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
DateValue
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%