Alberta-based Peyto is a major Canadian gas producer and processor. Fourth-quarter production for the period ended Dec. 31, 2025 was 140,794 barrels of oil equivalent/day (BoE/d), a 6% increase from the same quarter in 2024. Annual BoE/d production was 134,055, up 7% from 2024. It generated net earnings of $125.9 million ($0.61 per share) for the quarter and $418.6 million ($2.06 per share) for calendar 2025, up 49%.
Peyto’s hedging program meant it received $3.32 per GigaJoule ($3.82 McF) against $1.76 average for the market and has hedged 490 MMcF at $4.14 McF for 2026, and 248 MMcF at $3.53 McF for 2027. Peyto expects to spend $450 to $500 million in capital expenditures in 2026, with flexibility to take advantage of price movements.