Baytex Energy Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Baytex Energy Corp reported revenue of $1.5B (-55.5% year on year) and net income of ($276.8M).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Petroleum and natural gas sales | $1.7B | $4.2B | $3.4B | $2.9B |
| Royalties | ($203.8M) | ($880.1M) | ($669.8M) | ($563.0M) |
| Revenue, net of royalties | $1.5B | $3.3B | $2.7B | $2.3B |
| Operating | $334.3M | $653.9M | $570.8M | $422.7M |
| Transportation | $83.7M | $133.1M | $89.3M | $48.6M |
| Blending and other | $235.0M | $263.9M | $224.8M | $189.5M |
| General and administrative | $67.9M | $81.7M | $69.8M | $50.3M |
| Transaction costs | $0 | $1.5M | $49.0M | — |
| Exploration and evaluation | $5.5M | $779.0K | $8.9M | $30.2M |
| Depletion and depreciation | $484.9M | $1.4B | $1.0B | $587.0M |
| Impairment | $148.0M | $0 | $833.7M | ($267.7M) |
| Share-based compensation | $24.0M | $17.9M | $37.7M | $29.1M |
| Financing and interest | $322.0M | $268.4M | $192.2M | $104.8M |
| Financial derivatives loss (gain) | $17.1M | ($2.1M) | ($24.7M) | — |
| Foreign exchange (gain) loss | ($94.0M) | $155.9M | ($10.8M) | $43.4M |
| Gain on dispositions | ($2.5M) | $1.2M | $141.3M | ($4.9M) |
| Other expense (income) | $8.0M | ($6.7M) | ($456.0K) | $3.2M |
| Total expenses | $1.6B | $3.0B | $3.2B | $1.4B |
| Net loss before income taxes from continuing operations | ($153.1M) | $373.3M | ($516.6M) | $890.9M |
| Current income tax expense | $9.7M | $21.8M | $14.4M | $3.6M |
| Deferred income tax (recovery) expense - operations | $114.0M | $114.9M | ($297.6M) | $31.7M |
| Net loss from continuing operations | ($276.8M) | — | — | — |
| Net (loss) income from discontinued operations | ($326.9M) | — | — | — |
| Net (loss) income | ($603.8M) | $236.6M | ($233.4M) | $855.6M |
| Foreign currency translation adjustment | ($213.2M) | $402.3M | ($65.3M) | $124.1M |
| Reclassification of cumulative foreign currency translation of discontinued foreign operations | ($866.7M) | — | — | — |
| Comprehensive (loss) income | ($1.7B) | $638.9M | ($298.6M) | $979.7M |
| Basic earnings (loss) per share from continuing operations (in cad per share) | -$0.36 | — | — | — |
| Basic earnings (loss) per share from discontinued operations (in cad per share) | -$0.43 | — | — | — |
| Basic (in cad per share) | -$0.78 | $0.29 | -$0.33 | $1.53 |
| Diluted earnings (loss) per share from continuing operations (in cad per share) | -$0.36 | — | — | — |
| Diluted earnings (loss) per share from discontinued operations (in cad per share) | -$0.43 | — | — | — |
| Diluted (in cad per share) | -$0.78 | $0.29 | -$0.33 | $1.52 |
| Basic (in shares) | 769.2M | 803.4M | 704.9M | 558.0M |
| Diluted (in shares) | 769.2M | 807.7M | 704.9M | 563.8M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash | $953.1M | $16.6M | $55.8M | $5.5M |
| Trade receivables | $135.2M | $387.3M | $339.4M | $228.5M |
| Prepaids and other assets | $35.0M | $20.2M | $21.5M | — |
| Financial derivatives | $28.9M | $25.6M | $23.3M | $10.1M |
| Assets held for sale | $38.1M | — | — | — |
| Total current assets | $1.2B | $449.6M | $440.0M | $244.1M |
| Exploration and evaluation assets | $133.6M | $124.4M | $90.9M | $168.7M |
| Oil and gas properties | $1.9B | $6.9B | $6.6B | $4.6B |
| Other plant and equipment | $7.6M | $8.0M | $7.9M | $6.6M |
| Lease assets | $20.8M | $22.1M | $28.1M | $6.5M |
| Prepaids and other assets | $28.2M | $56.3M | $61.7M | — |
| Deferred income tax asset | $46.3M | $178.2M | $213.1M | $57.2M |
| Total assets | $3.3B | $7.8B | $7.5B | $5.1B |
| Trade payables | $236.4M | $512.5M | $477.3M | $272.2M |
| Share-based compensation liability | $26.1M | $18.8M | $28.5M | — |
| Dividends payable | $17.3M | $17.6M | $18.4M | — |
| Financial derivatives | $2.4M | — | — | $0 |
| Liabilities related to asset held for sale | $23.7M | — | — | — |
| Lease obligations | $7.2M | $9.2M | $13.4M | $3.5M |
| Asset retirement obligations | $17.1M | $15.7M | $20.4M | $12.8M |
| Total current liabilities | $330.2M | $573.7M | $558.0M | $288.5M |
| Other long-term liabilities | $0 | $20.9M | $19.1M | — |
| Share-based compensation liability | $8.7M | $5.9M | $7.2M | — |
| Financial derivatives | $0 | $1.6M | — | — |
| Credit facilities | $1.1M | $324.3M | $848.7M | $383.0M |
| Long-term notes | $93.8M | $1.9B | $1.6B | $547.6M |
| Lease obligations | $15.8M | $15.5M | $16.1M | $3.0M |
| Asset retirement obligations | $506.7M | $625.3M | $603.0M | $576.1M |
| Deferred income tax liability | $0 | $88.6M | $21.3M | $265.9M |
| Total liabilities | $956.4M | $3.6B | $3.6B | $2.1B |
| Shareholders' capital | $6.1B | $6.1B | $6.5B | $5.5B |
| Contributed surplus | $397.7M | $361.9M | $193.1M | $89.9M |
| Accumulated other comprehensive income | $13.4M | $1.1B | $690.9M | $756.2M |
| Deficit | ($4.1B) | ($3.4B) | ($3.6B) | ($3.3B) |
| Total shareholders' equity | $2.4B | $4.2B | $3.8B | $3.0B |
| Total liabilities and shareholders' equity | $3.3B | $7.8B | $7.5B | $5.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net (loss) income | ($603.8M) | $236.6M | ($233.4M) | $855.6M |
| Unrealized foreign exchange (gain) loss | ($88.5M) | $153.9M | ($14.3M) | $45.1M |
| Exploration and evaluation | $5.5M | $779.0K | $8.9M | $30.2M |
| Depletion and depreciation | $1.3B | $1.4B | $1.0B | $587.0M |
| Impairment | $148.0M | $0 | $833.7M | ($267.7M) |
| Non-cash financing and accretion | $170.9M | $62.3M | $32.4M | $24.4M |
| Unrealized financial derivatives gain | ($2.6M) | ($654.0K) | $11.5M | ($135.5M) |
| Loss on dispositions | $508.1M | $1.2M | — | — |
| Costs of disposal | ($26.4M) | — | — | — |
| Deferred income tax expense | $112.2M | $114.9M | ($297.6M) | $31.7M |
| Asset retirement obligations settled | ($20.3M) | ($28.8M) | ($26.4M) | ($18.4M) |
| Change in non-cash working capital | $18.1M | ($17.9M) | ($220.9M) | $26.1M |
| Cash flows from operating activities | $1.5B | $1.9B | $1.3B | $1.2B |
| Decrease in credit facilities | ($334.3M) | ($539.7M) | $477.4M | ($137.0M) |
| Debt issuance costs | ($3.0M) | ($25.0M) | ($40.4M) | ($2.1M) |
| Payments on lease obligations | ($13.3M) | ($15.5M) | ($11.5M) | ($3.7M) |
| Net proceeds from issuance of long-term notes | $0 | $780.9M | $1.0B | — |
| Redemption of long-term notes | ($1.9B) | ($580.9M) | $0 | ($376.6M) |
| Repurchase of common shares | -29.4M | -222.2M | -221.9M | -159.0M |
| Dividends declared | ($69.2M) | ($72.0M) | ($37.5M) | — |
| Change in non-cash working capital | ($1.6M) | $6.2M | ($3.1M) | — |
| Cash flows used in financing activities | ($2.3B) | ($668.2M) | $266.3M | ($678.4M) |
| Additions to exploration and evaluation assets | ($930.0K) | — | $0 | ($6.4M) |
| Additions to oil and gas properties | ($1.2B) | ($1.3B) | ($1.0B) | ($515.2M) |
| Additions to other plant and equipment | ($2.3M) | ($5.4M) | ($4.4M) | ($1.1M) |
| Additions to assets held for sale | ($38.1M) | — | — | — |
| Advances received for assets held for sale | $23.3M | — | — | — |
| Property acquisitions | ($32.0M) | ($52.4M) | ($38.9M) | ($1.4M) |
| Proceeds from dispositions, net of cash disposed | $3.0B | — | — | — |
| Change in non-cash working capital | $17.8M | ($11.4M) | $46.8M | $9.4M |
| Cash flows from (used in) investing activities | $1.8B | ($1.3B) | ($1.5B) | ($489.0M) |
| Change in cash | $936.5M | ($39.2M) | $50.4M | $5.5M |
| Cash, beginning of year | $16.6M | $55.8M | $5.5M | $0 |
| Cash, end of year | $953.1M | $16.6M | $55.8M | $5.5M |
| Interest paid | $202.5M | $200.2M | $153.2M | $84.2M |
| Income taxes paid | $22.1M | $19.4M | $3.6M | $2.3M |
Baytex Energy Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.