Baytex Energy Corp. (BTE:CA) Q2 2026 Earnings Call Transcript

SA Transcripts 161.39K Followers Follow Baytex Energy Corp. ( BTE:CA ) Q2 2026 Earnings Call July 31, 2026 12:00 PM EDT Company Participants Chris Lessoway - VP of Finance & Treasurer Chad Lundberg - President, CEO & Director Kendall Arthur - Chief Operating Officer Chad Kalmakoff - Executive VP & CFO Conference Call Participants Phillips Johnston - Capital One Securities, Inc., Research Division Laique Ahmad Amir Arif - ATB Cormark Capital Markets Inc., Research Division Dennis Fong - CIBC Capital Markets, Research Division Presentation Operator Thank you for standing by. This is the conference operator. Welcome to the Baytex Energy Corp. Second Quarter 2026 Financial and Operating Results Conference Call. [Operator Instructions] The conference is being recorded. [Operator Instructions] I would now like to turn the conference over to Chris Lessoway, Vice President of Finance and Treasurer. Please go ahead. Chris Lessoway VP of Finance & Treasurer Thank you, operator. Good morning, and welcome to Baytex's Second Quarter 2026 Results Conference Call. Joining me today are Chad Lundberg, our President and Chief Executive Officer; Kendall Arthur, our Chief Operating Officer; and Chad Kalmakoff, our Chief Financial Officer. Before we begin, please note that our discussion today contains forward-looking statements within the meaning of applicable securities laws. I refer you to the advisories regarding forward-looking statements, oil and gas information and non-GAAP financial and capital management measures in yesterday's press release. All dollar amounts referenced in our remarks are in Canadian dollars unless otherwise specified. After our prepared remarks, we'll open the call for questions. Webcast participants can also submit questions online. With that, let me turn the call over to Chad. Chad Lundberg President, CEO & Director Good morning. Q2 was another strong quarter. Production averaged 71,200 BOE per day, above the high end of our guidance for the second straight quarter with continued outperformance across our heavy oil portfolio and first well