Baytex Energy (BTE) Operating Margin (2017 - 2023)
Baytex Energy's (BTE) quarterly Operating Margin came in at 60.07% in Q4 2023, down 5373.0% year-on-year from 1.14% in Q4 2022, and down 29.36% quarter-over-quarter from 85.03% in Q3 2023.
Baytex Energy (BTE) Operating Margin (2017 - 2023) Analysis & Trends
Baytex Energy has disclosed Operating Margin across 4 years of filings, most recently posting 60.07% for Q4 2023.
- Operating Margin for Q4 2023 came in at 60.07%, down 5373.0% year-over-year; the trailing twelve-month figure through Dec 2023 was 56.16% (changed N/A YoY), and the FY2025 annual result was 68.06%, up 8529.0% from the prior year.
- Operating Margin came in at 60.07% for Q4 2023 at Baytex Energy, down from 85.03% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 126.94% in Q4 2019 to a low of 38.25% in Q1 2023.
- The 3-year median for Operating Margin is 85.03% (2023), against an average of 84.82%.
- Peak annual rise in Operating Margin reached 5373 bps in 2023, while the deepest fall reached 5373 bps in 2023.
- Baytex Energy's Operating Margin stood at 126.94% in 2019, then declined by 10 bps to 113.79% in 2022, then tumbled by 47 bps to 60.07% in 2023.
- The last three Operating Margin figures came in at 60.07% (Q4 2023), 85.03% (Q3 2023), and 38.25% (Q1 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 72.10% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 45.70% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 37.54% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 71.82% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 2.74% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 24.92% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 60.26% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 71.27% |
| 10 | Baytex Energy | 308.45 | -552.64 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 60.07% |
| Sep 30, 2023 | 85.03% |
| Mar 31, 2023 | 38.25% |
| Dec 31, 2022 | 113.79% |
| Dec 31, 2019 | 126.94% |
| Dec 31, 2017 | 120.51% |