Baytex Energy Corp. Q3 2025 Financial Results and Operations Update

Baytex Energy Corp. reported its financial and operational results for the third quarter of 2025. The company achieved production of 150,950 barrels of oil equivalent per day (boe/d) and spent $270.4 million on exploration and development. Baytex highlighted strong execution in the Eagle Ford with 15.6 net wells to sales and record production in its Duvernay light oil operations. The company generated adjusted funds flow of $422.2 million and cash flows from operating activities of $472.7 million. Net debt decreased by $172.8 million to $2.2 billion compared to December 31, 2024. Baytex expects full-year production of approximately 148,000 boe/d and exploration and development expenditures of $1.2 billion, consistent with previous guidance.