Baytex Energy Corp. (BTE) Revenue History
Annual and quarterly revenue from 1995 to present
BTE Revenue Over Time (1995–2025)
BTE Revenue Growth History
20 of 30 years with positive growth- FY1995 revenue growth
- N/A
- FY1996 revenue growth
- +153.2%
- FY1997 revenue growth
- +688.5%
- FY1998 revenue growth
- -17.4%
- FY1999 revenue growth
- +17.4%
- FY2000 revenue growth
- +138.3%
- FY2001 revenue growth
- +15.2%
- FY2002 revenue growth
- +11.0%
- FY2003 revenue growth
- -4.0%
- FY2004 revenue growth
- -3.7%
- FY2005 revenue growth
- +37.2%
- FY2006 revenue growth
- +1.6%
- FY2007 revenue growth
- +9.1%
- FY2008 revenue growth
- +62.0%
- FY2009 revenue growth
- -20.8%
- FY2010 revenue growth
- +27.2%
- FY2011 revenue growth
- +30.5%
- FY2012 revenue growth
- -6.1%
- FY2013 revenue growth
- +3.1%
- FY2014 revenue growth
- +38.1%
- FY2015 revenue growth
- -39.4%
- FY2016 revenue growth
- -31.6%
- FY2017 revenue growth
- +43.6%
- FY2018 revenue growth
- +27.7%
- FY2019 revenue growth
- +37.3%
- FY2020 revenue growth
- -46.7%
- FY2021 revenue growth
- +89.4%
- FY2022 revenue growth
- +49.7%
- FY2023 revenue growth
- +17.7%
- FY2024 revenue growth
- -40.6%
- FY2025 revenue growth
- -8.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $402.4M | -48.8% |
| Q4 2025 | $-1,333,748,767 | -264.7% |
| Q3 2025 | $747.5M | -12.0% |
| Q2 2025 | $712.7M | -20.1% |
| Q1 2025 | $786.6M | +1.3% |
| Q4 2024 | $809.8M | -3.3% |
| Q3 2024 | $849.4M | -7.7% |
| Q2 2024 | $892.1M | +81.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown
BTE's revenue distribution by segment and geography
By Geography
BTE Revenue Analysis (1995–2025)
Current Revenue & Growth
As of June 23, 2026, Baytex Energy Corp. (BTE) generated trailing twelve-month (TTM) revenue of $528.8 million, reflecting significant decline in growth of -48.8% year-over-year. The most recent quarter (Q1 2026) recorded $402.4 million in revenue
Historical Growth Trajectory
BTE's 5-year compound annual growth rate (CAGR) stands at +12.7%, indicating consistent double-digit revenue growth. The 3-year CAGR of -13.7% is below the 5-year average, signalling a growth deceleration in recent years. Baytex Energy Corp.'s highest annual revenue of $2.71 billion was recorded in 2023.
Peer Comparison
Compared to Energy sector peers — including CVE (-16.4% YoY), MEG (+14.2% YoY), and CIVI (-6.6% YoY) — BTE has underperformed the peer group in revenue growth. Compare BTE vs CVE →
BTE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BTECurrent | $529M | -48.8% | +12.7% | 15.3% | |
 CVE | $49.7B | -16.4% | +29.0% | 8.8% | |
 MEG | $831M | +14.2% | +20.4% | 1.5% | |
 CIVI | $5.2B | -6.6% | +75.4% | 29.0% | |
 VTLE | $2.0B | +1.9% | +18.5% | -1.2% | |
 SM | $3.2B | +28.5% | +22.9% | 26.1% |
BTE Historical Revenue Data (1995–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.48B | -8.2% | $318.0M | 21.5% | $226.1M | 15.3% |
| 2024 | $1.61B | -40.6% | $427.0M | 26.5% | $356.8M | 22.1% |
| 2023 | $2.71B | +17.7% | $750.7M | 27.7% | $643.2M | 23.7% |
| 2022 | $2.31B | +49.7% | $1.02B | 44.4% | $944.7M | 41.0% |
| 2021 | $1.54B | +89.4% | $580.3M | 37.7% | $528.0M | 34.3% |
| 2020 | $813.6M | -46.7% | $-106,029,147 | -13.0% | $-149,865,019 | -18.4% |
| 2019 | $1.53B | +37.3% | $224.0M | 14.7% | $161.0M | 10.5% |
| 2018 | $1.11B | +27.7% | $106.2M | 9.6% | $41.0M | 3.7% |
| 2017 | $870.5M | +43.6% | $-3,553,203 | -0.4% | $-67,370,865 | -7.7% |
| 2016 | $606.4M | -31.6% | $-198,517,311 | -32.7% | $-263,742,815 | -43.5% |
| 2015 | $886.2M | -39.4% | $-189,105,087 | -21.3% | $-263,663,113 | -29.8% |
| 2014 | $1.46B | +38.1% | $451.7M | 30.9% | $368.2M | 25.2% |
| 2013 | $1.06B | +3.1% | $317.9M | 30.0% | $244.0M | 23.0% |
| 2012 | $1.03B | -6.1% | $269.3M | 26.2% | $187.8M | 18.3% |
| 2011 | $1.09B | +30.5% | $374.5M | 34.2% | $301.9M | 27.6% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
31+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
BTE — Frequently Asked Questions
Quick answers to the most common questions about buying BTE stock.
Is BTE's revenue growth accelerating or slowing?
BTE revenue is declining -48.8% year-over-year. TTM revenue fell to $529M, contrasting with the 5-year CAGR of +12.7%. The reversal reflects either macro headwinds or company-specific challenges.
What is BTE's revenue history from 1995 to 2026?
Baytex Energy Corp. (BTE) revenue history spans 1995 to 2026. TTM revenue as of 2026 is $529M, growing at -48.8% YoY. The 5-year CAGR is +12.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is BTE's long-term revenue growth rate (CAGR)?
Baytex Energy Corp.'s 5-year revenue CAGR of +12.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -48.8% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BTE.
Why does BTE's quarterly revenue fluctuate?
BTE quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Baytex Energy Corp.'s revenue data from 1995 to 2026 shows full historical quarterly detail on this page.
How is BTE's revenue distributed by segment?
BTE reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does BTE's revenue compare to industry peers?
Baytex Energy Corp. (BTE) with TTM revenue of $529M and -48.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.