Earnings ·
Baytex reports Q3 adjusted funds flow of $332M, raises 2026 capex to $665M
BTEBaytex Energy Corp.
Baytex Energy Corp. reported third-quarter 2026 results with production averaging 71,606 boe/d and adjusted funds flow of $332 million ($0.48 per share). The company generated free cash flow of $139 million and net income of $160 million. Baytex increased its full-year exploration and development expenditure guidance to $665 million from the previous $625 million, citing accelerated Duvernay and heavy oil development. Additionally, the firm announced a 2027 budget targeting production growth of 7% to 11%, with expenditures between $775 million and $850 million. During the quarter, Baytex repurchased 24 million shares for $149 million and paid a quarterly dividend of $0.0225 per share. The company operates oil and natural gas assets in Western Canada.