Baytex: Overview of Fourth Quarter Financial Results

Baytex Energy Reports Fourth Quarter Financial Results

Baytex Energy Corp., headquartered in Calgary, Alberta, announced on Wednesday that it recorded a net loss of $614.7 million for the fourth quarter.

The company reported a per-share loss of 80 cents. When excluding discontinued operations, the adjusted loss was 31 cents per share.

During the quarter, Baytex Energy generated $545 million in revenue, with adjusted revenue totaling $251.4 million.

For the full year, Baytex Energy posted a net loss of $432.1 million, or 56 cents per share, marking a shift to negative earnings for the period. Annual revenue reached $1.03 billion.

At the close of trading on Wednesday, Baytex shares were valued at $3.98, compared to $2.07 at the same time last year.