Baytex Announces First Quarter 2020 Financial and Operating Results

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Baytex Energy (BTE) Reports Q1 FFO of C$0.24

May 7, 2020 5:34 PM EDT

Baytex Energy (NYSE: BTE) reported Q1 FFO of Cdn$0.24, versus Cdn$0.40 reported last year.

2020 Outlook

We previously announced a 50% reduction in our capital spending for this year to $260 to $290 million, from $500 to $575 million. With this revised capital program, we have suspended drilling and completion operations in Canada and expect to see a moderated pace of activity in the Eagle Ford. We are... More