Were there any material capital expenditures, acquisitions, or asset disposals disclosed, and what impact will they have on future earnings?

Material CAPEX / Acquisitions / Disposals:

The brief Q2‑2025 release for Pey to Exploration & Development does not disclose any significant capital‑expenditure programs, acquisition transactions, or asset‑disposition events. In the press‑release summary the only highlights are the quarterly operating and financial numbers; no mention is made of new drilling‑capital programs, purchases of other assets, or the sale of any properties. In the oil‑and‑gas sector, material CAPEX, acquisitions, or disposals are normally called out explicitly in the earnings release (often in a “Capital Expenditure” or “Acquisitions and Disposals” subsection). Their absence in the provided snippet strongly suggests that there were no material items of that nature in the quarter.

Impact on Future Earnings:

Because no sizable outlay or acquisition was reported, there is no immediate “bottom‑line” drag or upside from a newly‑added asset base to factor into the earnings outlook. The company’s earnings trajectory will therefore continue to be driven primarily by its existing asset portfolio, production volumes, commodity price exposure, and the operating cost structure that were highlighted in the Q2 results. Traders should therefore focus on the core fundamentals—production growth, operating cash flow, and the current price environment—rather than expecting a near‑term earnings boost or dilution from a new asset or large cap‑ex project. If the company later announces a significant CAPEX or acquisition, it would be prudent to re‑evaluate the earnings model for the added depreciation/amortization and cash‑flow implications, but as of this filing, the earnings outlook remains unchanged by any material capital events.