The Canadian energy producer reported $0.82 EPS and $429.6M revenue, exceeding forecasts amid 10% production growth.
Peyto Exploration posted first-quarter GAAP earnings per share of $0.82, surpassing estimates by $0.28. Revenue reached $429.6M, up 21.3% year-over-year and $75.8M above expectations.
The company attributed the beat to record production volumes of 147,513 boe/d, a 10% increase from the prior year. Natural gas output averaged 777.6 MMcf/d, while NGLs contributed 17,919 bbls/d.
Shares showed muted reaction in after-hours trading as investors digested the results.