Baytex Energy Renews Normal Course Issuer Bid to Buy Up to 70,899,359 Shares
Baytex Energy announced that the Toronto Stock Exchange has accepted the company's notice of intention to renew its normal course issuer bid. The renewed NCIB allows Baytex to purchase up to 70,899,359 common shares during the 12-month period commencing July 2 and ending July 1, 2027 or such earlier time as the NCIB is completed or terminated at the option of Baytex. "Baytex's shareholder returns include a combination of share repurchases and quarterly dividend payments. Renewing the NCIB provides Baytex with the flexibility to continue common share repurchases, which are an efficient means to return capital and improve per share metrics. The number of shares authorized for purchase represents 10% of Baytex's public float, as defined by the TSX, as of June 19, 2026. On June 19, 2026 Baytex had 712,593,536 common shares outstanding," the company stated.
