Operator

Good day, and thank you for standing by. Welcome to the Peyto's First Quarter 2026 Financial Results Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to turn the call over to JP Lachance, President and CEO. Please go ahead.

Jean-Paul Lachance
CEO, President & Director

Thanks, Lisa. Good morning, folks, and thanks for joining Peyto'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 Collens, Derick Czember and Crissy Rafoss and Mike Rees to answer any questions. Before we begin the quarter, on behalf of the management group, as always, I'd like to thank the entire Peyto 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 manage 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