Baytex Energy

BTE

Market cap $3.54B

Baytex Energy Corp. remains a Strong Buy. However, that idea is contingent on management delivering meaningful breakeven cost reductions in its heavy oil operations. BTE's current WTI $48 breakeven is high for Clearwater, lagging peers like Tamarack Valley and Headwater Exploration in cost competitiveness. Financial position is solid post-Eagle Ford sale.  But operational optimization is critical before considering expansion into new ventures like thermal.

Baytex Energy NYSE: BTE held its annual meeting of shareholders virtually, with Chair of the Board Mark Bly presiding and James Maclean, the company's chief legal officer and corporate secretary, serving as secretary of the meeting.

Baytex Energy NYSE: BTE reported a stronger-than-expected first quarter and raised its 2026 production outlook, citing outperformance across its heavy oil portfolio and continued development in the Duvernay.

Baytex Energy Corp. (BTE:CA) Q1 2026 Earnings Call Transcript

Baytex Energy (BTE) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.06 per share a year ago.

Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - 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 366,618,328 common shares being 50.00% of Baytex's issued and outstanding shares were represented at the meeting.

Baytex Energy Corp. (BTE:CA) Shareholder/Analyst Call Prepared Remarks Transcript

Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") reports its operating and financial results for the three months ended March 31, 2026 (all amounts are in Canadian dollars unless otherwise noted). "Baytex's strong first quarter results reflect the quality of our Canadian portfolio and the operational discipline of our team," said Chad Lundberg, President and Chief Executive Officer.

Calgary, Alberta--(Newsfile Corp. - May 7, 2026) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on July 2, 2026 to shareholders of record on June 15, 2026. The U.S. dollar equivalent amount is approximately US$0.0165 per share assuming a foreign exchange rate of 1.36 CAD/US.

Calgary, Alberta--(Newsfile Corp. - April 30, 2026) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) will release its first quarter 2026 financial and operating results after the close of markets on Thursday May 7, 2026. A conference call and webcast will be held on Friday May 8, 2026 to discuss the results: Date: Friday May 8, 2026 Time: 9:00 a.m.