In This Article:
Baytex Energy (TSE:BTE) Third Quarter 2024 Results
Key Financial Results
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Revenue: CA$850.8m (down 7.8% from 3Q 2023).
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Net income: CA$185.2m (up 45% from 3Q 2023).
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Profit margin: 22% (up from 14% in 3Q 2023).
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EPS: CA$0.23 (up from CA$0.15 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Baytex Energy EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 21%.
Looking ahead, revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 1.8%.
Performance of the Canadian Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Baytex Energy that we have uncovered.
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