Baytex Energy
Produces light and heavy oil across four Western Canadian operating areas.
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Profile
Produces crude oil and natural gas liquids from the Viking, Duvernay, Peace River, and Lloydminster areas. The portfolio became focused on Western Canada after the sale of Eagle Ford operations.
Produces light oil from Viking and Duvernay and heavy oil from Peace River and Lloydminster in the Western Canadian Sedimentary Basin. The portfolio also yields natural gas liquids, while crude oil and NGLs account for most production. Light-oil and heavy-oil assets make up the Canadian portfolio following the Eagle Ford disposition. These areas span distinct oil types and operating regions.
Long-established operating teams develop and operate these oil assets. Past operations have been affected by commodity-price volatility and temporary wildfire-related curtailments. Field operations, commodity prices, and reserve and asset valuation assumptions shape the business.
Company facts
Key statistics
Year to date +43.6% · Average volume (30d) 14.4M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.08 | $0.17 | +112.5% | $218.1M | $450.5M | +106.6% | +7.04% |
| May 7, 2026Q1 FY26 | $0.01 | −$0.08 | −900.0% | $228.0M | $325.6M | +42.8% | −0.62% |
| Mar 5, 2026Q4 FY25 | $0.02 | −$0.31 | −1,650.0% | $544.3M | $552.5M | +1.5% | −0.75% |
| Oct 30, 2025Q3 FY25 | $0.01 | $0.03 | +200.0% | $535.2M | $665.1M | +24.3% | +6.61% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $565.9M | $512.6M | $537.7M | −$959.4M | $289.5M | $395.5M | |
| Gross profit | $153.4M | $90.1M | $119.5M | −$334.3M | $66.1M | $161.1M | |
| Operating income | $134.5M | $72.9M | $96.8M | −$141.9M | $33.5M | $146.1M | |
| Net income | $49.8M | $109.5M | $23.0M | −$616.0M | −$48.6M | $125.8M | |
| Diluted EPS | $0.06 | $0.14 | $0.03 | −$0.80 | −$0.07 | $0.17 | |
| Gross margin | 27.1% | 17.6% | 22.2% | — | 22.8% | 40.7% | |
| Operating margin | 23.8% | 14.2% | 18.0% | — | 11.6% | 36.9% |
Fiscal years (4-quarter sums)FY21 $1.10B · FY22 $1.67B · FY23 $1.95B · FY24 $2.39B · FY25 $656.8M
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $518.2M · Total debt $107.5M · Total assets $2.28B · Shareholders' equity $1.55B
Dividends
Last raised to $0.0165 from $0.0164 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jul 2 | $0.0165 | raised from $0.0164 |
| Mar 13, 2026 | Mar 13 | Apr 1 | $0.0164 | raised from $0.0163 |
| Dec 15, 2025 | Dec 15 | Jan 2 | $0.0163 | |
| Sep 15, 2025 | Sep 15 | Oct 1 | $0.0163 | cut from $0.0166 |
| Jun 13, 2025 | Jun 13 | Jul 2 | $0.0166 | raised from $0.0156 |
| Mar 14, 2025 | Mar 14 | Apr 1 | $0.0156 | cut from $0.0158 |
| Dec 13, 2024 | Dec 13 | Jan 2 | $0.0158 | cut from $0.0165 |
| Sep 16, 2024 | Sep 16 | Oct 1 | $0.0165 | raised from $0.0164 |
Ownership
Shares outstanding 751.17M · Float 695.68M · 92.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Connor, Clark & Lunn Investment Management Ltd. | 39.83M | 5.50% | 13G | May 11, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Cenovus Energy
Lloydminster thermal and conventional heavy-oil competitor
- Obsidian Energy
Peace River Clearwater and Bluesky heavy-oil developer
- Tennessee Valley Authority PARRS A 2029
Clearwater-focused northern Alberta heavy-oil producer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Baytex Energy | $4.70 | −0.84% | $3.56B | — | 13.1 | 13.5 | −30.8% |
| Cenovus Energy | $31.66 | +0.25% | $58.24B | 12.3 | 11.8 | 1.5 | +61.4% |
| Obsidian Energy | $11.43 | +0.35% | $759.9M | 56.5 | 9.6 | 2.7 | +23.7% |
| Tennessee Valley Authority PARRS A 2029 | $23.51 | −0.23% | $12.3M | — | — | 0.0 | — |
| Median | 34.4 | 10.7 | 1.5 | +42.5% |