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Baytex Energy (TSX:BTE) EBIT : C$-232 Mil (TTM As of Sep. 2024)


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What is Baytex Energy EBIT?

Baytex Energy's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was C$265 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was C$-232 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Baytex Energy's annualized ROC % for the quarter that ended in Sep. 2024 was 10.08%. Baytex Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 15.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Baytex Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -4.57%.


Baytex Energy EBIT Historical Data

The historical data trend for Baytex Energy's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Baytex Energy EBIT Chart

Baytex Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.50 -2,492.82 1,786.91 971.30 -356.76

Baytex Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 232.74 -740.81 56.72 187.13 265.16

Competitive Comparison of Baytex Energy's EBIT

For the Oil & Gas E&P subindustry, Baytex Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Baytex Energy's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Baytex Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Baytex Energy's EV-to-EBIT falls into.



Baytex Energy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-232 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Baytex Energy  (TSX:BTE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Baytex Energy's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=850.916 * ( 1 - 13.87% )/( (7327.511 + 7214.35)/ 2 )
=732.8939508/7270.9305
=10.08 %

where

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7770.926 - 635.383 - ( 35.887 - max(0, 686.919 - 494.951+35.887))
=7327.511

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7614.157 - 602.428 - ( 21.311 - max(0, 645.816 - 443.195+21.311))
=7214.35

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Baytex Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1060.628/( ( (7017.775 + max(-219.384, 0)) + (6928.255 + max(-216.396, 0)) )/ 2 )
=1060.628/( ( 7017.775 + 6928.255 )/ 2 )
=1060.628/6973.015
=15.21 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(429.098 + 0 + 29.966) - (635.383 + 0 + 43.065)
=-219.384

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(375.942 + 0 + 45.942) - (602.428 + 0 + 35.852)
=-216.396

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Baytex Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-231.802/5072.920
=-4.57 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Baytex Energy EBIT Related Terms

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Baytex Energy Business Description

Traded in Other Exchanges
Address
2800, 520 - 3rd Avenue SW, Centennial Place, East Tower, Calgary, AB, CAN, T2P 0R3
Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.
Executives
Stephen David Lile Reynish Director
James Robert Maclean Senior Officer
Nicole Marie Frechette Senior Officer
Eric Thomas Greager Senior Officer
Mark Bly Director
Tiffany Thom Cepak Director
Angela S. Lekatsas Director
Brian Gordon Ector Senior Officer
Chad Lundberg Senior Officer
Kendall Douglas Arthur Senior Officer
Chadwick Kalmakoff Senior Officer
Edward David Lafehr Senior Officer
Jennifer Maki Director
Trudy Marie Curran Director
Jason Jowill Jaskela Senior Officer

Baytex Energy Headlines

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