Baytex Energy (NYSE:BTE) Announces Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Baytex Energy (NYSE:BTE) (TSE:BTE) posted its quarterly earnings results on Thursday. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.09), Zacks reports. Baytex Energy had a negative return on equity of 9.78% and a negative net margin of 24.25%.The company had revenue of $325.64 million for the quarter, compared to the consensus estimate of $228.04 million.

Here are the key takeaways from Baytex Energy’s conference call:

• Baytex Energy held its annual shareholder meeting virtually, with management outlining how shareholders could participate, ask questions, and vote through the Lumi platform.
• The company reported that a quorum was present and that all resolutions received the required approvals, indicating shareholder support for the meeting’s proposals.
• All nominated directors were duly elected to Baytex’s board, including Mark Bly, Trudy Curran, Chad Lundberg, Don Hrap, Jennifer Maki, David Pearce, Steve Reynish, and Jeffrey Wojahn.
• Shareholders approved the appointment of KPMG LLP as auditor until the next annual meeting, with compensation to be set by the board.
• The advisory vote on executive compensation also passed, and Baytex said detailed voting results would be released within 48 hours.

Baytex Energy Trading Down 0.7%

Shares of BTE stock traded down $0.04 during trading hours on Friday, reaching $4.83. The company’s stock had a trading volume of 14,639,630 shares, compared to its average volume of 22,169,316. The stock has a market capitalization of $3.52 billion, a P/E ratio of -6.89 and a beta of 0.39. Baytex Energy has a one year low of $1.56 and a one year high of $5.24. The firm’s fifty day simple moving average is $4.27 and its 200 day simple moving average is $3.53. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.05.

Baytex Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Monday, June 15th will be given a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 15th. Baytex Energy’s dividend payout ratio (DPR) is currently -10.00%.

Institutional Investors Weigh In On Baytex Energy

A number of large investors have recently made changes to their positions in BTE. Goldman Sachs Group Inc. grew its position in shares of Baytex Energy by 110.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,127,074 shares of the oil and gas producer’s stock worth $15,893,000 after buying an additional 3,743,234 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Baytex Energy by 446.3% in the 1st quarter. Jane Street Group LLC now owns 2,646,885 shares of the oil and gas producer’s stock valued at $5,903,000 after purchasing an additional 2,162,346 shares during the period. Geode Capital Management LLC lifted its stake in shares of Baytex Energy by 19.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,802,016 shares of the oil and gas producer’s stock valued at $3,226,000 after purchasing an additional 287,454 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Baytex Energy by 10.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 144,757 shares of the oil and gas producer’s stock valued at $261,000 after purchasing an additional 14,050 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Baytex Energy by 18.4% in the 2nd quarter. Invesco Ltd. now owns 465,450 shares of the oil and gas producer’s stock valued at $833,000 after purchasing an additional 72,431 shares during the period. 46.15% of the stock is currently owned by institutional investors.

Key Headlines Impacting Baytex Energy

Here are the key news stories impacting Baytex Energy this week:

• Positive Sentiment: Baytex raised its production guidance and nearly doubled its 3-year growth outlook, signaling confidence in future operating momentum. Baytex Delivers Strong First Quarter 2026 Results; Raises Production Guidance and Nearly Doubles 3-Year Growth Outlook; CEO Transition Complete
• Positive Sentiment: The company announced a quarterly dividend of C$0.0225 per share, reinforcing its shareholder-return commitment. Baytex Announces Quarterly Dividend for July 2026
• Positive Sentiment: Shareholders approved all items at the annual meeting, removing a governance overhang. Baytex Reports Shareholder Meeting Results
• Neutral Sentiment: Baytex’s earnings call emphasized growth pace and buybacks, which supports the stock but does not change the weak Q1 earnings headline by itself. Baytex Energy Ups Growth Pace and Buybacks
• Negative Sentiment: Q1 adjusted results missed expectations, with EPS of -$0.08 versus a $0.01 estimate, underscoring earnings pressure. Baytex Energy (BTE) Reports Q1 Loss, Tops Revenue Estimates
• Negative Sentiment: Revenue and profitability fell sharply year over year, with revenue down 47.5% and a net loss of $48.4 million, which likely pressured the shares. Baytex Energy Corp. (BTE) Releases Q1 2026 Earnings: Revenue Down 47.5%, Net Loss $48.4M

Analyst Ratings Changes

Several research firms recently issued reports on BTE. Zacks Research upgraded Baytex Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Raymond James Financial upgraded Baytex Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 30th. TD Securities lowered Baytex Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings lowered Baytex Energy from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, March 6th. Finally, TD Cowen lowered Baytex Energy from a “buy” rating to a “hold” rating in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Baytex Energy has a consensus rating of “Hold”.

Baytex Energy Company Profile

Baytex Energy Corp. is an oil & gas exploration and production company. The firm engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. The company was founded on June 3, 1993 and is headquartered in Calgary, Canada.