• Baytex Energy Corp.
  • BTE (TSX)
  • Baytex Energy Corp.
  • BTE (NYSE)
  • Baytex Energy Corp.
Baytex Energy Corp.

5-Year Historical Summary

  

Five-Year Historical Summary

Year Ended December 31, 20182017 2016 2015 2014 
FINANCIAL (thousands of Canadian dollars, except per common share or unit amounts)
Petroleum and natural gas sales  1,428,870  1,099,867  780,095 1,121,424   1,969,022
Adjusted funds flow(1)  472,983 347,641  276,251   516,417  879,790
   Per share or unit - basic  1.35  1.48  1.30  2.61  5.91
   Per share or unit - diluted 1.35  1.47   1.30  2.61  5.91
Cash dividends or distributions declared(2)  --- ---  ---  96,624  301,118
   Per share or unit ---   ---  ---  0.80  2.64
Net income  (325,309)  87,174  (485,184)  (1,142,880)  (132,807)
   Per share or unit - basic  (0.93)  0.37 (2.29)   (5.77)  (0.89)
   Per share or unit - diluted  (0.93)  0.37 (2.29)   (5.77) (0.89) 
Net debt(1)  2,265,167 1,734,284   1,773,541  2,049,905  2,295,980
           
Operating netback (C$/boe)          
   Sales price 46.31   40.58 30.29  35.40   66.54
   Financial instruments gain (loss)  (2.49)  0.30 3.81   6.39 1.24 
   Royalties (10.68)   (9.43) (7.00)   (7.81)  (15.35)
   Operating expenses  (10.61)  (10.50)  (9.46)  (10.36)  (12.37)
   Transportation expenses  (1.26)  (1.33)  (1.11)  (1.72)  (2.93)
Operating netback 21.27  19.62  16.53   21.90  37.37
           
Capital expenditures          
   Exploration and development  495,721 326,266   224,783 521,039  766,070 
   Acquisitions, net of dispositions  (1,818) 59,857   (63,120)  1,648  2,545,156
Total capital expeditures 493,903  386,123   161,663  522,687  3,311,226
           
OPERATING
Daily production          
   Light oil & NGL (bbl/d)  39,009 30,520  30,726  34,379   22,500
   Heavy oil (bbl/d) 25,954  25,326  23,586   34,974 45,022
   Total oil and NGL(bbl/d) 64,963   55,846  54,312  69,353 67,522
   Natural gas (mmcf/d)  93.0  86.4  91.2  91.8 65.2
   Oil equivalent (boe/d @6:1)(3)  80,458  70,242  69,509  84,648 78,395 
Percent oil  81%  80%  78%  82%  86%
           
Proved plus probable reserves          
   Light oil & NGL (mmbbl)  280.3  188.0  176.7 164.9   154.1
   Heavy oil & Bitumen (mmbbl)  160.7  155.4 145.5  172.5   209.4
   Total oil (mmbbl)  441.0  343.4  322.2  337.4 363.5
   Natural gas (bcf) 513.5   531.1  503.0  475.2  408.8
   Oil equivalent (mmboe)(3) 526.7   432.0  406.1  416.6  431.6
           
COMMON SHARE OR TRUST UNIT INFORMATION
Common shares or units outstanding at December 31 (thousands)  554,060  235,451 233,449  210,583   168,107

 

(1) Adjusted funds flow and net debt are non-GAAP terms. For further explanation refer to the Management's Discussion and Analysis for the year ended December 31, 2018.
(2) Cash dividends or distributions declared are net of DRIP participation.
(3) Barrel of oil equivalent ("boe") amounts have been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil.