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Baytex Energy Q1 Earnings Call Highlights
Key takeaways
- Baytex Energy Q1 Earnings Call Highlights Market Beat Sat, May 9, 2026 at 11:05 PM GMT+7 8 min read BTE CL=F Baytex Energy logo Key Points Interested in Baytex Energy Corp?
- Baytex beat Q1 expectations with production averaging 69,500 BOE/day, above guidance, and raised its 2026 outlook to 69,000-71,000 BOE/day.
- Heavy oil and Duvernay are driving growth, with strong well results at Peavine and Lloydminster and 35% Duvernay production growth expected in 2026.
Baytex Energy Q1 Earnings Call Highlights Market Beat Sat, May 9, 2026 at 11:05 PM GMT+7 8 min read BTE CL=F Baytex Energy logo Key Points Interested in Baytex Energy Corp? Here are five stocks we like better.
Baytex beat Q1 expectations with production averaging 69,500 BOE/day, above guidance, and raised its 2026 outlook to 69,000-71,000 BOE/day. The company also lifted its three-year growth target to 6%-8% annually through 2028 while aiming to stay in a net cash position.
Heavy oil and Duvernay are driving growth, with strong well results at Peavine and Lloydminster and 35% Duvernay production growth expected in 2026. Baytex is also reducing Duvernay well costs and plans more spending on facilities to support longer-term development.
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