Peyto reports third-quarter 2026 results after markets close on November 9. Analysts expect earnings per share (EPS) of C$0.49, up from C$0.45 a year earlier. The company has beaten estimates in three of its last four comparable quarters. Its results will also include a preliminary 2027 capital budget.
Peyto Exploration & Development Corp. (TSX: PEY) will report results for the quarter ended September 30, 2026. The C$0.49 EPS estimate comes from just one analyst, so it offers a limited view of expectations. Peyto has posted modest earnings beats in its three most recent comparable quarters, but that doesn’t guarantee another. Follow PEY.TO on our Peyto stock page.
Recent earnings trend
Peyto Exploration&Development Corp
PEY.TO
PEY.TO
Peyto Exploration&Development Corp
WealthAwesomeMarket cap
$4.89B
P/E
10.0x
Div. yield
5.59%
Div. / share
$1.34
52W high
$28.15
52W low
$19.31
1W change
-5.71%
Beta
0.60
Analyst Price Targets
Based on analyst covering PEY · as of Oct 29, 2026
Wall Street analysts forecast PEY stock price to rise 17.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$27.88
+17.3% Upside
Previously C$27.75 on Oct 26, 2026
Current Price
C$23.77
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PEY's historical volatility
30-Day Vol
22.1%
Annualized
90-Day Vol
23.3%
Annualized
Trend (90d)
-21.7%
Annualized drift
90d Mean
C$22.00
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$23.16 | C$21.46 – C$25.00 |
| 60 trading days | C$22.57 | C$20.26 – C$25.15 |
| 90 trading days | C$22.00 | C$19.27 – C$25.11 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-09 | — | 0.4900 | — |
| 2026-06-30 | 2026-08-10 | 0.5200 | 0.5000 | +4.0% |
| 2026-03-31 | 2026-05-13 | 0.8218 | 0.7950 | +3.4% |
| 2025-12-31 | 2026-03-10 | 0.6100 | 0.6000 | +1.7% |
| 2025-09-30 | 2025-11-13 | 0.4500 | 0.4700 | -4.3% |
| 2025-06-30 | 2025-08-12 | 0.4300 | 0.4800 | -10.4% |
Investor takeaway: The November 9 report will show whether Peyto can keep growing earnings while managing costs and debt to support its dividend. The company recently raised its monthly dividend by 8% to C$0.13 per share. It also says it has cut net debt by about C$370 million over three years, bringing Debt/EBITDA below 1.00 times. The preliminary 2027 capital budget will give investors a better sense of how management plans to balance investment, debt and shareholder returns. There’s no revenue consensus, and the EPS estimate comes from one analyst, so it doesn’t capture the full range of expectations.
C$0.49
That’s the consensus EPS estimate for the quarter ended September 30, 2026, based on one analyst. It’s up 8.9% from C$0.45 a year earlier. Peyto has beaten estimates in three of its last four comparable quarters, but the small analyst sample and lack of a revenue estimate make the forecast uncertain.
Bull case
Peyto’s recent earnings record gives investors a reason for optimism. The company beat estimates by 4.00% in June 2026, 3.37% in March and 1.67% in December 2025. It has also reported low controllable costs, at C$1.04 per Mcfe in the second quarter of 2026, and lower leverage. If Peyto maintains its cost discipline and cash flow, the higher dividend and planned capital spending may be easier to support. The current EPS estimate of C$0.49 is also above last year’s C$0.45.
Bear case
Recent earnings beats don’t remove the risks tied to commodity prices, operations or capital spending. Peyto missed its estimate in September 2025, and the current forecast comes from just one analyst. Without a revenue estimate, it’s hard to judge the EPS forecast on its own. Peyto shares recently closed at C$23.77, below their 50-day and 200-day moving averages. The preliminary 2027 budget may also show how management plans to balance development spending, debt and the higher dividend.
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