Core Viewpoint - Baytex Energy Corp. reported solid operational and financial results for Q2 2025, highlighting record well performance in the Pembina Duvernay and a continued focus on debt reduction and disciplined capital allocation [2][6][17]. Financial Performance - Total petroleum and natural gas sales for Q2 2025 were CAD 886.6 million, a decrease from CAD 1.1 billion in Q2 2024 [10]. - Adjusted funds flow was CAD 367 million (CAD 0.48 per basic share), while net income reached CAD 152 million (CAD 0.20 per basic share) [10][17]. - Free cash flow generated was CAD 3 million, with CAD 21 million returned to shareholders through share repurchases and dividends [17][18]. - Net debt decreased by 4% (CAD 96 million) to CAD 2.3 billion, supported by unrealized foreign exchange gains [18]. Production and Operations - Average production for Q2 2025 was 148,095 boe/d (84% oil and NGL), marking a 2% increase in production per basic share compared to Q2 2024 [6][19]. - Heavy oil production averaged 44,895 boe/d (96% oil and NGL), up 7% from Q1 2025 [28]. - The Pembina Duvernay wells achieved average peak 30-day production rates of 1,865 boe/d per well, with the first pad exceeding initial rate expectations [24][25]. Capital Expenditures and Future Outlook - Exploration and development expenditures for Q2 2025 totaled CAD 357 million, with a full-year target of approximately CAD 1.2 billion [4][19]. - The company plans to allocate 100% of free cash flow to debt repayment after funding quarterly dividends, targeting net debt of approximately CAD 2 billion by year-end [7][18]. - For the second half of 2025, production is expected to average approximately 150,000 boe/d [4]. Dividend and Shareholder Returns - A quarterly cash dividend of CAD 0.0225 per share has been declared, payable on October 1, 2025 [30].

Group 1 - Baytex Energy Corp. has declared a quarterly cash dividend of CDN$0.0225 per share, payable on October 1, 2025, to shareholders of record on September 15, 2025 [1] - The U.S. dollar equivalent of the dividend is approximately US$0.0163 per share, based on a foreign exchange rate of 1.38 CAD/US [2] - The dividend is classified as an "eligible dividend" for Canadian tax purposes and a "qualified dividend" for U.S. income tax purposes [2] Group 2 - Baytex Energy Corp. is headquartered in Calgary, Alberta, with additional offices in Houston, Texas, and is involved in the acquisition, development, and production of crude oil and natural gas [3] - The company operates primarily in the Western Canadian Sedimentary Basin and the Eagle Ford region in the United States [3] - Baytex's common shares are traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE [3]

Group 1 - Baytex Energy Corp. will release its second quarter 2025 financial and operating results on July 31, 2025, after market close [2] - A conference call and webcast to discuss the results is scheduled for August 1, 2025, at 9:00 a.m. MST (11:00 a.m. EST) [2] - The company is headquartered in Calgary, Alberta, and operates in the Western Canadian Sedimentary Basin and the Eagle Ford in the United States [3] Group 2 - Baytex's common shares are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE [3] - For further information, investors can contact Brian Ector, Senior Vice President, Capital Markets and Investor Relations [4]

Core Viewpoint - Baytex Energy Corp. has received an exemption order from Canadian securities regulators allowing it to purchase up to 10% of its public float of common shares through U.S. trading systems as part of its shareholder return strategy, enhancing its current normal course issuer bid program [1][2]. Group 1: Exemptive Relief Details - The exemptive relief applies to the current normal course issuer bid and any future bids expiring on or before July 11, 2028, with conditions including compliance with U.S. rules and a purchase price not exceeding the market price at the time [2]. - The total number of common shares purchased by Baytex across all exchanges in a 12-month period cannot exceed 10% of the public float as specified in the notice accepted by the TSX [2]. Group 2: Company Overview - Baytex Energy Corp. is based in Calgary, Alberta, with additional offices in Houston, Texas, focusing on the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and the Eagle Ford in the U.S. [3]. - The company's common shares are traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE [3].

Group 1 - Baytex Energy Corp. has successfully extended its US$1.1 billion revolving credit facilities by one year, moving the maturity date from May 2028 to June 2029 [1] - The revolving credit facilities are not classified as borrowing base facilities and do not require annual or semi-annual reviews, indicating a stable financial position [1] Group 2 - Baytex Energy Corp. is an energy company based in Calgary, Alberta, with operations in the acquisition, development, and production of crude oil and natural gas [2] - The company operates primarily in the Western Canadian Sedimentary Basin and the Eagle Ford region in the United States [2] - Baytex's common shares are traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE [2]

Group 1 - The article discusses the analysis of oil and gas companies, specifically highlighting Baytex Energy and the search for undervalued companies in the sector [1] - The analysis includes a breakdown of essential factors such as balance sheets, competitive positions, and development prospects of these companies [1] - The author emphasizes the cyclical nature of the oil and gas industry, indicating that it requires patience and experience to navigate effectively [2] Group 2 - The author has a beneficial long position in the shares of Baytex Energy, indicating a personal investment interest in the company [3] - The article is presented as an independent analysis, with no compensation received from the companies mentioned, aside from the platform hosting the article [3] - The content is aimed at providing insights to members of the Oil & Gas Value Research service, who receive exclusive analysis not available to the general public [1]

Group 1 - Baytex Energy has slightly reduced its 2025 development plans due to weak oil prices, expecting approximately 4% lower capital expenditures (capex) for the year [2] - The company has also adjusted its production guidance down by 1% in response to the market conditions [2] Group 2 - The analyst Aaron Chow, with over 15 years of experience, focuses on value opportunities and distressed plays, particularly in the energy sector [3]

Group 1 - Baytex Energy is focusing on lowering budget expectations and prioritizing debt repayment from generated free cash flow [2] - The oil and gas industry is characterized as a boom-bust, cyclical sector, requiring patience and experience for successful investment [2] - The analysis of oil and gas companies includes a breakdown of balance sheets, competitive positions, and development prospects [1] Group 2 - The article emphasizes the importance of the balance sheet in the current industry environment [2]

Calgary, Alberta--(Newsfile Corp. - May 5, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) reports that all matters presented for approval at the annual meeting of shareholders held today were approved. A total of 335,327,771 common shares being 43.53% of Baytex's issued and outstanding shares were represented at the meeting.At the meeting, all of the nominees proposed as directors were duly elected. Results of the vote are set out below:Votes ForName of Nominee#%Mark R. Bly290,419,22796.21Tiffany Thom ...

Core Viewpoint - Baytex Energy reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.10 per share, and compared to a loss of $0.01 per share a year ago, indicating a significant earnings surprise of -40% [1] Financial Performance - The company posted revenues of $695.95 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 7.24%, but down from $730.06 million year-over-year [2] - Over the last four quarters, Baytex has surpassed consensus revenue estimates four times, but has only exceeded consensus EPS estimates once [2] Stock Performance - Baytex shares have declined approximately 36.4% since the beginning of the year, while the S&P 500 has only declined by -3.3% [3] - The current Zacks Rank for Baytex is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $652.96 million, and for the current fiscal year, it is $0.33 on revenues of $2.64 billion [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6] Industry Context - The Oil and Gas - Exploration and Production - Canadian industry is currently in the bottom 40% of the Zacks industry rankings, suggesting potential challenges for companies within this sector [8]