Baytex Energy Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Baytex Energy (TSE:BTE) Full Year 2023 Results

Key Financial Results

• Revenue: CA$2.71b (up 17% from FY 2022).
• Net loss: CA$233.4m (down by 127% from CA$855.6m profit in FY 2022).
• CA$0.33 loss per share (down from CA$1.53 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Baytex Energy Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 5.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Baytex Energy (1 doesn't sit too well with us!) that you should be aware of.

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