Earnings ·
Baytex Energy Corp. reported second quarter 2026 results with production of 71,243 boe/d, exceeding guidance and…
BTEBaytex Energy Corp.
Baytex Energy Corp. reported second quarter 2026 results with production of 71,243 boe/d, exceeding guidance and representing 11% growth year-over-year. The company raised its full-year production guidance to approximately 71,000 boe/d while maintaining capital expenditures at $625 million. Adjusted funds flow reached $254 million ($0.35 per share), generating free cash flow of $128 million ($0.18 per share). Baytex repurchased 22 million shares for $136 million and ended the quarter with net cash of $566 million. The Board declared a quarterly dividend of $0.0225 per share, payable October 1, 2026 to shareholders of record on September 15, 2026. Additionally, Derek Evans and Deanna Zumwalt were appointed as independent directors effective July 30, 2026. Baytex Energy Corp. is an oil and natural gas company operating in the Western Canadian Sedimentary Basin.