A Calgary-based producer of crude oil and natural gas, Baytex Energy Corp. pulls light oil, heavy oil, bitumen, and natural gas from fields across the Western Canadian Sedimentary Basin and the Eagle Ford shale in Texas. Founded in 1993 as Baytex Energy Trust, the company grew through deals like its 2018 combination with Raging River Exploration and its 2023 purchase of Ranger Oil. Its name blends "Bay" and "Tex," a nod to the Texas-style shorthand common among North American energy firms.
Baytex Energy renews NCIB to repurchase up to 70,899,359 common shares from July 2, 2026 to July 1, 2027.
The Toronto Stock Exchange accepted Baytex's notice to renew its normal course issuer bid, allowing repurchase of up to 70,899,359 common shares, representing 10% of public float as of June 19, 2026.
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Baytex had 712,593,536 common shares outstanding on June 19, 2026; purchases will be made on TSX, NYSE, and alternative trading platforms in Canada and the U.S.
Daily TSX purchases are limited to 1,709,763 shares (25% of average daily trading volume of 6,839,053 shares), subject to block purchase exceptions.
Under the prior NCIB (July 2, 2025 to July 1, 2026), Baytex repurchased 56,372,803 shares at a weighted-average price of CAD $5.38 per share as of June 19, 2026.
BMO Nesbitt Burns Inc. will act as designated broker, and an automatic share purchase plan (Rule 10b5-1) allows purchases during blackout periods; all repurchased shares will be cancelled.
Baytex Energy Corp. changes U.S. Agent for Service of Process to Puglisi & Associates
Baytex Energy Corp. filed a Form 6-K on June 26, 2026 to update the Agent for Service of Process for its Registration Statements on Form F-3 and Form S-8.
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The new agent is Puglisi & Associates, located at 850 Library Avenue, Suite 204, Newark, Delaware 19711, with telephone (302) 738-6680.
The change is incorporated by reference into the Registration Statements (File Nos. 333-273020 and 333-272971).
The report was signed by James R. Maclean, SVP, Commercial and General Counsel.
Baytex Energy raises 2026 production guidance and nearly doubles 3-year growth outlook; CEO transition complete
Q1 2026 production averaged 69,478 boe/d (88% oil and NGL), exceeding the high end of guidance.
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Adjusted funds flow was $151 million ($0.20 per basic share); net loss of $67 million due largely to unrealized derivatives losses.
Repurchased 35.1 million shares for $174 million in Q1; through May 6, 2026, repurchased 45.1 million shares for $229 million (5.9% of shares outstanding).
2026 production guidance raised to 69,000-71,000 boe/d (from 67,000-69,000), with 7% annual growth target; 3-year outlook raised to 6%-8% annual growth.
Chad Lundberg became President and CEO effective May 7, 2026; Kendall Arthur appointed COO, Adrian Blazevic VP Heavy Oil; Brian Ector to retire July 31, 2026.
Baytex shareholders approve all director nominees, auditor, and executive compensation at 2026 annual meeting
At Baytex Energy Corp.'s annual meeting on May 7, 2026, all eight director nominees were elected, with support ranging from 66.34% (Steve D.L. Reynish) to 99.12% (Chad E. Lundberg).
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KPMG LLP was appointed as auditor for the ensuing year, with 99.72% of votes cast in favor.
A non-binding advisory resolution on executive compensation was approved with 96.47% support.
A total of 366,618,328 common shares, representing 50.00% of issued and outstanding shares, were represented at the meeting.
The meeting was held on May 7, 2026, and all matters presented were approved.