Baytex Energy Corp
TSX:BTE

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Baytex Energy Corp
TSX:BTE
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Price: 2.89 CAD 1.4%
Market Cap: 2.2B CAD

Baytex Energy Corp
Investor Relations

Baytex Energy Corp. emerged as a compelling player in the North American energy landscape, rooted in the transformative boom of the oil sands and shale gas development. Originally founded in the early 1990s, Baytex evolved with a focus on the acquisition, development, and production of oil and natural gas in key resource plays across Alberta and Saskatchewan in Canada, as well as Texas in the United States. Its portfolio uniquely positions the company across diverse assets, with Canadian operations traditionally centered on heavy oil production while the U.S. operations capitalize on the prolific Eagle Ford shale formation, known for its high-quality light oil and natural gas liquids. This dual-geography strategy underpins Baytex’s operational flexibility and resilience, navigating fluctuating commodity prices through a balanced production mix and strategic hedging.

The company generates revenue by selling crude oil, natural gas, and natural gas liquids, primarily to producers, processors, and marketers within the energy ecosystem. By leveraging advanced extraction technologies and strategic capital investments, Baytex optimizes resource recovery and reduces operational costs. It aims to maintain competitive production metrics and diversify its asset base to bolster financial stability. Baytex also emphasizes disciplined capital allocation and debt management, striving to return value to shareholders. Such efforts include focusing on free cash flow generation and periodically reviewing its portfolio to ensure alignment with market opportunities and long-term sustainability goals. In essence, Baytex maneuvers through the complexities of the energy markets by aligning its operations with strategic production targets and effective financial oversight, ensuring its standing as a robust mid-tier energy producer.

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BTE
S&P TSX Composite Index (Canada)

Earnings Calls

2025 Q1
May 6, 2025
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Baytex Energy's Q1 2025: Strong Cash Flow Amid Market Challenges
2025 Q1
May 6, 2025

In Q1 2025, Baytex Energy generated $53 million in free cash flow despite facing market uncertainties. With WTI prices softening to $55-$60 per barrel, the company adjusted its capital expenditures to a range of $1.2 to $1.3 billion, affirming production guidance of 148,000 to 152,000 BOE per day. This strategic shift is aimed at increasing resiliency and maintaining a strong balance sheet, expecting $200 million in free cash flow by year-end. As part of their shareholder return framework, 100% of free cash flow will go towards debt repayment post-dividend, prioritizing financial health in a volatile market【4:1†source】.

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Management

Mr. Brian G. Ector C.F.A.
Senior VP of Capital Markets & Investor Relations
No Bio Available
Mr. James R. Maclean
Chief Legal Officer & Corporate Secretary
No Bio Available
Mr. Chris M.P. Lessoway
VP of Finance & Treasurer
No Bio Available

Contacts

Address
ALBERTA
Calgary
2800-520 3 Ave SW
Contacts
+15879523000.0
www.baytexenergy.com