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Baytex Energy Corp
TSX:BTE

Watchlist Manager
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Baytex Energy Corp
TSX:BTE
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Price: 4.635 CAD -4.04% Market Closed
Market Cap: CA$3.6B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+56%
5Y
+222%
10Y
+111%
Investing Cash Flow
+
3Y
-174%
5Y
-208%
10Y
-62%
Financing Cash Flow
+
3Y
+24%
5Y
-271%
10Y
-715%

Cash Flow Statement
Baytex Energy Corp

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Cash Flow Statement
Currency: CAD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
(137)
(128)
(117)
(109)
45
70
89
39
36
(1)
(52)
(19)
17
10
38
90
80
120
160
162
147
142
117
112
133
145
148
249
260
216
209
112
88
126
256
238
232
203
153
181
217
259
310
285
259
226
105
165
165
203
203
260
(133)
(357)
(420)
(1 083)
(1 134)
(957)
(1 017)
(539)
(485)
(475)
(379)
(348)
87
13
(55)
(18)
(325)
(251)
(114)
(126)
(13)
(2 522)
(2 739)
(2 778)
(2 439)
24
1 215
1 271
1 614
1 706
834
1 066
856
850
883
745
(233)
(299)
(409)
(351)
237
320
368
215
Depreciation & Amortization
367
369
364
350
107
108
106
108
123
137
151
162
161
163
166
167
167
162
157
155
153
156
162
175
190
199
207
217
224
229
234
232
237
230
222
215
203
212
219
232
249
264
278
287
298
304
320
323
329
339
352
450
537
622
684
675
662
630
590
546
508
489
498
498
482
468
449
475
559
636
710
746
732
728
647
573
486
407
406
426
465
503
543
560
587
612
646
822
1 048
1 226
1 403
1 440
1 386
1 362
1 331
1 303
Change in Deffered Taxes
(107)
(102)
(91)
(85)
38
51
15
11
(15)
(52)
(39)
(43)
(41)
(44)
(38)
(28)
(7)
8
(15)
(20)
(41)
(41)
(28)
(32)
(49)
(45)
(44)
(15)
15
(4)
0
(24)
(31)
(9)
(122)
(119)
(124)
(125)
11
30
52
72
130
122
108
94
32
46
60
76
82
41
81
18
(14)
(94)
(353)
(360)
(394)
(317)
(265)
(229)
(205)
(209)
(155)
(166)
(167)
(153)
(102)
(93)
(70)
(65)
(69)
(337)
(315)
(315)
(161)
128
163
172
80
7
(9)
(1)
32
115
(104)
(74)
(298)
(297)
(96)
(111)
115
118
113
100
Stock-Based Compensation
0
0
0
0
0
0
0
0
1
0
0
0
5
0
0
0
5
0
0
0
7
2
4
6
8
8
8
8
8
7
7
6
6
37
31
65
94
70
81
56
34
33
38
38
37
39
36
35
32
31
29
28
27
28
28
24
25
21
17
19
14
14
16
13
16
15
13
18
20
21
23
19
16
13
11
10
9
10
9
9
11
12
12
13
29
35
39
34
38
11
9
14
18
9
5
14
Other Non-Cash Items
17
1
51
(4)
(2)
(31)
(83)
15
(6)
48
71
30
(0)
1
(27)
(60)
(13)
(42)
(50)
(26)
16
(3)
3
(5)
13
51
86
23
(65)
(54)
(74)
(29)
38
23
43
131
163
190
129
80
65
8
(138)
(142)
(108)
(112)
93
100
82
100
98
103
381
559
622
1 180
1 330
1 081
1 088
521
14
21
(106)
(126)
(73)
29
139
139
315
290
183
211
236
2 931
2 993
2 971
2 418
(228)
(1 295)
(1 262)
(1 419)
(1 356)
(339)
(514)
(328)
(483)
(441)
(218)
1 000
1 079
1 103
982
189
171
(3)
78
Cash Taxes Paid
16
16
16
(1)
(3)
3
5
12
13
11
17
17
18
14
9
9
9
8
8
7
8
8
9
9
9
8
7
6
10
13
14
12
11
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
45
53
0
0
12
17
64
17
5
1
(46)
0
0
(1)
(1)
(0)
0
0
1
1
1
1
0
0
1
1
1
1
0
0
1
(2)
2
2
6
1
4
8
16
25
19
20
23
23
Cash Interest Paid
23
35
37
26
26
27
27
24
24
21
20
21
21
22
24
26
30
31
33
35
32
33
32
33
32
31
33
30
30
30
28
33
33
30
32
29
29
30
31
33
35
39
37
36
0
37
39
44
0
0
0
0
77
99
0
0
100
122
105
173
104
102
149
104
106
105
105
104
102
105
109
110
112
113
108
89
102
111
98
127
93
93
87
90
84
84
81
91
153
141
220
213
200
219
186
183
Change in Working Capital
28
18
13
21
(16)
(14)
(10)
(26)
(11)
(3)
(2)
5
1
(1)
(0)
0
(23)
(1)
(2)
(3)
(13)
(2)
(2)
(2)
0
(2)
(1)
(1)
37
0
0
0
(29)
0
0
0
(12)
0
0
0
(11)
0
0
23
21
0
0
(14)
3
(53)
(79)
(54)
32
120
127
143
44
32
25
3
475
458
471
454
(16)
(12)
(29)
(31)
39
(26)
20
4
(52)
60
53
86
49
(39)
(51)
(85)
(27)
(70)
(50)
(1)
26
64
7
(150)
(221)
(214)
(193)
(46)
(18)
(15)
(4)
31
Cash from Operating Activities
168
N/A
157
-7%
219
+39%
174
-21%
173
-1%
184
+7%
117
-36%
146
+24%
127
-13%
130
+2%
129
-1%
135
+5%
137
+2%
129
-6%
138
+7%
170
+23%
205
+21%
248
+21%
251
+1%
268
+7%
262
-2%
252
-4%
252
+0%
247
-2%
287
+16%
348
+21%
396
+14%
473
+19%
471
0%
386
-18%
369
-5%
290
-21%
303
+4%
369
+22%
400
+8%
464
+16%
461
-1%
479
+4%
512
+7%
523
+2%
572
+9%
603
+6%
580
-4%
574
-1%
577
+1%
521
-10%
559
+7%
621
+11%
639
+3%
665
+4%
657
-1%
800
+22%
897
+12%
964
+7%
1 000
+4%
820
-18%
549
-33%
426
-22%
293
-31%
214
-27%
247
+16%
264
+7%
279
+6%
268
-4%
325
+21%
332
+2%
336
+1%
413
+23%
485
+18%
555
+14%
728
+31%
769
+6%
835
+9%
860
+3%
638
-26%
537
-16%
353
-34%
292
-17%
438
+50%
523
+19%
712
+36%
790
+11%
979
+24%
1 110
+13%
1 173
+6%
1 159
-1%
991
-14%
1 125
+13%
1 296
+15%
1 495
+15%
1 808
+21%
1 914
+6%
1 908
0%
1 956
+2%
1 805
-8%
1 727
-4%
Investing Cash Flow
Capital Expenditures
(337)
(332)
(147)
(143)
(182)
(203)
(219)
(232)
(186)
(154)
(111)
(199)
(295)
(294)
(311)
(291)
(202)
(218)
(213)
(139)
(134)
(134)
(372)
(380)
(395)
(401)
(179)
(262)
(274)
(271)
(259)
(262)
(297)
(312)
(344)
(273)
(262)
(324)
(369)
(374)
(445)
(464)
(470)
(509)
(569)
(596)
(660)
(679)
(558)
(562)
(545)
(656)
(790)
(765)
(710)
(604)
(523)
(456)
(384)
(298)
(225)
(306)
(354)
(376)
(398)
(329)
(324)
(404)
(498)
(558)
(588)
(587)
(557)
(580)
(482)
(359)
(283)
(189)
(240)
(318)
(316)
(386)
(422)
(495)
(524)
(604)
(678)
(926)
(1 056)
(1 272)
(1 445)
(1 338)
(1 314)
(1 271)
(1 285)
(1 307)
Other Items
37
107
39
109
74
169
205
140
131
(34)
(31)
(19)
10
11
21
17
50
54
53
55
1
(2)
(9)
(1)
(8)
(4)
6
8
20
1
(8)
(5)
(7)
7
(55)
(73)
(65)
(160)
(95)
(154)
(75)
48
344
401
280
355
82
64
102
31
(1 844)
(1 509)
(1 577)
(1 695)
148
(160)
(75)
(21)
(78)
(67)
(67)
(27)
53
65
46
46
46
92
35
(9)
(15)
(97)
(61)
(11)
(55)
(44)
(32)
(42)
20
22
5
33
9
42
35
28
(612)
(580)
(456)
(397)
255
187
35
36
29
68
Cash from Investing Activities
(299)
N/A
(224)
+25%
(107)
+52%
(34)
+68%
(108)
-218%
(34)
+69%
(14)
+59%
(92)
-556%
(55)
+41%
(188)
-244%
(142)
+25%
(218)
-54%
(285)
-30%
(284)
+0%
(290)
-2%
(274)
+6%
(151)
+45%
(164)
-8%
(160)
+2%
(84)
+48%
(133)
-58%
(136)
-2%
(382)
-181%
(381)
+0%
(403)
-6%
(405)
0%
(173)
+57%
(255)
-47%
(254)
+0%
(270)
-6%
(267)
+1%
(267)
0%
(304)
-14%
(305)
0%
(400)
-31%
(346)
+13%
(328)
+5%
(485)
-48%
(464)
+4%
(527)
-14%
(520)
+1%
(416)
+20%
(126)
+70%
(109)
+14%
(289)
-166%
(241)
+17%
(579)
-140%
(615)
-6%
(457)
+26%
(531)
-16%
(2 389)
-350%
(2 165)
+9%
(2 366)
-9%
(2 460)
-4%
(562)
+77%
(764)
-36%
(598)
+22%
(477)
+20%
(462)
+3%
(364)
+21%
(292)
+20%
(332)
-14%
(301)
+9%
(312)
-3%
(353)
-13%
(283)
+20%
(279)
+2%
(311)
-12%
(463)
-49%
(567)
-22%
(603)
-6%
(684)
-13%
(618)
+10%
(591)
+4%
(537)
+9%
(403)
+25%
(315)
+22%
(231)
+27%
(220)
+5%
(296)
-35%
(311)
-5%
(353)
-14%
(413)
-17%
(453)
-10%
(489)
-8%
(577)
-18%
(1 291)
-124%
(1 506)
-17%
(1 512)
0%
(1 669)
-10%
(1 189)
+29%
(1 151)
+3%
(1 279)
-11%
(1 235)
+3%
(1 255)
-2%
(1 239)
+1%
Financing Cash Flow
Net Issuance of Common Stock
1
(1)
(0)
2
3
6
7
38
99
96
95
62
45
46
46
51
3
4
5
4
9
8
150
147
147
149
11
11
11
7
119
121
136
144
30
33
26
36
43
41
45
34
32
30
22
17
12
11
11
9
1 411
1 413
1 413
0
613
609
606
0
0
0
110
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(62)
(141)
(159)
0
(97)
(107)
(222)
(225)
(306)
(301)
(222)
(232)
(155)
(71)
Net Issuance of Debt
130
(23)
(120)
(139)
(76)
0
(100)
(90)
(90)
(90)
0
114
161
190
209
175
62
34
31
(58)
4
17
118
129
114
57
(78)
(59)
(33)
74
(26)
29
18
(47)
146
50
48
195
136
198
150
24
71
(46)
(59)
(37)
(34)
63
107
145
1 475
1 082
1 138
1 149
(822)
(445)
(440)
(478)
148
84
(61)
(40)
(85)
(67)
25
(51)
(61)
(56)
(21)
13
(124)
(130)
(212)
(269)
(101)
(134)
(44)
(61)
(216)
(227)
(402)
(437)
(504)
(512)
(517)
(417)
416
552
569
479
(192)
(394)
(355)
(421)
(355)
(355)
Cash Paid for Dividends
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(156)
(204)
(260)
(314)
(209)
(215)
(217)
(221)
(231)
(238)
(241)
(250)
(278)
(307)
(287)
(263)
(200)
(110)
(70)
(27)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(19)
(38)
(56)
(74)
(73)
(72)
(71)
(70)
(70)
Other
0
8
8
9
12
11
10
10
(32)
(58)
(85)
(113)
(112)
(114)
(120)
(123)
(116)
(123)
(89)
(130)
(142)
(142)
(176)
(142)
(142)
(148)
(155)
(171)
(195)
(197)
(194)
(171)
(143)
(161)
(175)
(202)
(217)
(222)
(228)
(80)
(35)
13
68
(36)
(36)
(37)
(39)
(44)
(43)
(44)
(844)
(848)
(793)
0
(31)
(27)
(10)
0
0
0
0
0
0
0
0
0
0
(0)
(1)
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
(2)
0
0
(26)
(43)
(1)
(30)
2
(19)
(20)
3
(4)
Cash from Financing Activities
131
N/A
(16)
N/A
(111)
-605%
(128)
-15%
(61)
+53%
(8)
+88%
(84)
-1 015%
(42)
+50%
(23)
+45%
(52)
-125%
10
N/A
62
+554%
94
+51%
122
+30%
136
+12%
103
-25%
(51)
N/A
(85)
-65%
(53)
+37%
(184)
-246%
(129)
+30%
(116)
+10%
92
N/A
134
+45%
120
-10%
57
-52%
(223)
N/A
(218)
+2%
(218)
+0%
(116)
+47%
(100)
+14%
(22)
+78%
11
N/A
(64)
N/A
1
N/A
(119)
N/A
(143)
-21%
9
N/A
(49)
N/A
3
N/A
(44)
N/A
(189)
-330%
(143)
+24%
(260)
-82%
(287)
-10%
(275)
+4%
(282)
-3%
(201)
+29%
(163)
+19%
(131)
+20%
1 793
N/A
1 368
-24%
1 450
+6%
1 497
+3%
(503)
N/A
(61)
+88%
47
N/A
49
+4%
172
+254%
153
-11%
49
-68%
70
+43%
25
-64%
43
+72%
25
-42%
(51)
N/A
(61)
-19%
(57)
+7%
(22)
+61%
12
N/A
(125)
N/A
(130)
-4%
(212)
-63%
(269)
-27%
(101)
+62%
(134)
-33%
(44)
+67%
(61)
-38%
(216)
-255%
(227)
-5%
(402)
-77%
(437)
-9%
(567)
-30%
(653)
-15%
(678)
-4%
(576)
+15%
319
N/A
400
+25%
266
-34%
197
-26%
(602)
N/A
(765)
-27%
(668)
+13%
(744)
-11%
(578)
+22%
(499)
+14%
Change in Cash
Effect of Foreign Exchange Rates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
(1)
(1)
(1)
(0)
(0)
0
0
(0)
(7)
(7)
(8)
(9)
(2)
(2)
(1)
0
1
2
2
2
2
1
(2)
(2)
(2)
(2)
1
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Change in Cash
0
N/A
(83)
N/A
0
N/A
12
N/A
4
-65%
143
+3 376%
20
-86%
12
-40%
50
+324%
(110)
N/A
(4)
+97%
(22)
-514%
(54)
-150%
(33)
+39%
(16)
+51%
(2)
+89%
2
N/A
0
N/A
37
N/A
0
N/A
0
N/A
0
N/A
(37)
N/A
0
N/A
3
+3 100%
0
N/A
0
N/A
0
N/A
(0)
N/A
1
N/A
2
+138%
2
-5%
10
+461%
(0)
N/A
1
N/A
(1)
N/A
(10)
-1 357%
3
N/A
(1)
N/A
(1)
N/A
8
N/A
(1)
N/A
311
N/A
198
-36%
(6)
N/A
(3)
+55%
(310)
-11 385%
(197)
+36%
17
N/A
2
-87%
61
+2 668%
3
-95%
(17)
N/A
3
N/A
(63)
N/A
(3)
+95%
(1)
+73%
(5)
-463%
0
N/A
1
+167%
2
+200%
3
+4%
2
-24%
(0)
N/A
(3)
-575%
(2)
+19%
(3)
-55%
45
N/A
(0)
N/A
(0)
N/A
(0)
-100%
(45)
-22 500%
6
N/A
0
N/A
(0)
N/A
(0)
N/A
(6)
-5 500%
(0)
+98%
1
N/A
0
N/A
0
N/A
0
N/A
(1)
N/A
4
N/A
5
+24%
6
+18%
20
+205%
19
-1%
50
+158%
23
-55%
16
-28%
(3)
N/A
(39)
-1 415%
(23)
+41%
(29)
-24%
(11)
+62%
Free Cash Flow
Free Cash Flow
(168)
N/A
(174)
-4%
72
N/A
31
-57%
(9)
N/A
(19)
-104%
(102)
-430%
(86)
+15%
(59)
+32%
(24)
+59%
18
N/A
(64)
N/A
(158)
-146%
(165)
-4%
(173)
-4%
(121)
+30%
3
N/A
30
+881%
38
+25%
129
+241%
128
-1%
118
-8%
(120)
N/A
(132)
-10%
(108)
+18%
(53)
+51%
217
N/A
211
-3%
197
-6%
116
-41%
110
-5%
29
-74%
6
-79%
57
+853%
55
-3%
192
+246%
199
+4%
155
-22%
143
-8%
149
+4%
127
-15%
139
+10%
110
-21%
64
-42%
8
-87%
(75)
N/A
(101)
-36%
(58)
+43%
80
N/A
103
+28%
112
+9%
144
+28%
108
-25%
199
+85%
290
+46%
217
-25%
26
-88%
(30)
N/A
(92)
-204%
(84)
+9%
23
N/A
(42)
N/A
(75)
-79%
(108)
-44%
(73)
+33%
3
N/A
12
+300%
9
-25%
(13)
N/A
(3)
+74%
140
N/A
182
+30%
278
+53%
280
+1%
156
-44%
178
+14%
71
-60%
103
+46%
198
+93%
205
+3%
397
+94%
404
+2%
557
+38%
615
+10%
649
+5%
554
-15%
313
-44%
199
-36%
240
+20%
223
-7%
363
+63%
576
+59%
594
+3%
685
+15%
520
-24%
420
-19%

See Also

Summary
BTE intrinsic value, competitors valuation, and company profile.
DCF Valuation
BTE stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BTE stock valuation using valuation multiples.
Wall Street Estimates
BTE price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BTE stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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