Peyto Exploration & Development Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 217.26 million compared to CAD 284.62 million a year ago. Net income was CAD 57.44 million compared to CAD 84.86 million a year ago. Basic earnings per share from continuing operations was CAD 0.33 compared to CAD 0.5 a year ago. Diluted earnings per share from continuing operations was CAD 0.33 compared to CAD 0.48 a year ago.
For the nine months, revenue was CAD 681.68 million compared to CAD 833.9 million a year ago. Net income was CAD 204.84 million compared to CAD 277.22 million a year ago. Basic earnings per share from continuing operations was CAD 1.17 compared to CAD 1.63 a year ago. Diluted earnings per share from continuing operations was CAD 1.16 compared to CAD 1.59 a year ago.