Peyto Exploration & Development Reports Record Q1 Earnings and Dividend Increase
Peyto Exploration & Development reported record first-quarter production at 147,500 BOE/day alongside CAD 293 million in funds from operations and CAD 171 million in earnings. The company reduced debt by CAD 89 million during the quarter and raised its dividend by 9%. Peyto maintained a stable capital plan for 2026 while shifting drilling toward liquids-rich targets.
Topics: debt reduction dividend increase oil and gas production growth