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Baytex Energy Corp.

5-Year Historical Summary

  

Five-Year Historical Summary

Year Ended December 31, 20192018 201720162015 
FINANCIAL (thousands of Canadian dollars, except per common share or unit amounts)
Petroleum and natural gas sales 1,805,919   1,428,870  1,099,867 780,095   1,121,424
Adjusted funds flow(1)  902,426 472,983 347,641  276,251  516,417
   Per share - basic  1.62 1.35  1.48  1.30  2.61
   Per share - diluted  1.62 1.35  1.47  1.30 2.61
Cash dividends declared(2) --- ---  ---  ---  96,624
   Per share or unit ---   ---  ---  ---  0.80
Net income (12,459)   (325,309)  87,174  (485,184)  (1,142,880)
   Per share - basic (0.02)   (0.93) 0.37   (2.29)  (5.77)
   Per share - diluted (0.02)   (0.93) 0.37   (2.29) (5.77) 
Net debt(1) 1,871,791  2,265,167   1,734,284  1,773,541  2,049,905
           
Operating netback (C$/boe)          
   Sales price 48.72   46.31 40.58  30.29  35.40
   Financial instruments gain (loss) 2.12   (2.49) 0.30  3.81 6.39 
   Royalties (8.98)   (10.68) (9.43)   (7.00)  (7.81)
   Operating expenses (11.16)   (10.61)  (10.50)  (9.46)  (10.36)
   Transportation expenses (1.23)   (1.26)  (1.33)  (1.11)  (1.72)
Operating netback  29.47 21.27 19.62  16.53  21.90
           
Capital expenditures          
   Exploration and development 552,291  495,721   326,266 224,783  521,039 
   Acquisitions, net of dispositions 2,180  1,603,850  59,857  (63,120)  1,648
Total capital expeditures 554,471  2,099,571   386,123  161,663  522,687
           
OPERATING
Daily production          
   Light oil & NGL (bbl/d) 53,816  39,009  30,520  30,726   34,379
   Heavy oil (bbl/d)  26,741 25,954  25,326   23,586 34,974
   Total oil and NGL(bbl/d)  80,557  64,963  55,846  54,312 69,353
   Natural gas (mmcf/d) 102.7   93.0  86.4  91.2 91.8
   Oil equivalent (boe/d @6:1)(3) 97,680   80,458  70,242  69,509 84,648 
Percent oil 82%   81%  80%  78%  82%
           
Proved plus probable reserves          
   Light oil & NGL (mmbbl) 285.1  280.3  188.0 176.7   164.9
   Heavy oil & Bitumen (mmbbl) 154.7  160.7 155.4 145.5   172.5
   Total oil (mmbbl) 439.8  441.0  343.4  322.2 337.4
   Natural gas (bcf) 538.2  513.5  531.1  503.0  475.2
   Oil equivalent (mmboe)(3) 529.5  526.7  432.0  406.1  416.6
           
COMMON SHARE INFORMATION
Common shares outstanding at December 31 (thousands) 558,305   554,060 235,451  233,449   210,583

 

(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, 2019.
(2) Cash dividends 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.