Baytex Energy Stock Price, News & Analysis

Baytex Energy Corp. (NYSE: BTE) has scheduled its second quarter 2025 financial and operating results release for July 31, 2025, after market close. The company will host a conference call and webcast on August 1, 2025, at 9:00 a.m. MST (11:00 a.m. EST) to discuss the results.

Participants can register for express access through Baytex's website, or dial in directly at 1-833-821-2925 (North America Toll-Free) or 1-647-846-2449 (International). The webcast recording will be available on the company's website for three months following the event.

Baytex Energy (NYSE:BTE) has secured an exemption order from Canadian securities regulators that allows the company to purchase up to 10% of its public float through the NYSE and other U.S.-based trading systems. This expansion of their share repurchase capability is part of their shareholder return strategy, including their current normal course issuer bid announced on June 24, 2025.

Without this exemption, Baytex's purchases on markets outside the TSX would have been limited to 5% of outstanding common shares over a twelve-month period. The exemptive relief extends through July 11, 2028 and applies to both the current bid and future normal course issuer bids, subject to compliance with U.S. rules and trading price restrictions.

Baytex Energy (NYSE: BTE) has successfully extended its US$1.1 billion revolving credit facilities by one year, from May 2028 to June 2029. The facilities are not borrowing base facilities and do not require annual or semi-annual reviews.

Baytex Energy is a Calgary-based energy company with operations in the Western Canadian Sedimentary Basin and Eagle Ford in the United States, focusing on crude oil and natural gas acquisition, development, and production.

Baytex Energy Corp. (NYSE: BTE) has announced the renewal of its Normal Course Issuer Bid (NCIB), allowing the company to purchase up to 66,244,464 common shares (10% of public float) from July 2, 2025, to July 1, 2026. The company has appointed BMO Nesbitt Burns Inc. as its designated broker and implemented an automatic share purchase plan.

Under its prior NCIB, Baytex has already repurchased 36,478,208 shares at a weighted average price of CAD $4.1304 per share. Daily purchases through TSX will be limited to 1,259,928 shares. The company views share repurchases as an efficient means to return capital and improve per-share metrics, complementing its shareholder return framework that includes quarterly dividend payments.

Baytex Energy Corp. (BTE) held its annual shareholder meeting with a 43.53% representation of issued and outstanding shares. All proposed matters were approved, including the election of directors, with each nominee receiving over 96% approval. KPMG LLP was reappointed as auditor with 94.67% support. Shareholders also approved the unallocated awards under the share award incentive plan (94.61%) and a non-binding advisory resolution on executive compensation (94.42%).

The meeting saw the successful election of ten board members, including Mark R. Bly, Tiffany Thom Cepak, and Eric T. Greager, among others. Baytex Energy Corp. operates in crude oil and natural gas acquisition, development, and production in the Western Canadian Sedimentary Basin and Eagle Ford in the United States.

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.