Baytex Energy Corp. (BTE) Q2 2025 Earnings Call Transcript

Baytex Energy Corp. (NYSE:BTE) Q2 2025 Earnings Conference Call August 1, 2025 11:00 AM ET

Company Participants

Brian G. Ector - Senior VP of Capital Markets & Investor Relations
Chad E. Lundberg - Chief Operating Officer
Chad L. Kalmakoff - Executive VP & CFO
Eric Thomas Greager - President, CEO & Director

Conference Call Participants

Laique Ahmad Amir Arif - ATB Capital Markets Inc., Research Division

Operator

Good day, everyone. Thank you for standing by. This is the conference operator. Welcome to the Baytex Energy Corp. Second Quarter 2025 Financial and Operating Results Conference Call. [Operator Instructions] The conference is being recorded.

[Operator Instructions] I would now like to turn the floor over to Brian Ector, Senior Vice President, Capital Markets and Investor Relations. Please go ahead.

Brian G. Ector

Thank you, Jamie. Good morning, and welcome to Baytex's Second Quarter 2025 Earnings Call. I am joined today by Eric Greager, our President and Chief Executive Officer; Chad Kalmakoff, our Chief Financial Officer; and Chad Lundberg, our Chief Operating 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.

And after our prepared remarks, we'll open the call for questions from analysts. Webcast participants can also submit questions online, and we will address as many as time permits.

With that, let me turn the call over to Eric.

Eric Thomas Greager

Thanks, Brian. Good morning, everyone. We delivered solid operational and financial results in the second quarter that reflect the quality of our assets as well as our focus on operational excellence. In the Pembina Duvernay, we achieved