Baytex Energy Management
Management criteria checks 3/4
Baytex Energy's CEO is Eric Greager, appointed in Nov 2022, has a tenure of 2.17 years. total yearly compensation is CA$3.55M, comprised of 16.2% salary and 83.8% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth $3.01M. The average tenure of the management team and the board of directors is 2.2 years and 4.5 years respectively.
Key information
Eric Greager
Chief executive officer
CA$3.5m
Total compensation
| CEO salary percentage | 16.2% |
| CEO tenure | 2.2yrs |
| CEO ownership | 0.1% |
| Management average tenure | 2.2yrs |
| Board average tenure | 4.5yrs |
Recent management updates
Recent updates
Baytex Energy: 2025 Guidance Does Not Alter My Buy Thesis
Dec 27Baytex Energy: A Look At Its Outlook For 2025
Dec 20Baytex Energy: A 'Scratch And Dent' Standout
Nov 26Baytex Energy: Post Ranger Oil Acquisition Improving Results
Nov 18Baytex Energy: Solid Operational Performance, But Vulnerable To Lower Oil Prices
Oct 17Baytex Energy: 'But The Stock Price...'
Sep 27Baytex Energy: Per Share Production Up 23%
Jul 26Baytex Energy: Narrower WCS Differentials Partially Offset Lower Oil Prices
Jun 06Baytex Energy: Some Patience Needed
May 10Baytex Energy: Projected 2024 Free Cash Flow Improves To Over US$500 Million
Mar 21Baytex Energy: One Of Best E&Ps For Oil Bulls
Mar 04Baytex Energy Is Worth Some Thought
Feb 19Baytex Energy May Be The Most Undervalued Energy Stock On My Radar
Jan 18Baytex: Downgrading To 'Buy' On Lower Oil Price Assumptions
Dec 17Baytex Energy: Solid Operational Performance, But Lowered Free Cash Flow Expectations
Dec 05Baytex Energy: Choosing Between Profits And More Profits
Nov 03Baytex Energy: Taking Advantage Of A Good Deal
Oct 04Baytex Energy: Strong Oil Prices Push Projected H2 2023 FCF Above US$400 Million
Sep 04Baytex Energy: Is The Stock Still Dirt Cheap?
Jul 28Baytex Energy: Going For More
Jul 12Baytex Energy: Leaving The Past Behind
Jun 22Baytex Energy sets 2021 capital budget above $225M, efficiency to boost 30%
Dec 02Baytex Energy: High Risk, High Reward
Nov 09Baytex Energy: Heavily Leveraged, But No Debt Maturities Until 2024
Nov 05CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -CA$351m |
| Jun 30 2024 | n/a | n/a | -CA$409m |
| Mar 31 2024 | n/a | n/a | -CA$299m |
| Dec 31 2023 | CA$4m | CA$575k | -CA$233m |
| Sep 30 2023 | n/a | n/a | CA$745m |
| Jun 30 2023 | n/a | n/a | CA$883m |
| Mar 31 2023 | n/a | n/a | CA$850m |
| Dec 31 2022 | CA$3m | CA$90k | CA$856m |
Compensation vs Market: Eric's total compensation ($USD2.46M) is below average for companies of similar size in the US market ($USD5.43M).
Compensation vs Earnings: Eric's compensation has increased whilst the company is unprofitable.
CEO
Eric Greager (54 yo)
2.2yrs
Tenure
CA$3,548,328
Compensation
Mr. Eric Thomas Greager served as an Independent Director of Amplify Energy Corp. since April 2022. He serves as President, CEO & Director at Baytex Energy Corp. since November 4, 2022. He served as Presid...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.2yrs | CA$3.55m | 0.15% $ 3.0m | |
| Executive VP & CFO | 2.2yrs | CA$1.58m | 0.044% $ 914.6k | |
| Chief Operating Officer | 3.5yrs | CA$1.75m | 0.065% $ 1.3m | |
| Senior VP of Capital Markets & Investor Relations | 10.8yrs | CA$1.12m | 0.045% $ 923.7k | |
| Senior VP & GM of Canadian Heavy Oil Operations | 1.6yrs | CA$401.46 | 0.064% $ 1.3m | |
| Chief Legal Officer & Corporate Secretary | 6.4yrs | CA$787.79k | 0.011% $ 224.4k | |
| VP of Finance & Treasurer | 1.6yrs | no data | 0.0028% $ 57.5k |
2.2yrs
Average Tenure
44yo
Average Age
Experienced Management: BTE's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.2yrs | CA$3.55m | 0.15% $ 3.0m | |
| Independent Director | 4.8yrs | CA$206.00k | 0.010% $ 216.8k | |
| Independent Director | 8.5yrs | CA$205.00k | 0.020% $ 421.7k | |
| Independent Director | 6.4yrs | CA$190.00k | 0.032% $ 670.3k | |
| Independent Director | 1.6yrs | CA$165.00k | 0.019% $ 401.9k | |
| Independent Director | 4.2yrs | CA$200.00k | 0.012% $ 238.9k | |
| Independent Director | 1.9yrs | CA$184.80k | 0.0063% $ 131.1k | |
| Independent Director | 1.6yrs | CA$166.50k | 0.011% $ 221.9k | |
| Independent Director | 5.3yrs | CA$211.00k | 0.021% $ 444.7k | |
| Independent Chairman of the Board | 7.2yrs | CA$309.13k | 0.069% $ 1.4m |
4.5yrs
Average Tenure
61.5yo
Average Age
Experienced Board: BTE's board of directors are considered experienced (4.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 15:49 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Baytex Energy Corp. is covered by 30 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Patrick O'Rourke | ATB Capital Markets |
| Laique Ahmad Amir Arif | ATB Capital Markets |
| Grant Hofer | Barclays |