Peyto Exploration & Development Corp. (PEYUF) Q4 2022 Earnings Call Transcript

Peyto Exploration & Improvement Corp. (OTCPK:PEYUF) This autumn 2022 Earnings Convention Name March 9, 2023 11:00 AM ET

Firm Contributors

JP Lachance – President & CEO

Kathy Turgeon – CFO

Riley Body – VP, Engineering

Tavis Carlson – VP, Finance

Todd Burdick – VP, Manufacturing

Derick Czember – VP, Land & Enterprise Improvement

Lee Curran – VP, Drilling & Completions

Convention Name Contributors

Mike Dunn – Stifel

Chris Thompson – CIBC


Good day and thanks for standing by and welcome to Peyto’s 12 months-Finish 2022 Monetary Outcomes Convention Name. Right now, all contributors are in a listen-only mode. After the audio system’ presentation, there will probably be a question-and-answer session. [Operator Instructions]. Please be suggested that at present’s convention is being recorded.

I’d now like handy the convention over to your speaker at present, JP Lachance, President and CEO. Please go forward.

JP Lachance

Thanks, Justin. Good morning, people, and thanks for becoming a member of Peyto’s fourth quarter and year-end 2022 outcomes convention name.

I would wish to remind everyone that each one statements made by the corporate throughout this name are topic to the identical forward-looking disclaimer and advisory set forth within the firm’s information launch issued yesterday.

Within the room with me at present, to reply any of your questions, we’ve the complete administration group Kathy Turgeon, our Chief Monetary Officer; Riley Body, our VP of Engineering; Tavis Carlson, our VP of Finance; Todd Burdick, our VP of Manufacturing; Derick Czember, our VP of Land and Enterprise Improvement; and Lee Curran, our VP of Drilling and Completions.

By all accounts, This autumn and 2022 as a complete was a really profitable yr for the corporate. The group grew annual manufacturing by 14% and PDP reserves by 8%, and that coupled with our greater commodity costs that we realized final yr drove report money circulate and earnings for the