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Baytex Energy Corp. (BTE)

NYSE: BTE · Drilling Oil & Gas Wells · Calgary · filing with the SEC since 2004
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Grade4.3
◀ Past 5.4● Present 3.4▶ Future 4.3
1 est.
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The grade of Baytex Energy Corp.

Nine metrics read from its own filings, by tense
Headline grade
4.3/10
◀ Past5.430% of the headline
● Present3.440% of the headline
▶ Future4.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.4/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.3/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 83rd percentile among 12 sector filers · read for itself

From the record

Baytex Energy Corp.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.6/10

What has it actually done, year after year?

-0.1% a year over 7 filed years; profitable in 3 of 7.

weight 45% of this tense · 36th percentile among 11 sector filers · read for its customers

From the record

Baytex Energy Corp.'s 7 filed years say what it did: revenue went from CAD 1.5 billion in fiscal 2019 to CAD 1.5 billion in fiscal 2025, down 0.1% a year; it rose in 3 of 6 years; the deepest fall was 45% from fiscal 2023 to fiscal 2025; net income was positive in 3 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-0.1%bottom 32% of its family
  • the share of years revenue rosebottom 14% of its family
  • the share of filed years with a profittop 41% of its family
  • the deepest fall from a revenue peak45.4%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.5/10

How has it treated the people who own it?

Share count grew 10.9% a year. 14% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 45th percentile among 11 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Baytex Energy Corp.'s diluted share count grew about 10.9% a year, and dividends and buybacks returned about 14% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 50% of its family
  • cash returned against operating cash flowbottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.9/10

Is it financially healthy right now?

ROE -25%: lost 25¢ per shareholder dollar. Leverage 29%: owes 29¢ per asset dollar.

weight 33% of this tense · 59th percentile among 11 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Baytex Energy Corp. lost about 25 cents for every dollar of shareholders' money. Leverage: it owed about 29 cents per dollar of assets, and net share issuance: its share count shrank 4.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 14% of its family
  • return on equitybottom 14% of its family
  • the share count against the year beforetop 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
0.9/10

How strong is its position in its industry?

bottom 9% of 11 in its family; net margin -40.8%.

weight 45% of this tense · 9th percentile among 11 sector filers · read for its customers

From the record

Baytex Energy Corp.'s standing among 11 graded names in its industry family: revenue of CAD 1.5 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of -40.8% ranks in the bottom 14%; revenue growth of -14% a year over the last 3 filed years ranks in the bottom 5% (its annual reports).

What it rests on

  • net margin-40.8%bottom 14% of its family
  • three-year revenue growth-14.0%bottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.9/10

What are the people in charge doing?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 9 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 9 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 9 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Baytex Energy Corp.'s leadership is put at 4.9 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 9 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
9.6/10

How much room does it have to grow?

top 5% of 11 in its family for room to expand.

weight 22% of this tense · 95th percentile among 11 sector filers · read for itself

From the record

Baytex Energy Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of CAD 953 million against no long-term debt tagged leaves 28.5% of its assets as net cash, top 5% of its family; cash from operations less capital spending is 100.3% of revenue (top 5%) (its annual report).

What it rests on

  • cash less debt against assets28.5%top 5% of its family
  • cash from operations less capital spending against revenue100.3%top 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.3/10

What could actually drive growth from here?

bottom 23% of 11 in its family for growth drivers.

weight 45% of this tense · 23rd percentile among 11 sector filers · read for its customers

From the record

Baytex Energy Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew -14% a year over the last three filed years against -0.1% over all 7, slowing (bottom 23% of its family); the newest year grew -8.2% (bottom 23%) (its annual reports). Baytex Energy Corp. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-13.9 points a yearbottom 23% of its family
  • the newest year's revenue growth-8.2%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.5/10

Did its newest year beat what its own record pointed to?

bottom 35% of 11 in its family for expectations against reality.

weight 33% of this tense · 35th percentile among 11 sector filers · read for its shareholders

From the record

Baytex Energy Corp.'s newest year against its own record: revenue of CAD 1.5 billion in fiscal 2025 came in 10.2% above the CAD 1.3 billion its prior three years' pace pointed to (top 14% of its family); net income of CAD 604 million against a prior three-year average of CAD 286 million (bottom 14%); a net margin of -40.8% against 14.3% before (bottom 5%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace10.2%top 14% of its family
  • net income against the prior three years' average-311%bottom 14% of its family
  • net margin against its prior average-55.1 pointsbottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BTE · research, not advice