Baytex Energy Corp

BTE

Equity

ISIN null / Valor 12172876

Toronto Stock Exchange (2025-11-18)

CAD 4.39+3.29%

Baytex Energy Corp
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About company

Baytex Energy Corp is an oil and gas company engaged in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States.

Summarized from source with an LLMView SourceSector: Energy

Record Pembina Duvernay Well Performance

Baytex achieved its highest average 30-day peak oil rates in the West Shale Basin with the first pad of three wells delivering 1,865 boe/d per well, consisting of 89% oil and NGL.

Increased Production

Production reached 148,095 boe/d (84% oil and NGL), reflecting a 2% increase per basic share compared to Q2 2024. Heavy oil production rose by 7% over Q1 2025, driven by strong performance in Peavine, Peace River, and Lloydminster.

Strong Financial Results

The company reported cash flows from operating activities of $354 million ($0.46 per basic share) and net income of $152 million ($0.20 per basic share). Adjusted funds flow was $367 million ($0.48 per basic share).

Debt Reduction and Balance Sheet Strength

Baytex repurchased and cancelled US$41 million of 8.5% long-term notes, reduced net debt by 4% ($96 million), and maintained a total debt to Bank EBITDA ratio of 1.1x, ensuring a strong balance sheet.

Summarized from source with an LLMView Source

Key figures

4.52%1Y

-35.9%3Y

608%5Y

Performance

62.4%1Y

49.6%3Y

56.0%5Y

Volatility