06:30 AM EDT, 03/12/2025 (MT Newswires) -- Peyto Exploration & Development ( PEYUF ) late on Tuesday said fourth-quarter earnings per share fell 15% and missed analysts' estimates.

Earnings dropped to $78.2 million, or $0.39 per share, from $87.8 million, or $0.46 per share. The result missed the consensus EPS estimate of $0.45 compiled by FactSet.

Natural gas and natural gas liquids sales including realized hedging gains was $315.1 million, down from $317.2 million. Analysts polled by FactSet expected sales of $305.2 million.

The company produced 133,426 barrels of oil equivalent per day, rising from 120,002 boe/d.

Peyto noted that the majority of its existing natural gas diversification contracts tied to U.S. hub exposure are physically delivered within Canada and would not be exposed to proposed U.S. tariffs. The company also sources most of its materials for operations domestically.

The company is planning of capital investments this year of $450-$500 million.

Peyto also announced the promotions of Michael Collens to vice president of marketing, Mike Rees to vice president of geoscience, and Crissy Rafoss to vice president of finance, effective April 1.