Baytex Energy Corp. delivered solid operational performance with significant improvements in production rates and cost efficiencies. However, the soft commodity price environment and limited free cash flow generation present challenges. Overall, the positive operational achievements and financial discipline outweigh the negative aspects.

Company Guidance

During Baytex Energy Corp's second quarter 2025 earnings call, the company provided detailed guidance on its operational and financial metrics. Key highlights included a 7% quarter-over-quarter increase in heavy oil production and a 2% rise in production per share year-over-year, with an average production of 148,095 BOE per day. The company achieved adjusted funds flow of $367 million, equating to $0.48 per basic share, and net income of $152 million. They generated $3 million in free cash flow, while reducing net debt by $96 million to $2.3 billion. The call also emphasized a significant 12% improvement in drilling and completion costs in the Pembina Duvernay and an 11% improvement in the Eagle Ford, showcasing their focus on operational efficiencies. Baytex anticipates generating approximately $400 million in free cash flow in 2025, with a commitment to allocate this towards debt repayment. They also discussed their strategic hedging approach, targeting a $60 floor for oil prices, and outlined plans for continued development in key areas, including the transition to full commercialization in the Pembina Duvernay by 2027.

Record Production Rates in Pembina Duvernay

The company achieved the highest 30-day peak oil rates recorded in the West Shale Basin, demonstrating the exceptional resource potential and successful technical advances.

Heavy Oil Production Growth

Heavy oil production grew by 7% quarter-over-quarter, indicating strong operational performance and capital-efficient development.

Debt Reduction and Financial Flexibility

Net debt decreased by $96 million or 4% to $2.3 billion, and the company maintains substantial financial flexibility with USD 1.1 billion in credit facility capacity.

Cost Improvements in Drilling and Completion

Baytex achieved a 12% improvement in drilling and completion costs in the Pembina Duvernay and an 11% improvement in the Eagle Ford, enhancing well economics.

Eagle Ford Refrac Success

Two strong refracs were delivered at half the cost of new wells with initial rates comparable to new well rates, highlighting significant capital efficiency.

Baytex Energy (BTE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BTE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	-0.03 / -	0.167	―	―	―
Jul 31, 2025	2025 (Q2)	0.04 / 0.14	0.094	53.85% (+0.05)
May 05, 2025	2025 (Q1)	0.08 / 0.07	-0.014	550.00% (+0.08)
Mar 04, 2025	2024 (Q4)	0.08 / -0.04	-0.543	93.33% (+0.51)
Oct 31, 2024	2024 (Q3)	0.23 / 0.17	0.109	53.33% (+0.06)
Jul 25, 2024	2024 (Q2)	0.13 / 0.09	0.261	-63.89% (-0.17)
May 09, 2024	2024 (Q1)	0.10 / -0.01	0.065	-122.22% (-0.08)
Feb 28, 2024	2023 (Q4)	0.09 / -0.54	0.464	-217.19% (-1.01)
Nov 02, 2023	2023 (Q3)	0.17 / 0.11	0.34	-68.09% (-0.23)
Jul 27, 2023	2023 (Q2)	0.08 / 0.26	0.232	12.50% (+0.03)

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

BTE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$2.13	$2.10	-1.41%
May 05, 2025	$1.52	$1.50	-1.32%
Mar 04, 2025	$2.04	$1.95	-4.41%
Oct 31, 2024	$2.77	$2.86	+3.25%

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.

FAQ

When does Baytex Energy (BTE) report earnings?

Baytex Energy (BTE) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Baytex Energy (BTE) earnings time?

Baytex Energy (BTE) earnings time is at Oct 30, 2025, Before Open (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 (Q3) is -0.03.

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