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Stock impact report

Baytex Announces Fourth Quarter and Full Year 2023 Financial and Operating Results and Year End Reserves [Yahoo! Finance]

Baytex Energy Corp Common Shares (BTE) 
Last baytex energy corp common shares earnings: 3/4 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
results for the three months and year ended December 31, 2023 (all amounts are in Canadian dollars unless otherwise noted). "Our 2023 results demonstrate the strength of our oil-weighted portfolio. The strategic acquisition of Ranger added quality scale in the Eagle Ford and reinforced the resiliency and sustainability of our business. In 2023, we increased production per share by 16% and fourth quarter production exceeded guidance with continued strong results in the Eagle Ford and Peavine. During 2023, we increased shareholder returns to 50% of free cash flow, increased our share buyback program and introduced a quarterly dividend. We are well-capitalized and remain committed to creating long-term value and increasing shareholder returns," commented Eric T. Greager, President and Chief Executive Officer. 2023 Highlights Completed the acquisition of Ranger Oil Corporation ("Ranger") on June 20, 2023. Reported cash flows from operating activities of $474 million ($0.57 per bas Show less Read more
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