Baytex Energy Corp. Q2 2025 Financial and Operational Highlights

SEC Filing 6-K (0001279495-25-000034)

Baytex Energy Corp. reported its financial and operational results for the second quarter of 2025. The company achieved production of 148,095 barrels of oil equivalent per day (boe/d) and spent $356.5 million on exploration and development, consistent with its full-year plan. Baytex delivered strong operational performance, particularly in its U.S. Eagle Ford properties and Canadian Duvernay light oil operations. Despite volatile oil prices, with WTI averaging US$63.74/bbl, the company generated adjusted funds flow of $366.9 million and cash flows from operating activities of $354.3 million. Net debt decreased by $123.2 million to $2.3 billion, and the company allocated $51.4 million to shareholder returns, including share buybacks and dividends. Baytex reaffirmed its 2025 guidance, expecting full-year production of approximately 148,000 boe/d and exploration and development expenditures of around $1.2 billion.