Baytex Energy Corp. (BTE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 402.4M | -1.33B | 747.48M | 712.66M | 786.65M | 809.8M | 849.43M | 892.08M | 776.37M | 837.02M | 920.05M | 490.55M | 462.11M | 522.66M | 559.74M | 682.45M | 550.32M | 455.69M | 397.7M | 360.37M |
| Revenue Growth % | -48.85% | -264.7% | -12% | -20.11% | 1.32% | -3.25% | -7.68% | 81.85% | 68.01% | 60.15% | 64.37% | -28.12% | -16.03% | 14.7% | 40.74% | 89.37% | 73.28% | 132.17% | 87.89% | 192.95% |
| Cost of Goods Sold | 310.49M | -869.03M | 581.37M | 587.45M | 573.4M | 596.18M | 616.89M | 627.49M | 617.64M | 657.11M | 575.28M | 367.69M | 360.1M | 343.25M | 316M | 329.37M | 298.48M | 275.02M | 248.37M | 219.5M |
| COGS % of Revenue | 77.16% | 65.16% | 77.78% | 82.43% | 72.89% | 73.62% | 72.62% | 70.34% | 79.55% | 78.51% | 62.53% | 74.96% | 77.93% | 65.67% | 56.45% | 48.26% | 54.24% | 60.35% | 62.45% | 60.91% |
| Gross Profit | 91.91M | -464.72M | 166.1M | 125.21M | 213.25M | 213.62M | 232.55M | 264.59M | 158.74M | 179.91M | 344.77M | 122.85M | 102.01M | 179.41M | 243.74M | 353.08M | 251.84M | 180.67M | 149.33M | 140.86M |
| Gross Margin % | 22.84% | 34.84% | 22.22% | 17.57% | 27.11% | 26.38% | 27.38% | 29.66% | 20.45% | 21.49% | 37.47% | 25.04% | 22.07% | 34.33% | 43.55% | 51.74% | 45.76% | 39.65% | 37.55% | 39.09% |
| Gross Profit Growth % | -56.9% | -317.55% | -28.57% | -52.68% | 34.34% | 18.74% | -32.55% | 115.38% | 55.61% | 0.28% | 41.45% | -65.21% | -59.5% | -0.7% | 63.22% | 150.65% | 137.61% | 30447.26% | 2995.45% | 304.46% |
| Operating Expenses | 45.29M | -267.49M | 31.52M | 23.89M | 26.22M | 20.9M | 20.17M | 26.55M | 31.99M | 18.54M | 35.12M | 32.14M | 21.56M | 33.74M | 14.93M | 14.58M | 15.6M | 14.46M | 12.47M | 13.36M |
| OpEx % of Revenue | 11.25% | 20.06% | 4.22% | 3.35% | 3.33% | 2.58% | 2.37% | 2.98% | 4.12% | 2.21% | 3.82% | 6.55% | 4.67% | 6.46% | 2.67% | 2.14% | 2.84% | 3.17% | 3.14% | 3.71% |
| Selling, General & Admin | 45.29M | 10.33M | 31.52M | 23.89M | 26.22M | 20.9M | 20.17M | 26.55M | 31.99M | 18.54M | 35.12M | 32.14M | 21.56M | 33.74M | 14.93M | 14.58M | 15.6M | 14.46M | 12.47M | 13.36M |
| SG&A % of Revenue | 11.25% | -0.77% | 4.22% | 3.35% | 3.33% | 2.58% | 2.37% | 2.98% | 4.12% | 2.21% | 3.82% | 6.55% | 4.67% | 6.46% | 2.67% | 2.14% | 2.84% | 3.17% | 3.14% | 3.71% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 46.62M | -197.23M | 134.59M | 101.32M | 187.03M | 192.72M | 212.38M | 238.04M | 126.75M | 161.37M | 309.64M | 90.71M | 80.45M | 145.67M | 228.8M | 338.5M | 236.24M | 166.21M | 136.86M | 127.5M |
| Operating Margin % | 11.59% | 14.79% | 18.01% | 14.22% | 23.78% | 23.8% | 25% | 26.68% | 16.33% | 19.28% | 33.66% | 18.49% | 17.41% | 27.87% | 40.88% | 49.6% | 42.93% | 36.47% | 34.41% | 35.38% |
| Operating Income Growth % | -75.07% | -202.34% | -36.63% | -57.44% | 47.56% | 19.43% | -31.41% | 162.41% | 57.55% | 10.78% | 35.33% | -73.2% | -65.95% | -12.36% | 67.18% | 165.49% | 150.57% | 1656.86% | 2449.74% | 260.82% |
| EBITDA | 175.68M | -664.77M | 470.15M | 430.75M | 510.73M | 530.1M | 573.7M | 596.36M | 476.42M | 553.58M | 633.38M | 271.14M | 251.28M | 308.3M | 375.99M | 484.62M | 379.95M | 303.15M | 267.02M | 233.79M |
| EBITDA Margin % | 43.66% | 49.84% | 62.9% | 60.44% | 64.92% | 65.46% | 67.54% | 66.85% | 61.36% | 66.14% | 68.84% | 55.27% | 54.38% | 58.99% | 67.17% | 71.01% | 69.04% | 66.53% | 67.14% | 64.88% |
| EBITDA Growth % | -65.6% | -225.41% | -18.05% | -27.77% | 7.2% | -4.24% | -9.42% | 119.94% | 89.59% | 79.56% | 68.46% | -44.05% | -33.86% | 1.7% | 40.81% | 107.29% | 91.37% | 254.06% | 161.78% | 766.35% |
| D&A (Non-Cash Add-back) | 129.06M | -467.54M | 335.57M | 329.43M | 323.7M | 337.38M | 361.32M | 358.32M | 349.67M | 392.22M | 323.74M | 180.43M | 170.84M | 162.63M | 147.19M | 146.12M | 143.71M | 136.94M | 130.16M | 106.29M |
| EBIT | 46.62M | -220.8M | 134.59M | 101.32M | 187.03M | 192.72M | 212.38M | 238.04M | 126.75M | 161.37M | 309.64M | 90.71M | 80.45M | 145.67M | 228.8M | 338.5M | 236.24M | 166.21M | 136.86M | 127.5M |
| Net Interest Income | 2.24M | -94.16M | -43.87M | -44.88M | -34.46M | -18.85M | -53.18M | -61.81M | -56.34M | -59.73M | -46.4M | -22.71M | -13.97M | -15.73M | -15.42M | -23.21M | -21.12M | -22.91M | -24.53M | -24.34M |
| Interest Income | 6.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 4.23M | 94.16M | 43.87M | 44.88M | 34.46M | 18.85M | 53.18M | 61.81M | 56.34M | 59.73M | 46.4M | 22.71M | 13.97M | 15.73M | 15.42M | 23.21M | 21.12M | 22.91M | 24.53M | 24.34M |
| Other Income/Expense | -150.82M | -267.13M | -87.51M | 73.54M | -97.19M | -171.11M | 2.32M | -104.95M | -123.3M | -958.94M | -133.95M | -54.14M | -12.36M | 245.17M | 52.66M | -116.52M | -245.79M | 409.76M | -93.47M | 980.72M |
| Pretax Income | -104.2M | -464.35M | 47.07M | 174.86M | 89.83M | 21.61M | 214.7M | 133.09M | 3.44M | -797.57M | 175.69M | 36.57M | 68.09M | 390.83M | 281.46M | 221.98M | -9.55M | 575.97M | 43.39M | 1.11B |
| Pretax Margin % | -25.89% | 34.82% | 6.3% | 24.54% | 11.42% | 2.67% | 25.28% | 14.92% | 0.44% | -95.29% | 19.1% | 7.46% | 14.73% | 74.78% | 50.29% | 32.53% | -1.74% | 126.39% | 10.91% | 307.52% |
| Income Tax | -24.32M | 65.37M | 15.06M | 22.57M | 20.64M | 60.06M | 29.78M | 29.27M | 17.51M | -171.69M | 48.66M | -176.9M | 16.64M | 41.13M | 19M | 41.05M | -66.33M | 8.45M | 10.72M | 56.55M |
| Effective Tax Rate % | 23.34% | -14.08% | 31.99% | 12.91% | 22.98% | 277.96% | 13.87% | 21.99% | 508.46% | 21.53% | 27.7% | -483.73% | 24.44% | 10.52% | 6.75% | 18.49% | 694.5% | 1.47% | 24.71% | 5.1% |
| Net Income | -67.5M | -856.39M | 32.01M | 152.29M | 69.19M | -38.45M | 184.92M | 103.83M | -14.07M | -625.88M | 127.03M | 213.48M | 51.44M | 349.7M | 262.47M | 180.93M | 56.78M | 567.52M | 32.67M | 1.05B |
| Net Margin % | -16.77% | 64.21% | 4.28% | 21.37% | 8.8% | -4.75% | 21.77% | 11.64% | -1.81% | -74.78% | 13.81% | 43.52% | 11.13% | 66.91% | 46.89% | 26.51% | 10.32% | 124.54% | 8.21% | 291.83% |
| Net Income Growth % | -197.56% | -2127.23% | -82.69% | 46.68% | 591.85% | 93.86% | 45.57% | -51.36% | -127.35% | -278.97% | -51.6% | 17.99% | -9.39% | -38.38% | 703.36% | -82.8% | 260.68% | 156.03% | 239.9% | 862.75% |
| Net Income (Continuing) | -79.88M | -529.73M | 32.01M | 152.29M | 69.19M | -38.45M | 184.92M | 103.83M | -14.07M | -625.88M | 127.03M | 213.48M | 51.44M | 349.7M | 262.47M | 180.93M | 56.78M | 567.52M | 32.67M | 1.05B |
| Discontinued Operations | 1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 631.76M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.09 | -1.11 | 0.04 | 0.20 | 0.09 | -0.05 | 0.23 | 0.13 | -0.02 | -0.75 | 0.15 | 0.36 | 0.09 | 0.64 | 0.47 | 0.32 | 0.10 | 0.98 | 0.06 | 1.85 |
| EPS Growth % | -200.44% | -2207.69% | -82.61% | 53.85% | 626.32% | 93.59% | 53.33% | -63.89% | -118.21% | -217.19% | -68.09% | 12.5% | -5.63% | -34.69% | 721.68% | -82.7% | 258.19% | 151.28% | 236.84% | 840% |
| EPS (Basic) | -0.09 | -1.11 | 0.04 | 0.20 | 0.09 | -0.05 | 0.23 | 0.13 | -0.02 | -0.75 | 0.15 | 0.37 | 0.09 | 0.65 | 0.48 | 0.32 | 0.10 | 0.98 | 0.06 | 1.87 |
| Diluted Shares Outstanding | 747.16M | 769.18M | 773.16M | 772.03M | 774.26M | 800.22M | 800.22M | 818.02M | 821.71M | 834.44M | 860.57M | 588.17M | 548.08M | 551.26M | 559.17M | 571.7M | 571.65M | 576.34M | 571.65M | 569.93M |
| Basic Shares Outstanding | 747.16M | 769.18M | 768.32M | 768.72M | 771.44M | 805.3M | 805.3M | 814.15M | 821.71M | 834.44M | 855.3M | 583.37M | 545.06M | 544.93M | 553.41M | 567M | 565.34M | 575.9M | 564.21M | 564.16M |
| Dividend Payout Ratio | - | - | 54.12% | 11.36% | 24.99% | - | 9.59% | 17.49% | - | - | 15.07% | - | 2.8% | - | - | - | - | - | - | - |