Baytex Energy (BTE) | Financial Analysis & Statements

Baytex Energy Corp | Small-cap | Energy

$1.81

-1.09%

Baytex Energy vs ConocoPhillips Baytex Energy vs Canadian Natural Baytex Energy vs BKV Baytex Energy vs Mach Natural Baytex Energy vs Talos Energy Baytex Energy vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 4.2B

Gross Profit 1.0B 24.35%

Operating Income 770.3M 18.30%

Net Income 236.6M 5.62%

Balance Sheet Metrics

Total Assets 7.8B

Total Liabilities 3.6B

Shareholders Equity 4.2B

Debt to Equity 0.86

Cash Flow Metrics

Operating Cash Flow 1.8B

Free Cash Flow 593.8M

Revenue & Profitability Trend

Baytex Energy Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	4.2B	2.3B	2.9B	1.9B	975.5M
Cost of Goods Sold	3.2B	1.7B	1.8B	1.2B	1.0B
Gross Profit	1.0B	603.6M	1.1B	635.8M	-54.4M
Operating Expenses	254.8M	157.0M	173.8M	111.8M	95.2M
Operating Income	770.3M	446.6M	953.1M	524.0M	-149.5M
Pre-tax Income	373.3M	-358.7M	890.9M	1.7B	-2.6B
Income Tax	136.7M	-196.7M	35.3M	81.2M	-160.4M
Net Income	236.6M	-162.0M	855.6M	1.6B	-2.4B
EPS (Diluted)	-	-$0.33	$1.52	$2.82	-$4.35

Income Statement Trend

Baytex Energy Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	449.6M	305.6M	244.1M	182.1M	112.5M
Non-Current Assets	7.3B	4.9B	4.9B	4.7B	3.3B
Total Assets	7.8B	5.2B	5.1B	4.8B	3.4B
Liabilities
Current Liabilities	573.7M	387.5M	288.5M	338.7M	198.9M
Non-Current Liabilities	3.0B	2.1B	1.8B	2.3B	2.6B
Total Liabilities	3.6B	2.5B	2.1B	2.6B	2.8B
Equity
Total Shareholders Equity	4.2B	2.7B	3.0B	2.2B	578.2M

Balance Sheet Composition

Baytex Energy Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	236.6M	-162.0M	855.6M	1.6B	-2.4B
Operating Cash Flow	1.8B	379.6M	1.5B	2.2B	-2.1B
Investing Activities
Capital Expenditures	-1.3B	-733.4M	-524.0M	-308.0M	-282.4M
Investing Cash Flow	-1.3B	-1.0B	-489.0M	-310.8M	-314.5M
Financing Activities
Dividends Paid	-72.0M	-26.1M	0	-	-
Financing Cash Flow	-668.2M	184.9M	-678.4M	-546.9M	-44.2M
Free Cash Flow	593.8M	166.4M	648.8M	396.6M	70.5M

Cash Flow Trend

Baytex Energy Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 7.10

Forward P/E 6.44

Price to Book 0.38

Price to Sales 0.48

PEG Ratio 6.44

Profitability Ratios

Profit Margin 9.57%

Operating Margin 17.50%

Return on Equity 7.90%

Return on Assets 6.52%

Financial Health

Current Ratio 0.63

Debt to Equity 52.31

Beta 1.72

Per Share Data

EPS (TTM) $0.29

Book Value per Share $5.46

Revenue per Share $4.23

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
bte	1.6B	7.10	0.38	7.90%	9.57%	52.31
ConocoPhillips	119.5B	12.00	1.83	16.66%	16.15%	36.46
Canadian Natural	70.3B	12.84	1.73	18.95%	19.76%	46.57
BKV	1.9B	-11.50	1.29	-13.36%	-26.53%	14.07
Mach Natural	1.8B	9.40	1.29	12.64%	16.92%	34.37
Talos Energy	1.6B	40.18	0.58	0.96%	1.27%	50.06

Financial data is updated regularly. All figures are in the company's reporting currency.