Baytex Energy Corp. (T:BTE*CA)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 2800-520 3 Ave SW CALGARY AB T2P 0R3 |
| Tel: | 1-587-9523000 |
| Website: | https://www.baytexenergy.com |
| IR: | See website |
| Key People | ||
| Eric T. Greager President, Chief Executive Officer, Director | James Maclean Chief Legal Officer and Corporate Secretary | Chad L. Kalmakoff Chief Financial Officer |
| Chad E. Lundberg Chief Operating Officer | Kendall Douglas Arthur Senior Vice President and General Manager, Cdn. Heavy Oil Operations | Julia Gwaltney Senior Vice President and General Manager, US Eagle Ford Operations |
| Brian G. Ector Senior Vice President - Capital Markets and Investor Relations | Chris Lessoway Vice President - Finance, Treasurer | Nicole Marie Frechette Vice President and General Manager, Cdn. Light Oil Operations | Kayla D. Baird Vice President, U.S. Accounting and Corporate Services |
| Business Overview |
| Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Baytex Energy Corp revenues increased 17% to C$2.71B. Net loss totaled C$233.4M vs. income of C$855.6M. Revenues reflect United States segment increase of 72% to C$1.65B, Natural Gas Liquids (Barrels) increase of 49% to 5.9M barrels, Oil Equivalent Prod.(B/D)-US increase from 28K to 61K barrels per day. Net loss reflects Exploration and Development Costs - US increase from C$140.7M to C$549.6M. |
| Employees: | 367 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $6,696M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,713M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,691M as of Dec 31, 2023 |
| Net annual income (TTM): | -$233.36M as of Dec 31, 2023 |
| Free cash flow (TTM): | $221.23M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,385M as of Dec 31, 2023 |
| Shares outstanding: | 821,952,752 as of Mar 25, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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