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Baytex Energy (BTE)
NYSE:BTE
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 7.19%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook, with strong financial management, including free cash flow generation and debt reduction, as highlights. However, challenges such as commodity price pressure and share price underperformance were notable lowlights.Company Guidance
During Baytex Energy Corp's first quarter 2025 conference call, the company provided guidance on several key financial metrics and strategic adjustments. The 2025 exploration and development (E&D) capital budget is set between $1.2 billion and $1.3 billion, supporting annual production of 148,000 to 152,000 barrels of oil equivalent (BOE) per day. However, given current oil price conditions, they anticipate capital expenditures and production to trend towards the low end of these ranges. Assuming a $60 per barrel WTI price for the remainder of the year, Baytex expects to generate approximately $200 million in free cash flow. The company plans to allocate 100% of this free cash flow to debt repayment after funding its quarterly dividend. As of March 31, 2025, Baytex's net debt stood at $2.4 billion, reflecting a 10% reduction over the past year. The company also highlighted its substantial financial flexibility, with credit facilities totaling CAD 1.5 billion, of which less than 20% is drawn, and its earliest note maturity is not until April 2030.Free Cash Flow Generation
Generated $53 million in free cash flow in Q1 2025, up from zero in the first quarter of last year. Expecting $200 million of free cash flow in 2025 assuming $60 per barrel WTI.
Debt Reduction
Net debt reduced by 10% over the last 12 months, with further plans to allocate 100% of free cash flow to debt repayment after dividends.
Production Increase
Delivered production of 144,200 BOE per day, a 2% increase in production per share compared to Q1 2024.
Strong Asset Performance
Continued strong performance in key assets like Eagle Ford and Western Canada, with strategic development in Pembina Duvernay and Peavine.
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
BTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | $1.53 | $1.51 | -1.31% |
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% |
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 Jul 31, 2025, TBA Not Confirmed.
What is Baytex Energy (BTE) earnings time?
Baytex Energy (BTE) earnings time is at Jul 31, 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 (Q2) is 0.02.