BTE Earnings Prediction
The chart below shows how BTE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BTE sees a +2.72% change in stock price 10 days leading up to the earnings, and a -3.81% change 10 days following the report. On the earnings day itself, the stock moves by +1.41%. This data can give you a slight idea of what to expect for the next quarter's release.
BTE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
850.82M
-7.82%
-4.69%
Gross Margin
38.47%
-17.25%
-7.66%
Operating Margin
25.65%
-25.00%
-6.04%
Net Margin
21.77%
57.64%
87.03%
EPS
0.23
53.33%
76.92%
No Data Available
BTE Earnings Analysis
Baytex Energy Corp. Corporation (BTE.N) Earnings Conference Call
Positive
Free Cash Flow Highlights: During the third quarter, we generated CAD 220 million of free cash flow, returned CAD 101 million to shareholders through the share buyback program and quarterly dividend, and reduced net debt by 5%.
Shareholder Returns Overview: Over the last five quarters, we've returned almost CAD 500 million to shareholders.
Share Buyback and Dividends: We have bought back 75 million common shares for CAD 387 million, representing approximately 9% of our shares outstanding, and paid total dividends of CAD 92 million.
Production Increase per Share: We increased production per share by 10% in Q3 2024 compared to Q3 2023 with production averaging more than 154,000 BOE per day, 86% oil and NGLs.
Crude Oil Production Increase: Our crude oil production comprised of light oil, condensate, and heavy oil increased 2% from Q3 ‘23 to average over 112,000 barrels per day.
Negative
Free Cash Flow Decline: During the third quarter, we generated CAD 220 million of free cash flow, which is a decrease compared to previous quarters.
Net Debt Reduction: Our net debt at September 30th was CAD 2.5 billion, down 5% from June 30th, 2024, indicating a reduction in financial leverage but still significant debt levels.
Debt Reduction Progress: We have reduced our net debt by 12% over the last four quarters, which, while positive, highlights ongoing debt management challenges.
Cost Pressure Outlook: Operating expenses are trending in line with full-year guidance, suggesting potential cost pressures that could impact profitability.
Crude Oil Production Increase: Our crude oil production averaged more than 154,000 BOE per day, which, while an increase, reflects the need for continued investment to maintain production levels.
BTE FAQs
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BTE Earning Call Sentiment
Baytex Energy Corp. (BTE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BTE.N
-4.65%Positive
The earnings call summary and Q&A reveal strong financial performance with increased free cash flow and shareholder returns. Despite competitive pressures and regulatory challenges, the company maintains a positive outlook with operational improvements and a solid debt reduction strategy. The Q&A section indicates management's confidence in future development and capital efficiencies. However, the lack of clear guidance on certain projects tempers the overall sentiment. Given these factors, the stock price is likely to see a positive movement in the next two weeks.
