Baytex Energy (TSE:BTE) Full Year 2024 Results

Key Financial Results

• Revenue: CA$3.33b (up 23% from FY 2023).
• Net income: CA$236.6m (up from CA$233.4m loss in FY 2023).
• Profit margin: 7.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: CA$0.29 (up from CA$0.33 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Baytex Energy Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) missed analyst estimates by 33%.

The primary driver behind last 12 months revenue was the United States (U.S.) segment contributing a total revenue of CA$1.72b (52% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CA$1.39b (68% of total expenses). Explore how BTE's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.9%.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 11% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Baytex Energy (at least 1 which can't be ignored), and understanding them should be part of your investment process.

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