Baytex Energy Stock Price, News & Analysis

Baytex Energy (BTE) reported its Q1 2025 financial results with net income of $70 million ($0.09 per share) and production of 144,194 boe/d (84% oil and NGL). The company generated free cash flow of $53 million and returned $30 million to shareholders through share buybacks ($13 million) and dividends ($17 million). Key financial metrics include cash flows from operating activities of $431 million and adjusted funds flow of $464 million. In response to challenging market conditions with WTI trading at US$55-60/bbl, Baytex revised its 2025 outlook, targeting the lower end of its production guidance (148,000-152,000 boe/d) and capital expenditure range ($1.2-1.3 billion). The company plans to allocate 100% of free cash flow to debt repayment after dividends, maintaining a hedged position on 45% of net crude oil exposure with a floor price of US$60/bbl.

Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) has declared a quarterly cash dividend of CDN$0.0225 per share (approximately US$0.0163) to be paid on July 2, 2025. The dividend is available to shareholders of record as of June 13, 2025, with a foreign exchange rate of 1.38 CAD/US. The dividend qualifies as an "eligible dividend" for Canadian tax purposes and a "qualified dividend" for U.S. tax purposes, subject to applicable withholding taxes for non-Canadian residents.

Baytex Energy Corp. operates in the energy sector, focusing on crude oil and natural gas acquisition, development, and production in the Western Canadian Sedimentary Basin and Eagle Ford in the United States.

Baytex Energy (TSX: BTE) (NYSE: BTE) has scheduled its first quarter 2025 financial and operating results announcement for May 5, 2025, after market close. The company will host a conference call and webcast on May 6, 2025, at 9:00 a.m. MST (11:00 a.m. EST) to discuss the results.

Key Details:

• Conference Date: Tuesday, May 6, 2025
• Time: 9:00 a.m. MST (11:00 a.m. EST)
• North America Toll-Free: 1-833-821-2925
• International: 1-647-846-2449

Baytex Energy operates in the energy sector with headquarters in Calgary, Alberta, and offices in Houston, Texas. The company focuses on crude oil and natural gas operations in the Western Canadian Sedimentary Basin and Eagle Ford in the United States. Investors can access the webcast recording through the company website at baytexenergy.com, where it will be archived for future reference.

Baytex Energy (TSX/NYSE: BTE) reported strong financial and operating results for Q4 and full-year 2024. The company achieved 10% production per share growth, with full-year production averaging 153,048 boe/d (85% oil and NGL), up from 122,154 boe/d in 2023.

Key financial highlights include:

• Q4/2024 cash flows from operations of $469 million ($0.60 per share)
• Full-year 2024 adjusted funds flow of $1,957 million ($2.44 per share)
• Generated free cash flow of $656 million ($0.82 per share) in 2024
• Returned $290 million to shareholders through buybacks and dividends

The company improved its cash cost structure by 5% on a boe basis compared to 2023 and reduced net debt by 5% (13% in USD). Reserves highlights show strong per-share growth with PDP reserves increasing 8% and both 1P and 2P reserves up 6% per share. The company declared a quarterly dividend of $0.0225 per share.

Baytex Energy Corp (TSX: BTE) (NYSE: BTE) has declared its quarterly cash dividend for April 2025. The company will pay CDN$0.0225 per share (approximately US$0.0158 at 1.42 CAD/USD exchange rate) on April 1, 2025, to shareholders of record as of March 14, 2025.

The dividend qualifies as an 'eligible dividend' for Canadian tax purposes and a 'qualified dividend' for U.S. tax purposes. Non-Canadian residents may be subject to applicable withholding taxes. Baytex operates in the Western Canadian Sedimentary Basin and Eagle Ford, focusing on crude oil and natural gas acquisition, development, and production.

Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) has scheduled the release of its fourth quarter and full year 2024 financial and operating results after market close on Tuesday, March 4, 2025. The company will host a conference call and webcast on Wednesday, March 5, 2025, to discuss the results.

Baytex Energy is an energy company headquartered in Calgary, Alberta, with offices in Houston, Texas. The company specializes in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and Eagle Ford in the United States.

Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) has completed the sale of its Kerrobert thermal asset in southwest Saskatchewan for $42 million. The sold asset produced approximately 2,000 bbl/d of heavy oil. Following this non-core disposition, Baytex has updated its 2025 production guidance to 148,000-152,000 boe/d, down from the previous 150,000-154,000 boe/d. The company plans to apply the proceeds toward reducing bank debt. The sale is not expected to significantly impact their 2025 exploration and development expenditures or free cash flow profile.

Baytex Energy has announced its 2025 budget with exploration and development expenditures of $1.2-1.3 billion, targeting average annual production of 150,000-154,000 boe/d. The budget is based on US$65/bbl WTI price, with 60% of capital program weighted to first half of 2025.

The company plans to allocate 55-60% of expenditures to Eagle Ford assets and 40-45% to Canadian assets. Production mix will be 85% liquids and 15% natural gas. The company intends to split free cash flow equally between shareholder returns (buybacks and dividends) and balance sheet strengthening.

In the Eagle Ford, Baytex expects to bring 54 net wells onstream, while in Canada, plans include nine net wells in Pembina Duvernay, 90 net wells in Viking, and 112 net wells in heavy oil operations, including 33 Clearwater wells at Peavine.

Baytex Energy reported Q3 2024 results with production of 154,468 boe/d (86% oil and NGL), up 3% from Q3 2023. The company generated $220 million in free cash flow and returned $101 million to shareholders through share buybacks ($83 million) and dividends ($18 million). Net income was $185 million ($0.23 per share) with adjusted funds flow of $538 million. The company reduced net debt by 5% to $2.5 billion.

For full-year 2024, Baytex expects production of approximately 153,000 boe/d with exploration and development expenditures of $1.25 billion. Based on current forward strip prices, the company anticipates generating free cash flow of about $570 million ($0.71 per basic share) in 2024.