Baytex Energy (BTE) Gross Margin (2017 - 2023)

Baytex Energy's (BTE) quarterly Gross Margin came in at 44.59% in Q4 2023, down 5312.0% year-on-year from 0.86% in Q4 2022, and down 55.41% quarter-over-quarter from 100.0% in Q3 2023.

Baytex Energy (BTE) Gross Margin (2017 - 2023) Analysis & Trends

Baytex Energy has disclosed Gross Margin across 4 years of filings, most recently posting 44.59% for Q4 2023.

  • Gross Margin for Q4 2023 came in at 44.59%, down 5312.0% year-over-year; the trailing twelve-month figure through Dec 2023 was 66.03% (changed N/A YoY), and the FY2025 annual result was 87.9%, up 410.0% from the prior year.
  • Gross Margin came in at 44.59% for Q4 2023 at Baytex Energy, down from 100.0% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 100.0% in Q3 2023 to a low of 44.59% in Q4 2023.
  • The 3-year median for Gross Margin is 97.34% (2019), against an average of 86.69%.
  • Peak annual rise in Gross Margin reached 5312 bps in 2023, while the deepest fall reached 5312 bps in 2023.
  • Baytex Energy's Gross Margin stood at 97.34% in 2019, then increased by 0 bps to 97.72% in 2022, then plunged by 54 bps to 44.59% in 2023.
  • The last three Gross Margin figures came in at 44.59% (Q4 2023), 100.0% (Q3 2023), and 93.79% (Q1 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Woodside Energy 630.08 Bn 624.14 Bn - -
2 Canadian Natural Resources 388.31 Bn 388.31 Bn 6.72 Bn 85.25%
3 Conocophillips 142.98 Bn 136.61 Bn 9.48 Bn 60.14%
4 Eog Resources 72.93 Bn 69.08 Bn - -
5 Occidental Petroleum 55.91 Bn 52.73 Bn 4.87 Bn 93.19%
6 Diamondback Energy 54.95 Bn 61.11 Bn 4.22 Bn 99.43%
7 Vista Energy, S.A.B. de C.V 35.18 Bn 34.56 Bn 472.36 Mn 54.61%
8 Eqt 32.94 Bn 36.28 Bn 2.98 Bn 88.15%
9 Vermilion Energy 31.24 Bn 31.05 Bn 370.10 Mn 98.87%
10 Baytex Energy 308.45 -552.64 Mn - -

Historic Data

Download Data
DateValue
Dec 31, 2023 44.59%
Sep 30, 2023 100.00%
Mar 31, 2023 93.79%
Dec 31, 2022 97.72%
Dec 31, 2019 97.34%
Dec 31, 2017 97.47%