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| Date | Value |
|---|---|
| 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% |