility and still pay a strong dividend. Peyto Exploration & Development (TSX:PEY) stands out as an energy stock worth watching before oil prices climb again. Peyto is a natural gas and natural gas liquids producer based in Alberta. It's a mid-cap name in the Canadian energy sector, with a market cap around $3.9 billion and a track record for keeping operations lean. It specializes in developing high-efficiency, low-decline assets in Alberta's Deep Basin, and owns and operates its own gas processing infrastructure. That vertical integration helps it control costs better than many competitors. As of writing, the stock trades around $20 per share, near the top end of its 52-week range. Despite this recent strength, the energy stock still appears attractively priced. It has a trailing price-to-earnings ratio of 13 and a forward P/E even lower. It also pays a monthly dividend, coming out at $1.32 annually, which gives it a yield of 6.8%. That kind of steady income is rare in the energy space, especially when it's backed by solid free cash flow and disciplined capital allocation. In its most recent earnings report for Q1 2025, Peyto posted revenue of $354 million, up from $314 million in the same quarter last year. Net income came in at $114 million, a significant improvement over $78 million the year before. Earnings per share (EPS) were $0.57, slightly below analyst expectations of $0.635, but still a strong result given softer energy prices in early 2025. The energy stock maintained an impressive operating margin of over 70%, continuing its reputation as one of the lowest-cost producers in the country. Peyto has also been drilling more efficiently. Management highlighted a 40% cost reduction in horizontal wells during the quarter, which is expected to help expand output in 2025. Capital spending is expected to come in between $450 million and $500 million for the year, and the energy stock has hedged a large portion of its output to ensure stable cash flow even if prices dip again. Beyond the fundamentals, what sets Peyto apart is its consistency. Over the past year, the energy stock is up nearly 40%. While some of that is tied to stronger gas prices, much of it reflects confidence in the company's ability to deliver reliable earnings and monthly dividends. Even as energy prices fluctuate, Peyto has continued to reward shareholders. That said, there are risks. Natural gas prices remain volatile, and any dip could put pressure on margins. The energy stock did miss earnings expectations last quarter, which shows that even efficient operators can be affected by market conditions. But Peyto's hedging strategy and low breakeven costs offer some protection. And the monthly dividend provides a reason to hold even during quiet periods. If you're looking for exposure to the energy sector but want to avoid the boom-and-bust cycle that hits more leveraged producers, Peyto offers a balanced approach. It doesn't rely on high prices to turn a profit. Instead, it focuses on doing more with less: drilling smart, running lean, and returning value to shareholders. That's why Peyto looks like a smart bet before oil prices spike again. The stock is well-managed, pays a solid dividend, and has room to grow. If you're looking to add a dependable energy name to your portfolio, this could be the right stock at the right time. The post I'd Buy This 6.8% Energy Stock Before Oil Prices Spike Again appeared first on The Motley Fool Canada. Before you buy stock in Peyto Exploration & Development Corp, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Peyto Exploration & Development Corp wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Peyto Exploration & Development Corp. Announces Retirement of a Director and Confirms Monthly Dividend for July 15, 2025
CALGARY, Alberta, June 13, 2025 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") announces the retirement of Michael (Mick) MacBean as a director and confirms the monthly dividend with respect to June 2025 of $0.11 per common share is to be paid on July 15, 2025, for shareholders of record on June 30, 2025. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Mr. MacBean is retiring from the Peyto board, effective June 13, 2025. On behalf of the board, management and shareholders, we would like to thank Mick for his 20+ years of service, including his previous roles as lead independent director, Chair of the audit committee and most recently as Chair of the compensation committee. Mick was instrumental in the design and implementation of the new Total Shareholder Return Rights Plan. Mick's contributions to Peyto will be greatly missed and we wish him the best in his future endeavors. Shareholders and interested investors are encouraged to visit the Peyto website at to learn more about what makes Peyto one of North America's most exciting energy companies. The website also includes a monthly report, which discusses various topics chosen by the President and CEO and includes estimates of monthly capital expenditures and production. For further information please contact: Jean-Paul LachancePresident and Chief Executive OfficerPhone: (403) 261-6081Fax: (403) 451-4100info@ Certain information set forth in this document, including management's assessment of Peyto's future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties' control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Peyto's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Peyto will derive therefrom. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.
