=Baytex Energy (BTE) reported earnings on Tue 6 March 2018 (b/o)

Baytex Energy Corp. is a Calgary-based Canadian producer, developer and explorer of oil and natural gas. Formerly a trust, it converted to a corporation January 2011 because of government changes to tax incentives.
Headquarters: Calgary, Canada
Founded: 1993
baytexenergy.com


Baytex Energy Trust misses by CC$0.20, beats on revs 

• Reports Q4 (Dec) loss of CC$0.32 per share, CC$0.20 worse than the Capital IQ Consensus of (CC$0.12); revenues rose 29.6% year/year to CC$302.19 mln vs the CC$278.72 mln single analyst estimate.
• Generated production of 69,556 boe/d (81% oil and NGL) during Q4/2017, an increase of 7% over Q4/2016, and 70,242 boe/d for full-year 2017, exceeding the high end of guidance, with capital expenditures of $326 million, in line with annual guidance
• 2018 production guidance range is unchanged at 68,000 to 72,000 boe/d with budgeted exploration and development capital expenditures of $325 to $375 million.