Baytex Energy Corp. (BTE) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
BTE Revenue Analysis (2013–2024)
As of March 2, 2026, Baytex Energy Corp. (BTE) generated trailing twelve-month (TTM) revenue of $3.83 billion, reflecting solid growth of +9.0% year-over-year. The most recent quarter (Q3 2025) recorded $927.6 million in revenue, up 4.6% sequentially.
Looking at the longer-term picture, BTE's 5-year compound annual growth rate (CAGR) stands at +18.4%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $4.21 billion in 2024, representing a new all-time high.
When compared to Energy sector peers including CNQ (+4.5% YoY), GFR (-0.9% YoY), and OBE (+1.0% YoY), BTE has outperformed the peer group in terms of revenue growth. Compare BTE vs CNQ →
Peer Comparison
Compare BTE's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BTECurrent | $3.8B | +9.0% | +18.4% | 18.3% | |
| CNQ | $35.7B | +4.5% | +9.3% | 47.1% | |
| GFR | $791M | -0.9% | - | 28.7% | |
| OBE | $838M | +1.0% | +15.0% | -29.8% | |
| BRN | $14M | -36.4% | -5.7% | -39.1% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $4.21B | +24.4% | $1.03B | 24.4% | $770.3M | 18.3% |
| 2023 | $3.38B | +17.1% | $869.3M | 25.7% | $643.2M | 19.0% |
| 2022 | $2.89B | +54.6% | $1.08B | 37.3% | $943.6M | 32.7% |
| 2021 | $1.87B | +91.5% | $603.5M | 32.3% | $521.7M | 27.9% |
| 2020 | $975.5M | -46.0% | $-82,801,000 | -8.5% | $-150,840,000 | -15.5% |
| 2019 | $1.81B | +26.4% | $243.5M | 13.5% | $159.5M | 8.8% |
| 2018 | $1.43B | +30.9% | $139.1M | 9.7% | $38.5M | 2.7% |
| 2017 | $1.09B | +39.9% | $13.4M | 1.2% | $57.7M | 5.3% |
| 2016 | $780.1M | -31.0% | $-184,914,000 | -23.7% | $246.0M | 31.5% |
| 2015 | $1.13B | -26.1% | $-174,555,000 | -15.4% | $230.3M | 20.4% |
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Start ComparisonFrequently Asked Questions
Is BTE's revenue growth accelerating or slowing?
BTE maintains +9.0% revenue growth, in line with its 5-year CAGR of +18.4%. TTM revenue stands at $3.8B. Growth rate remains consistent with historical average.
What is BTE's long-term revenue growth rate?
Baytex Energy Corp.'s 5-year revenue CAGR of +18.4% reflects the sustained expansion pattern. Current YoY growth of +9.0% is near this long-term average.
How is BTE's revenue distributed by segment?
BTE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.