11:35 AM EDT, 03/11/2024 (MT Newswires) -- RBC Capital Markets said Monday that Peyto Exploration & Development Corp. ( PEYUF ) 's results in the fourth quarter of 2023 featured pre-released volumes that drove adjusted funds from operations to $1.05 per share, in line with RBC's estimate.

RBC said Peyto maintained its 2024 capital budget of $475 million but indicated that it would target the lower range of the guidance.

RBC also noted that Peyto provided a 2024 operations update with continued development in Greater Sundance and its recently acquired Repsol lands.

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