Baytex Energy (BTE) Misses Q4 EPS by 10c

Baytex Energy (NYSE: BTE) reported Q4 EPS of ($0.21), $0.10 worse than the analyst estimate of ($0.11).

“2019 was an exceptional year with $1 billion EBITDA, $329 million of free cash flow and a 17% reduction in net debt. During the first quarter of 2020, we enhanced our long-term note maturity schedule and extended the term of our revolving credit facilities to 2024. Our operations continue to perform well with strong capital efficiencies in each of our core properties (Eagle Ford, Viking and Heavy Oil). Together, these measures give us confidence and significant flexibility to execute our business plan to continue driving free cash flow and strengthening our balance sheet,” commented Ed LaFehr, President and Chief Executive Officer.

For earnings history and earnings-related data on Baytex Energy (BTE) click here.

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