Baytex Energy Corp., an energy enterprise established in 1993 and headquartered in Calgary, Canada, focuses on the exploration, development, and extraction of ...
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$0.09 per share
Est. EPS $0.15 · Revenue $330.51M · 1 analysts
$0.09 per share
Est. EPS $0.15 · Revenue $338.00M · 1 analysts
EPS CAD 0.24 · Revenue CAD 549.80M
EPS CAD -0.09 · Revenue CAD 402.40M
EPS CAD -0.78 · Revenue CAD 1.48B
EPS CAD 0.04 · Revenue CAD 747.48M
EPS CAD 0.20 · Revenue CAD 712.66M
EPS CAD 0.09 · Revenue CAD 786.65M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.5B | -8.2% | +36.6% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-603.3M | -355.2% | +359.2% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +21.5% | -18.9% | +78.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +15.3% | -31.0% | +218.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -40.8% | -377.9% | +289.7% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $207.5M | -65.1% | +445.8% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +14.0% | -61.9% | +353.1% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 4.9% | -91.0% | +1.5% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 3.61x | +360.0% | +30.9% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $3.3B | -56.9% | -2.5% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.78 vs 0.18 | -525.8% | 0.24 vs 0.10 | +132.2% |
| Revenue Surprise | $1.5B vs $3.2B | -53.2% | $549.8M vs $309.9M | +77.4% |
Operator: Thank you for standing by. This is the conference operator. Welcome to the Baytex Energy Corp. Second Quarter 2026 Financial and Operating Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity for analysts to ask questions. Using the form in the lower section of the webcast frame. I would now like to turn the conference over to Chris Lessoway, Vice President of Finance and Treasurer. Please go ahead. Chris Lessoway: Thank you, operator. Good morning, and welcome to Baytex's second quarter 2026 results conference call. Joining me today are Chad E. Lundberg, our President and Chief Executive Officer Kendall Arthur, our Chief Operating Officer and Chad L. Kalmakoff, our Chief Financial Officer. Before we begin, please note that our discussion today contains forward looking statements within the meaning of applicable securities laws. I refer you to the advisories regarding forward looking statements, oil and gas information, and non-GAAP financial and capital management measures in yesterday's press release. All dollar amounts referenced in our remarks are in Canadian dollars unless otherwise specified. After our prepared remarks, we will open the call for questions. Webcast participants can also submit questions online. With that, let me turn the call over to Chad E. Lundberg. Chad E. Lundberg: Good morning. Q2 was another strong quarter. Production averaged 71.2 thousand BOE per day, above the high end of our guidance for the second straight quarter. With continued outperformance across our heavy oil portfolio and first well results from our southern land block in the Duvernay that we call Gilby. We repurchased 22 million shares for $139 million and exited the quarter with net cash of $566 million With strong well performance to date, full year production guidance has been raised to 71 thousand BOE per day up 1 thousand from the midpoint of prior guidance. With a targeted exit rate of 72 thousand BOE per day There is no change to our capital program of $625 million Momentum is building. With a renewed interest in Baytex we continue executing our strategy We have a clean balance sheet deep inventory and a team executing with discipline. Our Q2 results reflect that. I am pleased to announce the appointment of 2 new directors. Derek Evans and Deanna Zumwalt. These appointments enhance an already strong Board with depth in resource development and energy finance that is directly relevant to our strategy. Growing production, capitalizing on opportunities in our portfolio, and building toward our 15% total shareholder return target. Thank you, Steve Riney and Jeffery Wojahn for your significant contributions to Baytex. I will now turn the call over to Kendall to walk us through operations, including our heavy oil, and Duvernay results, the waterflood pilots, and our second half program. Kendall D. Arthur: Thanks, Chad. …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Chad E. Lundberg | President, Chief Executive Officer & Director | CAD 657,914 | Male | 1982 | Active |
Chad L. Kalmakoff | Executive Vice President & Chief Financial Officer | CAD 648,397 | Male | 1977 | Active |
Kendall D. Arthur | Chief Operating Officer | CAD 557,712 | Male | 1981 | Active |
James Maclean | Senior VP of Commercial & General Counsel | CAD 530,429 | Male | 1980 | Active |
Brian G. Ector | Senior Vice President of Capital Markets & Investor Relations | CAD 406,638 | Male | 1969 | Active |
Chris Lessoway | Vice President of Finance & Treasurer | — | Male | 1985 | Active |
Bank of Nova Scotia acquired a new stake in Baytex Energy Corp (NYSE: BTE) (TSE: BTE) in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 182,686 shares of the oil and gas producer's stock, valued at approximately $733,000.
Baytex (BTE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how Baytex Energy (BTE) and Forum Energy Technologies (FET) have performed compared to their sector so far this year.
Baytex Energy NYSE: BTE CEO Chad Lundberg outlined the Canadian-focused oil producer's strategy following the December 2025 sale of its Eagle Ford position, emphasizing balance-sheet strength, shareholder returns and production growth led by the Duvernay light-oil play and Canadian heavy-oil assets.
Baytex Energy targets a 15% total return to investors. BTE raised production guidance following unexpected outperformance in Q2. Strong commodity prices have generated robust cash flow and free cash flow.
