Quarterly ResultJul 31, 2026, 06:02 AM
Baytex Q2 Net Income $174.9M, EPS $0.24; Declares Dividend
AI Summary
Baytex Energy Corp. reported strong second-quarter 2026 results with net income of $174.9 million, or $0.24 per basic share, and petroleum and natural gas sales of $639.9 million. For the first six months of 2026, cash flows from operating activities reached $353.1 million. The company also repurchased $316.3 million in common shares year-to-date, reduced credit facility debt to zero, and declared a quarterly cash dividend of $0.0225 per share. A new Normal Course Issuer Bid was authorized for up to 70.9 million common shares.
Key Highlights
- Q2 2026 Net Income: $174.9 million (vs. $151.5 million in Q2 2025).
- Q2 2026 Basic Earnings Per Share: $0.24 (vs. $0.20 in Q2 2025).
- Q2 2026 Petroleum and Natural Gas Sales: $639.9 million (vs. $411.0 million in Q2 2025 for continuing operations).
- YTD 2026 Cash Flows from Operating Activities: $353.1 million.
- YTD 2026 Common Shares Repurchased: $316.3 million.
- Credit Facilities Outstanding: $0 as of June 30, 2026 (vs. $1.1 million at Dec 31, 2025).
- New Normal Course Issuer Bid authorized for up to 70.9 million common shares.
- Quarterly Cash Dividend Declared: $0.0225 per share, payable October 1, 2026.
Price Impact
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