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BTEBaytex Energy Corp.
$4.01$3.0B
Overview & Verdict
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BTE logoBaytex Energy Corp.(BTE)Earnings, Financials & Key Ratios

BTE•NYSE
$4.01
Price updated Jul 7, 2026
SectorEnergyIndustryOil & Gas E&PSub-IndustryCanadian oil sands and heavy oil producers
AboutBaytex 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.Show more
  • Revenue$1.48B-8.2%
  • EBITDA$730M-14.9%
  • Net Income-$603M-355.2%
  • EPS (Diluted)-0.78-360.0%
  • Gross Margin21.49%-18.9%
  • EBITDA Margin49.32%-7.2%
  • Operating Margin15.28%-31.0%
  • Net Margin-40.77%-377.9%
  • ROE-18.4%-411.1%

BTE Price & Volume

Baytex Energy Corp. (BTE) stock price & volume — 10-year historical chart

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Deleveraging Progress Masks Persistent Operational Margin Volatility

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Contracting
Profitability:Negative
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Commodity price volatility exposure

Key Thesis Takeaways

  • Baytex Energy has successfully transformed its capital structure by reducing total debt from $2.4 billion in 2023Q4 to $146.2 million in 2026Q1, providing a significantly improved liquidity buffer.
  • However, the company faces ongoing challenges with structural margin pressure, evidenced by a 22.8% gross margin in 2026Q1 and high capital intensity with a 38.2% CapEx/Revenue ratio.
  • Investors should monitor whether the aggressive $178.2 million share repurchase program in 2026Q1 remains sustainable given the recent negative free cash flow of $29.6 million.

Verdict Logic

while the balance sheet is significantly healthier with a 0.05 debt-to-equity ratio, the company's negative free cash flow of $29.6 million in 2026Q1 warrants caution regarding the sustainability of current capital returns.

BTE Growth Metrics

Baytex Energy Corp. (BTE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.26%
5 Years12.71%
3 Years-13.74%
TTM-84.16%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-331.49%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-338.96%

Return on Capital

10 Years4.76%
5 Years10.89%
3 Years6.83%
Last Year4.43%

BTE Recent Earnings

Baytex Energy Corp. (BTE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.08-900.0%
$0.01
Rev
$326M+42.8%
$228M
Q2 2026
Mar 5, 2026
Metric
Actual
Est
EPS
$0.31-1650.0%
$0.02
Rev
$553M+1.5%
$544M
Q2 2026
Mar 4, 2026
Metric
Actual
Est
EPS
$0.31-1650.0%
$0.02
Rev
$553M+1.7%
$544M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$0.03+200.0%
$0.01
Rev
$665M+24.3%
$535M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.08vs $0.01-900.0%
$326Mvs $228M+42.8%
Q2 2026Mar 5, 2026
$0.31vs $0.02-1650.0%
$553Mvs $544M+1.5%
Q2 2026Mar 4, 2026
$0.31vs $0.02-1650.0%
$553Mvs $544M+1.7%
Q4 2025Oct 30, 2025
$0.03vs $0.01+200.0%
$665Mvs $535M+24.3%
Based on last 12 quarters of dataView full earnings history →

Latest BTE News

Recent stock market news and headlines for Baytex Energy Corp. (BTE)

Newsfile Corp·Jun 26, 2026
Baytex Announces Renewal of Normal Course Issuer Bid

Calgary, Alberta--(Newsfile Corp. - June 26, 2026) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "company") is pleased to announce that the Toronto Stock Exchange ("TSX") has accepted the company's notice of intention to renew its normal course issuer bid ("NCIB"). The renewed NCIB allows Baytex to purchase up to 70,899,359 common shares during the 12-month period commencing July 2, 2026 and ending July 1, 2027 or such earlier time as the NCIB is completed or terminated at the option of Baytex.

Peers Comparison

Key metrics vs top competitors for Baytex Energy Corp. (BTE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BTE logoBTEBaytex Energy Corp.Current
$4.01$2.97B-7.31-8.2%-40.77%-18.4%1.58%
CVE logoCVECenovus Energy Inc.
$25.21$47.48B16.66-13.98%9.4%15.22%—
MEG logoMEGMontrose Environmental Group, Inc.
$15.64$565.7M-111.7119.26%0.71%1.26%—
CIVI logoCIVICivitas Resources, Inc.
$27.38$2.34B3.2449.76%13.56%9.55%—
VTLE logoVTLEVital Energy, Inc.
$17.92$693.32M-3.7826.15%-69.28%-74.84%—
SM logoSMSM Energy Company
$27.92$3.21B4.9518.07%3.45%2.49%—

Compare BTE vs Peers

Baytex Energy Corp. (BTE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CVE

Most directly comparable listed peer for BTE.

Scale Benchmark

vs XOM

Larger-name benchmark to compare BTE against a more recognizable public peer.

Peer Set

Compare Top 5

vs CVE, MEG, CIVI, VTLE

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BTE Frequently Asked Questions

Baytex Energy Corp. (BTE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Baytex Energy Corp.'s revenue?

Baytex Energy Corp. (BTE) reported $528.8M in revenue for fiscal year 2025. This represents a 3268% increase from $15.7M in 1996.

How fast is Baytex Energy Corp. growing?

Baytex Energy Corp. (BTE) saw revenue decline by 8.2% over the past year.

Is BTE profitable?

Baytex Energy Corp. (BTE) reported a net loss of $739.6M for fiscal year 2025.

Dividend & Returns
Does BTE pay dividends?

Yes, Baytex Energy Corp. (BTE) pays a dividend with a yield of 1.58%. This makes it attractive for income-focused investors.

What is BTE's return on equity?

Baytex Energy Corp. (BTE) has a return on equity (ROE) of -18.4%. Negative ROE indicates the company is unprofitable.

What is Baytex Energy Corp.'s free cash flow?

Baytex Energy Corp. (BTE) generated $192.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in BTE back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →