Baytex Energy (BTE) Research & Development (2010 - 2026)
Baytex Energy's Research & Development came in at $35,717 for the quarter ended Sep 30, 2026, down 61.3% from $92,283 a year earlier and down 93.9% from the prior quarter.
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Analysis
Baytex Energy (BTE) Research & Development (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Baytex Energy reported Research & Development of $4.58 million, up 783.7% year-over-year; for the year ended Dec 31, 2025, it was $3.96 million, up 596.1% from the prior year.
- Research & Development carries a five-year compound annual growth rate of -17.7% (years ended Dec 2020 to Dec 2025).
- Going back by year, Research & Development was $568,981 in the year ended Dec 31, 2024 (-91.4%), $6.59 million in the year ended Dec 31, 2023 (-71.7%), $23.26 million in the year ended Dec 31, 2022 (+91.6%) and $12.14 million in the year ended Dec 31, 2021 (+16.1%).
- The figure for the quarter ended Sep 30, 2026 represents the lowest quarterly Research & Development since the quarter ended Dec 31, 2024.
- Year-over-year, Research & Development increased in four of the last seven quarters, with growth averaging 135.5%.
- The fastest year-over-year change in Research & Development over five years came in the quarter ended Mar 31, 2026 (growth of 550.3%), and the weakest in the quarter ended Dec 31, 2024 (a decline of 99.6%).
- Business Quant data shows BTE's Research & Development at $585,569 (quarter ended Jun 30, 2026), $484,922 (quarter ended Mar 31, 2026) and $3.47 million (quarter ended Dec 31, 2025) in the three quarters before the quarter ended Sep 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 116.00 Mn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 259.00 Mn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 134.00 Mn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 60.00 Mn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 311.00 Mn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | - |
| 10 | Baytex Energy | 3.34 Bn | 1.13 Bn | - | 35,716.96 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 35,716.96 |
| Jun 30, 2026 | 585,569.47 |
| Mar 31, 2026 | 484,921.79 |
| Dec 31, 2025 | 3.47 Mn |
| Sep 30, 2025 | 92,282.65 |
| Jun 30, 2025 | 329,822.61 |
| Mar 31, 2025 | 74,570.06 |
| Dec 31, 2024 | 21,475.47 |
| Sep 30, 2024 | 60,110.38 |
| Jun 30, 2024 | 474,510.22 |
| Mar 31, 2024 | 13,358.04 |
| Dec 31, 2023 | 5.84 Mn |
| Sep 30, 2023 | 305,085.56 |
| Jun 30, 2023 | 274,702.96 |
| Mar 31, 2023 | 120,570.51 |
| Dec 31, 2022 | 9.50 Mn |
| Sep 30, 2022 | 5.03 Mn |
| Jun 30, 2022 | 5.66 Mn |
| Mar 31, 2022 | 2.82 Mn |
| Dec 31, 2021 | 3.57 Mn |
API Access
Baytex Energy Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=BTE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "BTE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=BTE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();