Baytex Energy Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

editorial-team@simplywallst.com (Simply Wall St)

Sun, Mar 9, 2025, 6:56 AM 1 min read

Baytex Energy (TSE:BTE) Full Year 2024 Results

Key Financial Results

Revenue: CA$3.33b (up 23% from FY 2023).
Net income: CA$236.6m (up from CA$233.4m loss in FY 2023).
Profit margin: 7.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
EPS: CA$0.29 (up from CA$0.33 loss in FY 2023).

revenue-and-expenses-breakdown — TSX:BTE Revenue and Expenses Breakdown March 9th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Baytex Energy Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) missed analyst estimates by 33%.

The primary driver behind last 12 months revenue was the United States (U.S.) segment contributing a total revenue of CA$1.72b (52% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CA$1.39b (68% of total expenses). Explore how BTE's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.9%.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 11% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Baytex Energy (at least 1 which can't be ignored), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.