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Baytex Energy (BTE)
NYSE:BTE
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: 8.29%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
Baytex Energy demonstrated notable operational and financial achievements in 2024, with strong production growth, debt reduction, and shareholder returns. However, challenges such as tariffs, oil price volatility, and FX impacts on debt reporting pose potential risks.Company Guidance
During the Baytex Energy Corp fourth quarter and year-end conference call, the company highlighted several key metrics reflecting their 2024 performance and guidance. Baytex reported a 10% growth in production per share and a 13% increase in 2P net asset value per share. They improved their cash cost structure by 5% on a barrel of oil equivalent (BOE) basis and achieved a reduction in net debt by 5% in Canadian dollar terms and 13% in U.S. dollar terms. Importantly, Baytex replaced over 100% of their production on both 1P and 2P bases, demonstrating strong reserve growth. The company generated free cash flow of $656 million, with over 70% of it produced in the second half of the year, and they repurchased 48 million common shares, representing 6% of shares outstanding. For 2025, Baytex anticipates generating approximately $400 million in free cash flow at a WTI price of US $70, maintaining exploration and development expenditures between $1.2 billion to $1.3 billion, and targeting a production level of 150,000 BOE per day at the midpoint of their guidance.Production and Reserves Growth
Baytex Energy achieved a 10% production per share growth and grew reserves per share across all categories in 2024. They replaced over 100% of production on both 1P and 2P bases.
Debt Reduction and Cash Flow
The company reduced net debt by 5% in Canadian dollars and 13% in U.S. dollars. They generated $656 million in free cash flow, with 70% generated in the second half of 2024.
Operational Efficiency Improvements
Baytex reported an 8% improvement in drilling and completion costs per completed lateral foot in the Eagle Ford, and they are working towards a further 7% improvement.
Shareholder Returns
In 2024, Baytex repurchased 48 million common shares, representing 6% of shares outstanding, and declared four quarterly dividends of 2.25 cents per share.
Strong Free Cash Flow Forecast for 2025
Baytex expects to generate approximately $400 million of free cash flow in 2025 at US $70 WTI, continuing their disciplined capital allocation.
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BTE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $2.05 | $1.96 | -4.39% |
| Oct 31, 2024 | $2.79 | $2.88 | +3.23% |
| Jul 25, 2024 | $3.60 | $3.36 | -6.67% |
| May 09, 2024 | $3.65 | $3.37 | -7.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Baytex Energy (BTE) report earnings?
Baytex Energy (BTE) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Baytex Energy (BTE) earnings time?
Baytex Energy (BTE) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BTE EPS forecast?
BTE EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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