Calgary, Alberta--(Newsfile Corp. - May 5, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) reports that all matters presented for approval at the annual meeting of shareholders held today were approved. A total of 335,327,771 common shares being 43.53% of Baytex's issued and outstanding shares were represented at the meeting.At the meeting, all of the nominees proposed as directors were duly elected. Results of the vote are set out below:Votes ForName of Nominee#%Mark R. Bly290,419,22796.21Tiffany Thom ...

Core Viewpoint - Baytex Energy reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.10 per share, and compared to a loss of $0.01 per share a year ago, indicating a significant earnings surprise of -40% [1] Financial Performance - The company posted revenues of $695.95 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 7.24%, but down from $730.06 million year-over-year [2] - Over the last four quarters, Baytex has surpassed consensus revenue estimates four times, but has only exceeded consensus EPS estimates once [2] Stock Performance - Baytex shares have declined approximately 36.4% since the beginning of the year, while the S&P 500 has only declined by -3.3% [3] - The current Zacks Rank for Baytex is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.09 on revenues of $652.96 million, and for the current fiscal year, it is $0.33 on revenues of $2.64 billion [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6] Industry Context - The Oil and Gas - Exploration and Production - Canadian industry is currently in the bottom 40% of the Zacks industry rankings, suggesting potential challenges for companies within this sector [8]

Calgary, Alberta--(Newsfile Corp. - May 5, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") reports its operating and financial results for the three months ended March 31, 2025 (all amounts are in Canadian dollars unless otherwise noted)."Baytex efficiently executed its exploration and development program and delivered first quarter results consistent with our full-year plan," said Eric T. Greager, President and Chief Executive Officer. "In a challenging operating environment ...

Calgary, Alberta--(Newsfile Corp. - May 5, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on July 2, 2025 for shareholders of record on June 13, 2025. The U.S. dollar equivalent amount is approximately US$0.0163 per share assuming a foreign exchange rate of 1.38 CAD/US. Payments to shareholders who are not residents of Canada will be net of any Canadian withholding ...

Baytex Conference Call and Webcast on First Quarter 2025 Results to Be Held on May 6, 2025April 28, 2025 5:00 PM EDT | Source: Baytex Energy Corp.Calgary, Alberta--(Newsfile Corp. - April 28, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) will release its first quarter 2025 financial and operating results after the close of markets on Monday May 5, 2025. A conference call and webcast will be held on Tuesday May 6, 2025 to discuss the results:Date: Tuesday May 6, 2025  Time: 9:00 a.m. MST ( ...

Group 1 - The investor has a contrarian investment style, focusing on high-risk, illiquid options and shares, with a portfolio split of approximately 50%-50% [1] - The investment strategy involves buying stocks that have recently experienced sell-offs due to non-recurrent events, especially when insiders are purchasing shares at lower prices [1] - Fundamental analysis is employed to assess the health of companies, their leverage, and to compare financial ratios with sector and industry averages [1] Group 2 - Technical analysis is utilized to optimize entry and exit points, primarily using multicolor lines for support and resistance levels on weekly charts [1] - The investor conducts professional background checks on insiders who purchase shares after sell-offs to ensure credibility [1] - The investment timeframe typically ranges from 3 to 24 months, indicating a medium-term investment horizon [1]

Financial Data and Key Metrics Changes - In 2024, the company generated a 10% production per share growth and improved cash cost structure by 5% on a BOE basis [9][10] - The 2P net asset value per share increased by 13%, and net debt was reduced by 5% in Canadian dollar terms and 13% in U.S. dollar terms [10][14] - Free cash flow generated in 2024 was $656 million, with over 70% of this amount generated in the second half of the year [12][15] Business Line Data and Key Metrics Changes - The Eagle Ford region saw the completion of 64 wells, with an 8% improvement in operated drilling and completions costs per completed lateral foot compared to 2023 [17][19] - In the Pembina Duvernay, seven strong wells were brought on stream, and the company plans to expand its program in 2025 [18][19] - The heavy oil business continued to perform well, with 31 Clearwater wells and 40 wells across the broader Manville group brought on stream [19] Market Data and Key Metrics Changes - The company expects to generate approximately $400 million of free cash flow in 2025 at a WTI price of $70 [15] - The impact of tariffs on Canadian energy imports to the U.S. is anticipated to disproportionately affect Midwest refiners [25][28] Company Strategy and Development Direction - The company remains focused on disciplined capital allocation, prioritizing safe operations, free cash flow generation, and shareholder returns [21][22] - Plans for 2025 include a consistent two-rig, one-frac crew program in the Eagle Ford and further development in the Pembina Duvernay [21][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by fluctuating oil prices and indicated readiness to rationalize low-returning projects if prices decline significantly [32][34] - The company is optimistic about the U.S. economy's resilience and is prepared to react prudently to market cycles [84] Other Important Information - The company repurchased 48 million common shares in 2024, representing 6% of shares outstanding, and declared four quarterly dividends of 2.25 cents per share [12][13] - The asset exchange in the Peavine Metis settlement area was a cashless transaction that strengthened the company's acreage position [55][58] Q&A Session Summary Question: Have the tariffs taken effect and what are the mechanics? - The tariffs have been implemented and are effective as of the morning of the call, impacting import duties on products flowing into the U.S. [25][26] Question: What changes in capital allocation are expected if oil prices drop to $60? - The company will likely pull back on capital activity, which should help address the issue of lower prices, while input costs may also fall [32][34] Question: What drove the improved F&D costs reported? - Improvements in capital expenditures and cash costs, along with better performance in high-value oil streams, contributed to lower F&D costs [41][42] Question: Can you provide details on the Duvernay drilling program? - The drilling rig has been mobilized, and the company is drilling three three-well pads, with results expected in the Q2 release timeframe [46][50] Question: What is the context of the U.S. dollar debt repayment? - Most of the company's debt is U.S. dollar denominated, and the company aims to report debt repayment in U.S. dollar terms for clarity [62][64] Question: Are there opportunities to accelerate the $1.5 billion debt target? - The company continues to explore opportunities within its portfolio to sell assets that do not disproportionately benefit overall cash flow [74][76] Question: What is the composition of the shareholder return framework? - The company maintains a fixed base dividend and allocates half of its free cash flow to debt repayment and the other half to shareholder returns through buybacks [78][79] Question: What are the thoughts on recent share price performance? - The macro environment is challenging for WTI prices, and the company will monitor the situation and react prudently [82][84]

Baytex Energy (BTE) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.12. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -133.33%. A quarter ago, it was expected that this oil and natural gas company would post earnings of $0.14 per share when it actually produced earnings of $0.17, delivering a surprise of 21.43%.Over the last four quarters, the com ...

Exhibit 99.1 BAYTEX ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL AND OPERATING RESULTS AND YEAR END RESERVES CALGARY, ALBERTA (March 4, 2025) - Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three months and year ended December 31, 2024 (all amounts are in Canadian dollars unless otherwise noted). "Our strong 2024 results speak to our disciplined, returns-based capital allocation philosophy that delivers increased per-share returns. In 2024, we ge ...

Core Viewpoint - Baytex Energy Corp. reported strong financial and operational results for 2024, highlighting a disciplined capital allocation strategy that led to increased production and shareholder returns. The company generated significant free cash flow and prioritized returning capital to shareholders through buybacks and dividends [2][22][24]. Financial Performance - In Q4 2024, Baytex reported cash flows from operating activities of CAD 469 million (CAD 0.60 per basic share) and total cash flows for 2024 of CAD 1,908 million (CAD 2.38 per basic share) [5][9]. - The company achieved a 10% increase in production per basic share in 2024, with average production of 153,048 boe/d compared to 122,154 boe/d in 2023 [5][23]. - Free cash flow for Q4 2024 was CAD 255 million (CAD 0.33 per basic share) and CAD 656 million (CAD 0.82 per basic share) for the full year [5][24]. - Baytex returned CAD 290 million to shareholders in 2024 through share buybacks and dividends, repurchasing 48.4 million shares for CAD 218 million [5][24]. Operational Highlights - The company improved its cash cost structure by 5% on a boe basis compared to 2023 [5][22]. - Baytex reduced net debt by 5% in 2024, maintaining a total debt to EBITDA ratio of 1.1x [5][27]. - The company replaced 102% of production on a 1P basis and 101% on a 2P basis, achieving a strong PDP recycle ratio of 1.9x [10][37]. Reserves and Asset Valuation - Year-end 2024 reserves were evaluated at 187 MMboe for PDP, 408 MMboe for 1P, and 660 MMboe for 2P, with increases of 8% and 6% in reserves per share for PDP and 1P/2P, respectively [5][37]. - The net asset value at year-end 2024 increased by 13% to CAD 7.27 per share, based on estimated 2P reserves value [10][37]. - Finding and development costs were CAD 21.32/boe for PDP, CAD 15.06/boe for 1P, and CAD 14.81/boe for 2P [37]. 2025 Outlook - For 2025, Baytex anticipates production of approximately 144,000 boe/d in Q1, with full-year guidance unchanged at 148,000 to 152,000 boe/d [19][20]. - The company expects to generate approximately CAD 400 million of free cash flow in 2025 at a WTI price of USD 70/bbl, with the majority expected in the second half of the year [20][19]. - Baytex will continue to focus on disciplined capital allocation, targeting a balanced approach between free cash flow generation and shareholder returns [18][19].