Baytex Energy (US:BTE)2025-08-01 15:00Financial Highlights - The company's market capitalization is $2.3 billion and enterprise value is $4.6 billion[8] - The company offers an annual dividend of $009 per share, resulting in a dividend yield of 31%[8] - The company's production is approximately 148 Mboe/d, with 85% being liquids[8,9] - Exploration and Development (E&D) expenditures are approximately $12 billion[8,9] Operational Performance - The company repurchased 11% of shares outstanding since June 2023[14] - The company achieved a 2% increase in production per share in Q2 2025, compared to Q2 2024[15] - Net debt was reduced by 5%, equivalent to $123 million[15] - The company's 2024 year-end reserves were evaluated by McDaniel & Associates Consultants Ltd[13] Future Outlook - The company targets a total debt to Bank EBITDA ratio of less than 10x[40] - The company is targeting up to 45% of net crude oil volumes hedged[37] - The company's five-year outlook anticipates free cash flow between $4 billion and $5 billion, depending on WTI prices[47] - The company's total debt target is $15 billion, aiming for a total debt to EBITDA ratio of approximately 07x at US$70 WTI[32]