BTE press release
Key Highlights
- ➤2027 production guidance 76,000-79,000 boe/d, implying 7%-11% annual growth
- ➤2027-2029 outlook targets 8%-10% annual production growth, reaching approximately 92,000 boe/d in 2029
- ➤Q3 adjusted funds flow $332 million; free cash flow $139 million; net income $160 million
- ➤Q3 production 71,606 boe/d, up 5% year over year, with record Duvernay output
- ➤Baytex repurchased 24 million shares for $149 million and paid a $0.0225 quarterly dividend
Expert Statements
Chad Lundberg, President and Chief Executive Officer of Baytex Energy Corp.
“Third-quarter results were highlighted by strong safety performance, record Duvernay production and continued execution across our heavy oil portfolio.”
Chad Lundberg, President and Chief Executive Officer of Baytex Energy Corp.
“With the strength of our business we are accelerating development across an opportunity-rich portfolio through the remainder of 2026 and into 2027.”
Chad Lundberg, President and Chief Executive Officer of Baytex Energy Corp.
“The updated three-year outlook is significantly enhanced through disciplined capital allocation, resulting in production growth increasing to 8% to 10% while an improved cost structure and capital efficiencies achieve the WTI US$50/bbl breakeven target in 2027.”
Calgary, Alberta--(Newsfile Corp. - November 5, 2026) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") reports its operating and financial results for the three and nine months ended September 30, 2026 (all amounts are in Canadian dollars unless otherwise noted).
"Third-quarter results were highlighted by strong safety performance, record Duvernay production and continued execution across our heavy oil portfolio," said Chad Lundberg, President and Chief Executive Officer. "With the strength of our business we are accelerating development across an opportunity-rich portfolio through the remainder of 2026 and into 2027. The updated three-year outlook is significantly enhanced through disciplined capital allocation, resulting in production growth increasing to 8% to 10% while an improved cost structure and capital efficiencies achieve the WTI US$50/bbl breakeven target in 2027."
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