Peyto Exploration & Development Corp. (PEY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and thank you for standing by. Welcome to the PATOS first quarter 2026 financial results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to turn the call over to JB LaShawn, President and CEO. Please go ahead. Thanks, Lisa. Good morning, folks, and thanks for joining Payto's first quarter 2026 conference call. Before we begin, I'd like to remind everybody that all statements made by the company during this call are subject to the same forward-looking disclaimer and advisory set forth in the company's news release issued yesterday. Here in the room with me, I have Riley Frame, Tavis Carlson, Lee Curran, Todd Burdick, Mike Collins, Derek Zember, and Chrissy Rafus, and Mike Reese to answer any questions. Before we begin the quarter, on behalf of the management group, as always, I'd like to thank the entire PAYDO team that's both in the office here and in the field for their contributions to a record-breaking quarter. Overall, there's lots going on in the world during the quarter, some of which continues today, of course. But we managed through the chaos with a focus on execution like we always do. The record-breaking quarter I mentioned relates to production, funds from operations and earnings, both on an absolute basis, but most importantly on a per share basis. We spent $150 million in the quarter and still managed to pay down another $89 million of debt, which brings our ...