See more : Technology One Limited (TNE.AX) Income Statement Analysis – Financial Results
Complete financial analysis of Baytex Energy Corp. (BTE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Baytex Energy Corp., a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Baytex Energy Corp. (BTE)
About Baytex Energy Corp.
Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. It holds interest in the Eagle Ford property in Texas; Viking and Lloydminster properties in Alberta and Saskatchewan; and Peace River and Duvernay properties in Alberta. Baytex Energy Corp. was founded in 1993 and is headquartered in Calgary, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.38B | 2.89B | 1.87B | 975.48M | 1.81B | 1.43B | 1.09B | 780.10M | 1.13B | 1.53B | 1.12B | 1.02B | 1.31B | 1.02B | 685.11M | 1.16B | 618.93M | 556.69M | 546.94M | 420.40M | 351.40M | 365.86M | 329.70M | 286.23M | 120.10M | 102.30M | 123.80M | 15.70M | 6.20M |
| Cost of Revenue | 2.51B | 1.81B | 1.26B | 1.06B | 1.56B | 1.29B | 1.08B | 965.01M | 1.30B | 678.46M | 487.79M | 505.04M | 671.20M | 522.66M | 322.60M | 391.18M | 266.30M | 221.80M | 110.65M | 89.08M | 86.03M | 75.23M | 83.44M | 53.82M | 25.70M | 30.10M | 32.60M | 3.70M | 1.50M |
| Gross Profit | 869.28M | 1.08B | 603.51M | -82.80M | 243.54M | 139.14M | 13.43M | -184.91M | -174.56M | 851.44M | 627.62M | 519.91M | 637.62M | 492.41M | 362.51M | 768.54M | 352.63M | 334.89M | 436.29M | 331.32M | 265.37M | 290.63M | 246.26M | 232.41M | 94.40M | 72.20M | 91.20M | 12.00M | 4.70M |
| Gross Profit Ratio | 25.70% | 37.33% | 32.30% | -8.49% | 13.49% | 9.74% | 1.23% | -23.70% | -15.45% | 55.65% | 56.27% | 50.73% | 48.72% | 48.51% | 52.91% | 66.27% | 56.97% | 60.16% | 79.77% | 78.81% | 75.52% | 79.44% | 74.69% | 81.20% | 78.60% | 70.58% | 73.67% | 76.43% | 75.81% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 69.79M | 79.33M | 51.93M | 43.74M | 61.36M | 65.36M | 62.90M | 64.75M | 74.75M | 87.42M | 77.80M | 81.33M | 73.18M | 48.12M | 41.45M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 37.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 107.49M | 79.33M | 51.93M | 43.74M | 61.36M | 65.36M | 62.90M | 64.75M | 74.75M | 87.42M | 77.80M | 81.33M | 73.18M | 48.12M | 41.45M | 37.42M | 31.55M | 28.30M | 43.76M | 41.69M | 9.67M | 6.74M | 5.26M | 7.76M | 5.30M | 5.60M | 3.30M | 600.00K | 500.00K |
| Other Expenses | 761.80M | 45.92M | 27.59M | 22.99M | 25.48M | 1.17M | -2.22M | -8.15M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 869.28M | 125.25M | 79.53M | 66.73M | 86.84M | 98.00M | 79.83M | 76.90M | 89.79M | 466.26M | 370.62M | 332.54M | 385.67M | 310.01M | 255.84M | 261.31M | 221.06M | 182.15M | 210.89M | 202.50M | 125.98M | 113.58M | 372.65M | 92.36M | 43.30M | 112.40M | 47.80M | 5.20M | 2.40M |
| Cost & Expenses | 3.38B | 1.94B | 1.34B | 1.13B | 1.65B | 1.39B | 1.16B | 1.04B | 1.39B | 1.14B | 858.41M | 837.58M | 1.06B | 832.68M | 578.45M | 652.49M | 487.36M | 403.94M | 321.54M | 291.58M | 212.02M | 188.81M | 456.09M | 146.18M | 69.00M | 142.50M | 80.40M | 8.90M | 3.90M |
| Interest Income | 0.00 | 86.67M | 96.93M | 113.15M | 112.15M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 40.56M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 171.77M | 80.39M | 92.07M | 106.53M | 107.42M | 108.17M | 104.96M | 103.69M | 103.40M | 82.78M | 43.32M | 0.00 | 12.49M | 28.31M | 38.18M | 32.96M | 35.24M | 33.69M | 33.12M | 19.41M | 23.55M | 25.22M | 33.85M | 13.83M | 0.00 | 10.00M | 0.00 | 400.00K | 300.00K |
| Depreciation & Amortization | 1.05B | 602.73M | 476.96M | 495.36M | 745.40M | 569.60M | 490.61M | 514.48M | 661.86M | 536.57M | 328.95M | 297.80M | 248.47M | 271.04M | 237.22M | 223.90M | 189.51M | 153.85M | 168.63M | 171.98M | 117.34M | 107.89M | 369.24M | 84.60M | 38.00M | 106.80M | 44.50M | 4.60M | 1.90M |
| EBITDA | 691.15M | 1.56B | 986.26M | 335.54M | 760.18M | 597.14M | 513.16M | -145.79M | -721.76M | 921.75M | 587.68M | 484.31M | 500.42M | 344.74M | 338.39M | 916.58M | 323.07M | 306.59M | 394.03M | 300.80M | 290.51M | 284.94M | 242.85M | 224.65M | 106.40M | 66.60M | 106.70M | 11.20M | 4.20M |
| EBITDA Ratio | 20.43% | 52.98% | 52.79% | 34.40% | 49.35% | 41.79% | 37.46% | 30.00% | 35.01% | 60.25% | 52.33% | 47.25% | 38.23% | 45.73% | 50.19% | 79.03% | 52.20% | 55.10% | 91.95% | 101.75% | 96.30% | 94.02% | 92.38% | 96.10% | 88.59% | 78.69% | 86.19% | 71.34% | 80.65% |
| Operating Income | 643.19M | 943.57M | 521.68M | -150.84M | 159.49M | 38.46M | 57.72M | 246.02M | 230.25M | 392.43M | 264.01M | 194.01M | 251.95M | 162.46M | 106.67M | 507.23M | 131.57M | 152.74M | 225.40M | 129.42M | 136.41M | 177.06M | -126.39M | 140.05M | 68.40M | -40.20M | 62.20M | 6.80M | 2.30M |
| Operating Income Ratio | 19.01% | 32.66% | 27.92% | -15.46% | 8.83% | 2.69% | 5.29% | 31.54% | 20.38% | 25.65% | 23.67% | 18.93% | 19.25% | 16.00% | 15.57% | 43.74% | 21.26% | 27.44% | 41.21% | 30.78% | 38.82% | 48.39% | -38.33% | 48.93% | 56.95% | -39.30% | 50.24% | 43.31% | 37.10% |
| Total Other Income/Expenses | -1.16B | -62.19M | 1.17B | -2.45B | -235.62M | -468.21M | -126.97M | -1.02B | -1.88B | -390.85M | -46.36M | 182.39M | -32.53M | -55.08M | -38.18M | -218.41M | -37.23M | -33.85M | -143.85M | -147.54M | -106.09M | -84.25M | -110.92M | -64.25M | -25.89M | -23.90M | -23.10M | 11.90M | -1.00M |
| Income Before Tax | -516.58M | 890.92M | 1.69B | -2.60B | -78.92M | -427.08M | -69.25M | -757.79M | -1.48B | 1.58M | 217.65M | 376.39M | 269.57M | 154.08M | 68.49M | 288.81M | 94.34M | 118.90M | 81.55M | -18.13M | 34.17M | 92.81M | -221.95M | 75.80M | 25.20M | -64.10M | 20.30M | 6.60M | 1.30M |
| Income Before Tax Ratio | -15.27% | 30.84% | 90.72% | -266.47% | -4.37% | -29.89% | -6.34% | -97.14% | -130.79% | 0.10% | 19.51% | 36.72% | 20.60% | 15.18% | 10.00% | 24.90% | 15.24% | 21.36% | 14.91% | -4.31% | 9.72% | 25.37% | -67.32% | 26.48% | 20.98% | -62.66% | 16.40% | 42.04% | 20.97% |
| Income Tax Expense | -283.23M | 35.31M | 81.24M | -160.39M | -66.46M | -101.77M | -156.43M | -272.60M | -344.15M | 134.39M | 52.80M | 117.76M | 52.14M | -23.55M | -19.09M | 25.56M | -42.66M | -32.76M | 1.67M | -32.24M | -3.97M | 47.67M | -93.44M | 32.01M | 11.10M | -25.70M | 9.30M | 2.30M | 500.00K |
| Net Income | -233.36M | 855.61M | 1.61B | -2.44B | -12.46M | -325.31M | 87.17M | -485.18M | -1.13B | -132.81M | 164.85M | 258.63M | 217.43M | 177.63M | 87.57M | 259.89M | 132.86M | 147.07M | 79.88M | 13.76M | 38.14M | 45.14M | -128.51M | 43.79M | 14.10M | -38.40M | 11.00M | 4.30M | 800.00K |
| Net Income Ratio | -6.90% | 29.62% | 86.37% | -250.03% | -0.69% | -22.77% | 7.99% | -62.20% | -100.33% | -8.68% | 14.78% | 25.23% | 16.61% | 17.50% | 12.78% | 22.41% | 21.47% | 26.42% | 14.60% | 3.27% | 10.85% | 12.34% | -38.98% | 15.30% | 11.74% | -37.54% | 8.89% | 27.39% | 12.90% |
| EPS | -0.33 | 1.53 | 2.86 | -4.35 | -0.02 | -0.93 | 0.37 | -2.29 | -5.72 | -0.89 | 1.33 | 2.16 | 1.88 | 1.59 | 0.83 | 2.83 | 1.66 | 2.02 | 1.19 | 0.27 | 0.70 | 0.86 | -2.60 | 0.96 | 0.40 | -1.12 | 0.36 | 0.18 | 0.12 |
| EPS Diluted | -0.33 | 1.52 | 2.82 | -4.35 | -0.02 | -0.93 | 0.37 | -2.29 | -5.72 | -0.89 | 1.31 | 2.12 | 1.83 | 1.54 | 0.82 | 2.70 | 1.55 | 1.91 | 1.15 | 0.26 | 0.66 | 0.85 | -2.56 | 0.96 | 0.39 | -1.12 | 0.36 | 0.16 | 0.09 |
| Weighted Avg Shares Out | 704.90M | 557.99M | 563.67M | 560.66M | 557.05M | 349.79M | 234.79M | 211.87M | 198.07M | 148.93M | 123.75M | 119.96M | 115.96M | 111.45M | 104.89M | 91.68M | 80.03M | 72.81M | 67.12M | 50.97M | 54.31M | 52.30M | 49.50M | 45.79M | 35.25M | 34.29M | 30.56M | 23.56M | 6.67M |
| Weighted Avg Shares Out (Dil) | 704.90M | 563.84M | 571.61M | 560.66M | 557.05M | 351.54M | 237.25M | 212.30M | 198.21M | 148.93M | 125.39M | 121.82M | 118.92M | 115.52M | 107.25M | 96.39M | 85.98M | 77.00M | 69.46M | 52.93M | 57.81M | 53.24M | 50.20M | 45.79M | 36.15M | 34.29M | 30.56M | 27.18M | 8.89M |
Baytex Announces Pricing of Upsized US$575 Million Private Placement Offering of Senior Notes
Calgary, Alberta--(Newsfile Corp. - March 14, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is pleased to announce the pricing and upsize to US$575 million of its previously announced private placement offering (the "Offering") of senior unsecured notes...
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Calgary, Alberta--(Newsfile Corp. - March 14, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") announced today that it intends to offer US$500 million aggregate principal amount of senior unsecured notes due 2032 (the "Notes") in a private placement...
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Baytex Energy Corp. (BTE) Q4 2023 Earnings Call Transcript
Baytex Energy Corp. (BTE) Q4 2023 Earnings Call Transcript
Baytex Announces Fourth Quarter and Full Year 2023 Financial and Operating Results and Year End Reserves
Calgary, Alberta--(Newsfile Corp. - February 28, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") reports its operating and financial results for the three months and year ended December 31, 2023 (all amounts are in Canadian dollars unless otherwise noted)....
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Calgary, Alberta--(Newsfile Corp. - February 28, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "company") announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on April...
Baytex Conference Call and Webcast on Fourth Quarter and Full Year 2023 Results to be Held on February 29, 2024
Calgary, Alberta--(Newsfile Corp. - February 21, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) will release its fourth quarter and full year 2023 financial operating results after the close of markets on Wednesday February 28, 2024. A conference call and...
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