Partners Group Private Equity Limited (PEY) Earnings Call Transcripts

Partners Group Private Equity Limited's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Peyto Exploration & Development Corp. reported record production and financial results, with revenue reaching $293 million and earnings of $171 million, translating to $1.41 and $0.82 per share, respectively. The company achieved an operating margin of 77% and a profit margin of 39%, the highest in a decade. Management announced a 9% increase in the dividend, reflecting confidence in their financial position, while also indicating plans to reduce debt further by year-end.

Reported metrics

Guidance from management

Peyto expects to invest between $450 million to $500 million in 2026, with plans to drill 70 to 80 net wells. They aim to maintain a focus on operational efficiency and further debt reduction.

What management said

Yes, sure. So obviously, we've mentioned the nice uplift of 1,000 to 1,500 barrels of propane, butane, C5+. With that deal, any liquid ethane has returned back to us as a gas. So there's no ethane in the deal, we can say that. And along with that, like was mentioned, the structure means that we don't see any increase in operating costs, which is great. So along with the, I guess, liquid -- more liquid increased porti...

Yes. I guess it's safe to say this is obviously a confidential agreement, so we can't too much, but thanks for the color. Yes. Thanks for the color. Okay. Lisa, why don't we open up to questions from the phone line, if there is any, please.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the dividend in light of commodity price volatility and the balance between capital expenditure and debt reduction. There were also questions about the potential for increased production and the implications of the NGL processing agreement.

Main topics on the call

• Record Production and Financial Performance — Peyto achieved an all-time high production of 148,000 BOEs per day, a 10% increase year-over-year. Management stated, "We had record funds from operations of $293 million or $1.41 a share," highlighting strong financial ...
• Dividend Increase — The company announced a modest increase in the dividend by $0.01 per share per month, representing a 9% increase. Management noted, "We're now comfortable delivering more of that free cash flow back to investors," signal...
• Debt Reduction Strategy — Peyto reduced debt by $89 million in the quarter, totaling $275 million since the Repsol acquisition. Management indicated they hit their leverage target of 1x debt to trailing 12-month EBITDA earlier than expected.
• Operational Efficiency and Cost Management — The company reported cash costs of $1.28 per Mcfe, down 10% year-over-year. Management aims to lower controllable costs by 10% this year, indicating a focus on operational efficiency.

Read the full Partners Group Private Equity Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 53 Partners Group Private Equity Limited earnings call transcripts on record, spanning February 18, 2020 to August 27, 2026. Based on this history, Partners Group Private Equity Limited reports quarterly. The most recent call on file is dated August 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PEY

Exchange

LSE

Country

GB

Sector

Financials

Industry

Capital Markets

Calls on record

53

First call

February 18, 2020

Most recent

August 27, 2026

Reporting cadence

quarterly