Baytex Energy Corp. (BTE) Releases Q1 2026 Earnings: Revenue Down 47.5%, Net Loss $48.4M

Baytex Energy Corp. (BTE) reported first-quarter 2026 results. Total revenue was $288.7 million, down 47.5% year‑over‑year, and gross profit was $159.0 million, a 57.6% decline.

Operating profit narrowed to $37.1 million (down 72.5% YoY). The company recorded a net loss attributable to common shareholders of $48.4 million, and diluted earnings per share were -$0.06.

Key liquidity, cash-flow and balance-sheet highlights:

Cash provided by operating activities: $87.9 million (down 70.7% YoY).

Capital spending (purchases of property, plant and equipment): $110.4 million (down 61.0% YoY).

Cash and cash equivalents: $545.1 million (up 13,049.3% YoY).

Total liabilities: $1.14 billion (down 54.7% YoY).

Cost of sales: $129.7 million (down 25.7% YoY).

Overall, Baytex Energy Corp. (BTE) delivered sharply lower top‑line and profitability versus the prior year while maintaining a strengthened cash position and reduced liabilities.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Baytex Energy Corp. Hedge Fund Activity

We have seen 90 institutional investors add shares of Baytex Energy Corp. stock to their portfolio, and 56 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. added 27,536,239 shares (+1301.4%) to their portfolio in Q4 2025, for an estimated $88,942,051
ENCOMPASS CAPITAL ADVISORS LLC added 13,948,516 shares (+inf%) to their portfolio in Q4 2025, for an estimated $45,053,706
CIBC WORLD MARKET INC. removed 12,976,965 shares (-75.6%) from their portfolio in Q4 2025, for an estimated $41,915,596
MILLENNIUM MANAGEMENT LLC removed 10,965,100 shares (-81.4%) from their portfolio in Q4 2025, for an estimated $35,417,273
CANOE FINANCIAL LP removed 8,304,327 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $26,822,976
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 7,462,859 shares (-59.4%) from their portfolio in Q4 2025, for an estimated $24,105,034
JUNIPER CAPITAL ADVISORS, L.P. removed 6,729,476 shares (-6.7%) from their portfolio in Q4 2025, for an estimated $21,736,207

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Baytex Energy Corp. Analyst Ratings

Wall Street analysts have issued reports on $BTE in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Scotiabank issued a "Sector Outperform" rating on 11/13/2025

To track analyst ratings and price targets for Baytex Energy Corp., check out Quiver Quantitative's $BTE forecast page.

Baytex Energy Corp. Price Targets

Multiple analysts have issued price targets for $BTE recently. We have seen 2 analysts offer price targets for $BTE in the last 6 months, with a median target of $6.75.

Here are some recent targets:

Kevin Fisk from Scotiabank set a target price of $6.5 on 04/21/2026
Mike Mueller from Canaccord Genuity set a target price of $7.0 on 04/14/2026