Baytex Historical Income Statement
| BTE Stock | CAD 3.97 0.01 0.25% |
Historical analysis of Baytex Energy income statement accounts such as Interest Expense of 180.4 M, Selling General Administrative of 45.9 M or Total Revenue of 2.8 B can show how well Baytex Energy Corp performed in making a profits. Evaluating Baytex Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Baytex Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Baytex Energy Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Baytex Energy Corp is a good buy for the upcoming year.
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About Baytex Income Statement Analysis
Baytex Energy Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Baytex Energy shareholders. The income statement also shows Baytex investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Baytex Energy Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Baytex Energy Corp. It is also known as Baytex Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Baytex Energy Corp income statement and represents the costs associated with goods and services Baytex Energy provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from Baytex Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Baytex Energy Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baytex Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Baytex Energy's Total Operating Expenses is very stable compared to the past year. As of the 2nd of December 2024, Net Income Applicable To Common Shares is likely to grow to about 1 B, while Selling General Administrative is likely to drop about 45.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 92.1M | 80.4M | 171.8M | 180.4M | Depreciation And Amortization | 477.0M | 602.7M | 1.0B | 1.1B |
Baytex Energy income statement Correlations
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Baytex Energy Account Relationship Matchups
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Baytex Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 745.4M | 495.4M | 477.0M | 602.7M | 1.0B | 1.1B | |
| Interest Expense | 107.4M | 106.5M | 92.1M | 80.4M | 171.8M | 180.4M | |
| Selling General Administrative | 61.4M | 43.7M | 51.9M | 79.3M | 69.8M | 45.9M | |
| Total Revenue | 1.8B | 975.5M | 1.9B | 2.9B | 2.7B | 2.8B | |
| Gross Profit | 243.5M | (82.8M) | 603.5M | 1.1B | 199.5M | 336.1M | |
| Other Operating Expenses | 1.6B | 1.1B | 1.3B | 1.9B | 3.4B | 3.6B | |
| Operating Income | 159.5M | (150.8M) | 521.7M | 943.6M | 11.9M | 11.3M | |
| Ebit | 33.2M | (2.5B) | 1.8B | 977.6M | (324.4M) | (308.2M) | |
| Ebitda | 778.6M | (2.0B) | 2.3B | 1.6B | 723.5M | 366.2M | |
| Cost Of Revenue | 1.6B | 1.1B | 1.3B | 1.8B | 2.5B | 2.6B | |
| Total Operating Expenses | 86.8M | 66.7M | 79.5M | 125.2M | 107.5M | 186.8M | |
| Income Before Tax | (78.9M) | (2.6B) | 1.7B | 890.9M | (516.6M) | (490.8M) | |
| Total Other Income Expense Net | (235.6M) | (2.4B) | 1.2B | (62.2M) | (528.5M) | (502.1M) | |
| Net Income | (12.5M) | (2.4B) | 1.6B | 855.6M | (233.4M) | (221.7M) | |
| Income Tax Expense | (66.5M) | (160.4M) | 81.2M | 35.3M | (283.2M) | (269.1M) | |
| Net Income From Continuing Ops | (12.5M) | (2.4B) | 1.6B | 855.6M | (233.4M) | (245.0M) | |
| Net Income Applicable To Common Shares | (12.5M) | (2.4B) | 1.6B | 855.6M | 983.9M | 1.0B | |
| Tax Provision | (66.5M) | (160.4M) | 81.2M | 35.3M | (283.2M) | (297.4M) | |
| Interest Income | 52.8M | 89.2M | 377.1M | 322.8M | 371.3M | 389.8M | |
| Net Interest Income | (112.2M) | (116.5M) | (96.9M) | (86.7M) | (171.8M) | (180.4M) | |
| Reconciled Depreciation | 731.7M | 486.4M | 464.6M | 587.1M | 1.0B | 684.9M |
Pair Trading with Baytex Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Baytex Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Baytex Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Baytex Stock
| 0.49 | ENS | E Split Corp | PairCorr |
| 0.45 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.44 | SGR-U | Slate Grocery REIT | PairCorr |
| 0.44 | MRT-UN | Morguard Real Estate | PairCorr |
| 0.42 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Baytex Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baytex Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Baytex Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Baytex Energy Corp to buy it.
The correlation of Baytex Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Baytex Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baytex Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Baytex Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baytex Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.