Baytex Energy Corp. (BTE)

Baytex Energy Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,162	3,329	2,713	2,326	1,529	811.74
Revenue Growth (YoY)	-7.76%	22.71%	16.63%	52.13%	88.37%	-45.36%
Cost of Revenue	1,022	1,053	933.99	660.68	460.95	408.16
Gross Profit	2,139	2,276	1,779	1,665	1,068	403.58
Selling, General & Admin	86.15	81.75	69.79	50.27	40.8	34.27
Other Operating Expenses	32.68	19.13	-4.29	214.69	300.25	-20.36
Operating Expenses	1,455	1,505	1,994	643.56	-710.44	523.77
Operating Income	683.98	770.86	-214.82	1,022	1,779	-120.19
Interest Expense	-203.05	-222.8	-171.77	-86.67	-96.93	-113.15
Currency Exchange Gain (Loss)	8.56	-155.9	10.85	-43.44	2.87	-8.69
Other Non Operating Income (Expenses)	6.91	6.69	0.46	-3.24	2.56	5.3
EBT Excluding Unusual Items	496.41	398.86	-375.29	888.48	1,687	-236.73
Gain (Loss) on Sale of Assets	1.87	-1.22	-141.3	4.9	9.67	0.9
Asset Writedown	-	-	-	-	-	-2,360
Other Unusual Items	2.76	-24.35	-	-2.46	-1.85	-3.31
Pretax Income	501.03	373.29	-516.58	890.92	1,695	-2,599
Income Tax Expense	133.15	136.69	-283.23	35.31	81.24	-160.39
Net Income	367.88	236.6	-233.36	855.61	1,614	-2,439
Net Income to Common	367.88	236.6	-233.36	855.61	1,614	-2,439
Net Income Growth	-	-	-	-46.98%	-	-
Shares Outstanding (Basic)	780	803	705	558	564	561
Shares Outstanding (Diluted)	784	808	705	564	572	561
Shares Change (YoY)	-5.76%	14.59%	25.02%	-1.36%	1.95%	0.65%
EPS (Basic)	0.47	0.29	-0.33	1.53	2.86	-4.35
EPS (Diluted)	0.47	0.29	-0.33	1.52	2.82	-4.35
EPS Growth	-	-	-	-46.10%	-	-
Free Cash Flow	519.66	593.85	239.61	648.83	396.62	70.48
Free Cash Flow Per Share	0.66	0.73	0.34	1.15	0.69	0.13
Dividend Per Share	0.090	0.090	0.045	-	-	-
Dividend Growth	-	100.00%	-	-	-	-
Gross Margin	67.67%	68.38%	65.57%	71.60%	69.85%	49.72%
Operating Margin	21.63%	23.16%	-7.92%	43.93%	116.32%	-14.81%
Profit Margin	11.64%	7.11%	-8.60%	36.78%	105.53%	-300.46%
Free Cash Flow Margin	16.44%	17.84%	8.83%	27.89%	25.94%	8.68%
EBITDA	2,038	2,179	1,696	1,387	2,327	389.18
EBITDA Margin	64.45%	65.45%	62.52%	59.63%	152.18%	47.94%
D&A For EBITDA	1,354	1,408	1,911	365.23	548.36	509.37
EBIT	683.98	770.86	-214.82	1,022	1,779	-120.19
EBIT Margin	21.63%	23.16%	-7.92%	43.93%	116.32%	-14.81%
Effective Tax Rate	26.57%	36.62%	-	3.96%	4.79%	-
Revenue as Reported	3,162	3,329	2,713	2,326	1,529	811.74

Updated May 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q