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Baytex: Q1 Earnings Snapshot

Baytex: Q1 Earnings Snapshot FacebookTwitterEmail CALGARY, Alberta (AP) Baytex Energy Corp. (BTE) on Thursday reported a loss of $27.9 million in its first quarter. On a per-share basis, the Calgary, Alberta-based company said it had a loss of 5 cents. The oil and natural gas company posted revenue of $303.8 million in the period. In the final minutes of trading on Thursday, the company s shares hit 52 cents. A year ago, they were trading at $1.09. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BTE at https://www.zacks.com/ap/BTE

Baytex Announces First Quarter 2021 Financial and Operating Results and Provides Five Year Outlook With Cumulative Free Cash Flow of $1 Billion

Q1/2021 Results During Q1/2021, we executed on our plan to maximize free cash flow and reduce debt. During the quarter, we delivered adjusted funds flow of $157 million ($0.28 per basic share). This resulted in free cash flow of $70 million, which, along with the Canadian dollar strengthening relative to the U.S. dollar, contributed to an $89 million reduction in our net debt. Production during the first quarter averaged 78,780 boe/d (81% oil and NGL), up 12% as compared to 70,475 boe/d (82% oil and NGL) in Q4/2020. The increased production largely reflects the resumption of drilling activity in the Viking and Eagle Ford which began in the fourth quarter. Exploration and development expenditures totaled $84 million in Q1/2021 that included the drilling of 68 (46.5 net) wells with a 100% success rate.

Friday s analyst upgrades and downgrades - The Globe and Mail

Friday s analyst upgrades and downgrades - The Globe and Mail
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

Baytex Energy raises spending budget, production guidance, as oil prices strengthen

Baytex says it had a net loss of $35.4 million in the three months ended March 31. It posted a net loss of $2.5 billion in the same period of 2020 when it wrote off $2.7 billion in assets due to low oil prices, while chopping spending and temporarily halting 25,000 boe/d of production. Production during the first quarter this year averaged 78,780 boe/d (81 per cent oil and natural gas liquids), up 12 per cent from the previous quarter thanks to the resumption of drilling activity beginning in late 2020. It was down from 98,452 boe/d in the first quarter of 2020. This report by The Canadian Press was first published April 29, 2021.

Baytex Energy raises spending budget, production guidance, as oil prices strengthen - Medicine Hat NewsMedicine Hat News

Baytex Energy raises spending budget, production guidance, as oil prices strengthen - Medicine Hat NewsMedicine Hat News
medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.

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