Earnings ·
Baytex Energy Corp. reported second quarter 2026 financial results, generating net income of $174.9 million ($0.24 per…
BTEBaytex Energy Corp.
Baytex Energy Corp. reported second quarter 2026 financial results, generating net income of $174.9 million ($0.24 per basic share) on petroleum sales of $639.9 million. Production averaged 71,243 boe/d, exceeding guidance and driving an increase in full-year production outlook to approximately 71,000 boe/d with capital expenditures unchanged at ~$625 million. The company generated adjusted funds flow of $254.4 million and free cash flow of $128.0 million. Baytex repurchased 22 million shares for $136 million and declared a quarterly dividend of $0.0225 per share, payable October 1, 2026 to shareholders of record on September 15, 2026. The Board appointed Derek Evans and Deanna Zumwalt as independent directors effective July 30, 2026. Baytex Energy Corp. is an oil and natural gas company engaged in acquiring, developing, and operating properties in the Western Canadian Sedimentary Basin.