BTE
Baytex Energy Corp.
BTE lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
BTE Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Healthy | |
| Strong |
BTE's cash flow and balance sheet are currently healthy, but its revenue and profitability are under pressure.
BTE PE Valuation
BTE has no meaningful PE right now: it lost money over the past year.
BTE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for BTE, with profitability improving.
BTE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.65 | -297% |
| Q1 2026 | -$0.68 | -343% |
| Q4 2025 | -$0.55 | -362% |
| Q3 2025 | $0.20 | +$0.49 |
| Q2 2025 | $0.33 | +$0.67 |
| Q1 2025 | $0.28 | +$0.46 |
| Q4 2024 | $0.21 | +$0.31 |
| Q3 2024 | -$0.29 | -133% |
BTE has swung to a loss: it lost $0.65 per share over the past year, after a profit the year before.
BTE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $386.5M | -23% |
| Q1 2026 | $282.9M | -49% |
| Q3 2025 | $525.5M | -12% |
| Q2 2025 | $501M | -20% |
| Q1 2025 | $553M | +1.3% |
| Q4 2024 | $569.3M | -3.3% |
| Q3 2024 | $597.2M | -7.7% |
| Q2 2024 | $627.2M | +82% |
BTE's revenue has slid since its 2023 peak: $387M last quarter, down 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 37% | +23 points |
| Q1 2026 | 12% | -12 points |
| Q3 2025 | 18% | -7 points |
| Q2 2025 | 14% | -13 points |
| Q1 2025 | 24% | +7.5 points |
| Q4 2024 | 24% | +4.5 points |
| Q3 2024 | 25% | -8.7 points |
| Q2 2024 | 27% | +8.2 points |
BTE's operating margin was 37% last quarter, up 13 points from the same quarter a year ago.
BTE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $76M | +$78.6M |
| Q1 2026 | -$22M | -228% |
| Q4 2025 | $31.4M | -83% |
| Q3 2025 | $99.8M | -41% |
| Q2 2025 | -$2.6M | -102% |
| Q1 2025 | $17.2M | +$63.9M |
| Q4 2024 | $180.7M | +7.6% |
| Q3 2024 | $170.1M | +726% |
BTE still generates free cash flow, though less than at its 2022 peak: $185M over the past year.
BTE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.8% | -21.2M shares |
| 1 year | -6% | -46.1M shares |
| 3 years | +23% | +138M shares |
| 5 years | +27% | +156M shares |
| Available history | +29% | +165M shares |
BTE has 726M diluted shares, down 6% from a year ago, with $231M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $97.5M |
| Q1 2026 | $124.9M |
| Q4 2025 | $8.6M |
| Q3 2025 | — |
| Q2 2025 | $2.9M |
| Q1 2025 | $9.2M |
| Q4 2024 | $37.8M |
| Q3 2024 | $59.5M |
BTE spent $231M buying back its own shares over the past year, up 111% from the year before.
BTE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.7x | Net Cash |
| Q1 2026 | -0.6x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | 1.1x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | 1.2x | Healthy |
| Q3 2024 | 1.8x | Healthy |
BTE has more cash than debt.
BTE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.5 | Neutral |
| Stochastic | 38.4 | Neutral |
BTE's weekly RSI is 47 (neutral) and its Stochastic is 38 (neutral).
BTE PE vs Energy Sector
| Metric | BTE | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
BTE has no meaningful PE right now: it lost money over the past year.
BTE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.83 | 10% below |
| 20 week MA | $4.63 | 6.5% below |
| 50 week MA | $4.24 | 2.1% above |
| 100 week MA | $3.22 | 34% above |
| 200 week MA | $3.39 | 28% above |
BTE has slipped below its 8- and 20-week averages, though it's still 28% above its 200-week average.
BTE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.43 | $0.55 | -62% |
| 2021 | $0.55 | $2.81 | +411% |
| 2022 | $2.81 | $4.54 | +62% |
| 2023 | $4.54 | $3.32 | -27% |
| 2024 | $3.32 | $2.42 | -27% |
| 2025 | $2.42 | $3.12 | +29% |
| 2026 YTD | $3.12 | $4.33 | +39% |
BTE's yearly returns have swung widely, from +411% in 2021 to −62% in 2020. It's up 39% so far in 2026.