Baytex Energy Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	3,057	3,329	2,713	2,326	1,529	811.74
Revenue Growth (YoY)	-8.89%	22.71%	16.63%	52.13%	88.37%	-45.36%
Cost of Revenue	1,012	1,051	884.95	660.68	460.95	408.16
Gross Profit	2,046	2,278	1,828	1,665	1,068	403.58
Selling, General & Admin	102.53	99.62	107.49	79.33	51.93	43.74
Depreciation & Amortization Expenses	1,303	1,386	1,048	587.05	464.58	486.38
Exploration Expenses	0.72	0.78	8.9	30.24	15.21	14.01
Other Operating Expenses	-	1.54	882.71	-267.74	-1,542	2,360
Total Operating Expenses	1,407	1,488	2,047	428.87	-1,011	2,904
Operating Income	638.81	789.99	-219.11	1,237	2,079	-2,501
Interest Expense	-216.19	-268.37	-192.17	-104.82	-111.16	-125.44
Other Non-Operating Income (Expense)	-89.63	-148.33	-105.3	-240.8	-272.78	26.85
Total Non-Operating Income (Expense)	-305.82	-416.7	-297.47	-345.61	-383.94	-98.59
Pretax Income	332.99	373.29	-516.58	890.92	1,695	-2,599
Provision for Income Taxes	118.36	136.69	-283.23	35.31	81.24	-160.39
Net Income	214.63	236.6	-233.36	855.61	1,614	-2,439
Net Income to Common	214.63	236.6	-233.36	855.61	1,614	-2,439
Net Income Growth	-	-	-	-46.98%	-	-
Shares Outstanding (Basic)	773	1	1	1	1	1
Shares Outstanding (Diluted)	774	1	1	1	1	1
Shares Change (YoY)	-5.21%	14.59%	25.02%	-1.36%	1.95%	-99.90%
EPS (Basic)	0.28	0.29	-0.33	1.53	2.86	-4.35
EPS (Diluted)	0.28	0.29	-0.33	1.52	2.82	-4.35
EPS Growth	-	-	-	-46.10%	-	-
Free Cash Flow	419.76	593.85	239.61	648.83	396.62	70.48
Free Cash Flow Growth	-29.32%	147.83%	-63.07%	63.59%	462.77%	-74.69%
Free Cash Flow Per Share	0.54	735.22	339.93	1150.74	693.86	125.70
Dividends Per Share	0.090	0.090	0.045	-	-	-
Dividend Growth	-	100.00%	-	-	-	-
Gross Margin	66.91%	68.43%	67.38%	71.60%	69.85%	49.72%
Operating Margin	20.90%	23.73%	-8.08%	53.16%	135.95%	-308.07%
Profit Margin	7.02%	7.11%	-8.60%	36.78%	105.53%	-300.46%
FCF Margin	13.73%	17.84%	8.83%	27.89%	25.94%	8.68%
EBITDA	1,942	2,176	828.79	1,824	2,543	-2,014
EBITDA Margin	63.53%	65.36%	30.55%	78.40%	166.34%	-248.16%
EBIT	638.81	789.99	-219.11	1,237	2,079	-2,501
EBIT Margin	20.90%	23.73%	-8.08%	53.16%	135.95%	-308.07%
Effective Tax Rate	35.54%	36.62%	54.83%	3.96%	4.79%	6.17%

Updated Oct 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q