Baytex Energy (BTE) Financial Statements & Analysis

Baytex Energy (BTE) Income Statement

Baytex Energy reported revenue of CAD 1.48B in fiscal 2025 (fiscal year ended Dec 31, 2025), down 21.0% from CAD 1.87B a year earlier. Baytex Energy posted a net loss of CAD 603.78M, compared with net income of CAD 236.60M a year earlier. Gross margin was 21.5% and operating margin 15.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CAD 639.94M, up 55.7% from the same quarter a year earlier.

Baytex Energy Income Statement Analysis

Values in billions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Baytex Energy Corp. income statement - Annual data in billions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	1.48	1.87	3.38	2.33	1.87	0.98	1.81	1.43	1.09
Cost of Revenue	1.16	1.34	2.51	0.66	1.23	1.06	1.56	1.29	1.08
Gross Profit	0.32	0.53	0.87	1.67	0.64	-0.08	0.24	0.14	0.01
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.09	0.07	0.11	0.05	0.05	0.04	0.06	0.07	0.06
Operating Expenses	0.09	0.17	0.23	0.43	0.11	0.07	0.09	0.10	0.08
Operating Income	0.23	0.36	0.64	1.24	0.52	-0.15	0.16	0.04	0.06
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.09	0.10	0.11	0.11	0.00	0.00
Interest Expense	0.22	0.19	0.16	-0.09	0.09	0.11	0.11	0.10	0.10
Other Income/Expense	-0.38	-0.17	-0.99	-0.35	1.27	-2.45	-0.24	-0.47	-0.13
Income
Income Before Tax	-0.15	-0.02	-0.52	0.89	1.69	-2.60	-0.08	-0.43	-0.07
Income Tax Expense	0.12	0.08	-0.28	0.04	0.08	-0.16	-0.07	-0.10	-0.16
Net Income	-0.60	0.24	-0.23	0.86	1.61	-2.44	-0.01	-0.33	0.09
Net Income - Continuous Operations	-0.60	-0.10	-0.23	0.86	1.61	-2.44	-0.01	-0.33	0.09
Net Income - Discontinued Operations	-0.33	0.33	-	-	-	-	-	-	-
EBITDA	1.27	1.56	0.69	1.39	2.25	-1.99	0.78	0.25	0.53
EBIT	0.01	0.17	-0.36	1.02	1.79	-0.12	-	-	-
Depreciation & Amortization	1.26	1.39	1.05	0.37	0.46	0.50	0.75	0.57	0.49
Earnings Per Share
Basic EPS	-1.00	-	-	2.00	3.00	-4.00	-	-1.00	-
Diluted EPS	-1.00	-	-	2.00	3.00	-4.00	-	-1.00	-
Basic Shares Outstanding	0.77	0.80	0.70	0.56	0.56	0.56	0.56	0.35	0.23
Diluted Shares Outstanding	0.77	0.81	0.70	0.56	0.57	0.56	0.56	0.35	0.24

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Baytex Energy Financial Statements

What was Baytex Energy's revenue in fiscal 2025?

Baytex Energy reported revenue of CAD 1.48B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 21.0% from CAD 1.87B a year earlier.

Is Baytex Energy profitable?

No. Baytex Energy reported a net loss of CAD 603.78M in fiscal 2025. In fiscal 2024 it earned CAD 236.60M.

What is Baytex Energy's operating margin?

Baytex Energy's operating income was CAD 226.29M on revenue of CAD 1.48B in fiscal 2025, an operating margin of 15.3%, compared with 19.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition