Baytex Energy Corp
TSX:BTE
Gross Margin
Baytex Energy Corp
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| CA |
|
Baytex Energy Corp
TSX:BTE
|
2.2B CAD |
81%
|
|
| US |
|
Conocophillips
NYSE:COP
|
117.5B USD |
48%
|
|
| CN |
C
|
CNOOC Ltd
SSE:600938
|
715.6B CNY |
49%
|
|
| CA |
|
Canadian Natural Resources Ltd
TSX:CNQ
|
90.4B CAD |
50%
|
|
| US |
|
EOG Resources Inc
NYSE:EOG
|
64.3B USD |
61%
|
|
| US |
|
Hess Corp
NYSE:HES
|
46.1B USD |
78%
|
|
| US |
P
|
Pioneer Natural Resources Co
LSE:0KIX
|
46B USD |
51%
|
|
| US |
|
Diamondback Energy Inc
NASDAQ:FANG
|
41.5B USD |
71%
|
|
| US |
V
|
Venture Global Inc
NYSE:VG
|
35.7B USD |
67%
|
|
| AU |
|
Woodside Energy Group Ltd
ASX:WDS
|
51.3B AUD |
43%
|
|
| US |
|
EQT Corp
NYSE:EQT
|
30.8B USD |
73%
|
Baytex Energy Corp
Glance View
Baytex Energy Corp. emerged as a compelling player in the North American energy landscape, rooted in the transformative boom of the oil sands and shale gas development. Originally founded in the early 1990s, Baytex evolved with a focus on the acquisition, development, and production of oil and natural gas in key resource plays across Alberta and Saskatchewan in Canada, as well as Texas in the United States. Its portfolio uniquely positions the company across diverse assets, with Canadian operations traditionally centered on heavy oil production while the U.S. operations capitalize on the prolific Eagle Ford shale formation, known for its high-quality light oil and natural gas liquids. This dual-geography strategy underpins Baytex’s operational flexibility and resilience, navigating fluctuating commodity prices through a balanced production mix and strategic hedging. The company generates revenue by selling crude oil, natural gas, and natural gas liquids, primarily to producers, processors, and marketers within the energy ecosystem. By leveraging advanced extraction technologies and strategic capital investments, Baytex optimizes resource recovery and reduces operational costs. It aims to maintain competitive production metrics and diversify its asset base to bolster financial stability. Baytex also emphasizes disciplined capital allocation and debt management, striving to return value to shareholders. Such efforts include focusing on free cash flow generation and periodically reviewing its portfolio to ensure alignment with market opportunities and long-term sustainability goals. In essence, Baytex maneuvers through the complexities of the energy markets by aligning its operations with strategic production targets and effective financial oversight, ensuring its standing as a robust mid-tier energy producer.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Baytex Energy Corp's most recent financial statements, the company has Gross Margin of 81.2%.
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