Overview
Baytex engages in the acquisition, development, and production of crude oil and natural gas in North America, primarily in the Western Canadian Sedimentary Basin and in the Eagle Ford in the US. In Canada, it owns heavy oil assets (Peace River, Lloydminster), plus conventional oil and natural gas assets to the west of the country. The company has an average production of some 122.2 boe/d, and a proved or probable reserve of approximately 526.8 mboe.
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Read More Some 55% of the company's total revenue comes from Canada.
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Read More Some 55% of the company's total revenue comes from Canada.
Read Less
Eric T. Greager
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Oil and Gas Extraction
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Mining, Quarrying, and Oil and Gas Extraction
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Natural gas production
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Crude petroleum production
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Actual
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Actual
$3.06 billion
Actual
24.43%
$7,759
DEC
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Toronto:BTE
Contacts
Get in Touch with 15 Principals* and 79 Contacts
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Eric T. GreagerPresident
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2024
$3.06 billion
USD
Actual
1 USD = 1.3736 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,389 | $943 | $854 |
| Net Investing Cash | -$931 | -$1,100 | -$356 |
| Net Financing Cash | -$486 | $194 | -$494 |
| Net Change in Cash | -$29 | $37 | $4 |
| Cash at Beginning of Period | $41 | $4 | $ |
| Cash at End of Period | $12 | $41 | $4 |
| Capital Expenditure | -$957 | -$769 | -$382 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $12 | $41 | $4 |
| Accounts Receivable | $282 | $247 | $162 |
| Inventories | $ | $ | $ |
| Other Current Assets | $33 | $33 | $12 |
| Asset Summary | |||
| Total Current Assets | $327 | $320 | $178 |
| Tangible Fixed Assets | $5,151 | $4,911 | $3,496 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $7,760 | $7,461 | $5,104 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $373 | $347 | $165 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $45 | $59 | $45 |
| Liability Summary | |||
| Total Current Liabilities | $418 | $406 | $210 |
| Long-Term Debt | $1,643 | $1,755 | $678 |
| Other Long-Term Liabilities | $15 | $14 | $ |
| Total Liabilities | $2,613 | $2,647 | $1,509 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $4,468 | $4,752 | $4,004 |
| Retained Earnings | -$2,491 | -$2,611 | -$2,414 |
| Equity Summary | |||
| Total Equity | $3,037 | $2,785 | $2,206 |
| Shares Outstanding | 773,590,000 | 821,680,619 | 544,930,072 |