Peyto Exploration & Development Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

March 13, 2025

Peyto Exploration & Development (TSE:PEY) Full Year 2024 Results

Key Financial Results

Revenue: CA$857.1m (down 9.4% from FY 2023).
Net income: CA$280.6m (down 4.1% from FY 2023).
Profit margin: 33% (up from 31% in FY 2023). The increase in margin was driven by lower expenses.
EPS: CA$1.43 (down from CA$1.64 in FY 2023).

revenue-and-expenses-breakdown — TSX:PEY Revenue and Expenses Breakdown March 13th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Peyto Exploration & Development Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 23%.

In the last 12 months, the only revenue segment was Oil & Gas - Exploration & Production contributing CA$857.1m. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CA$377.7m (125% of total expenses). Explore how PEY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 5.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Peyto Exploration & Development (1 shouldn't be ignored) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.