Private company
BAYTEX ENERGY USA, INC.
American crude petroleum and natural gas company, incorporated in Delaware1
In its 2023 annual report the company says: “We are an independent oil and gas company engaged in the onshore development and production of crude oil, NGLs and natural gas.”89 It is headquartered in Houston, Texas.1
Last updated Oct 21, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
59.0%Operating margin2
40.6%Net margin2
97.6%Revenue growth, 20222
95.9%Return on equity2
1.25×Debt to equity2
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Other costs55¢$627.6M
- Interest4¢$48.9M
- Income tax0¢$4.2M
- Profit41¢$464.5M
Out of $1.1B in revenue.2
Where each dollar of operating cash went, fiscal 2022
- Dividends paid0¢$2.9M
- Share buybacks11¢$75.2M
- Kept or used elsewhere88¢$597.3M
Out of $675.4M of cash from operations.2
Financial statements
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $305.3M4 | $160.1M5 | $440.8M6 | $471.2M7 | $273.3M2 | $579.5M2 | $1.1B2 | |
| Cost of revenue | $10.7M5 | $18.6M6 | $23.2M7 | $22.1M7 | $23.6M7 | |||
| Operating expenses | $300.1M2 | $469.3M2 | ||||||
| Operating income | -$1.6B4 | $51.9M5 | $208.8M6 | $176.8M7 | -$369.2M2 | $279.4M2 | $675.9M2 | |
| Interest | $91.0M4 | $6.4M5 | $26.5M6 | $35.8M7 | $31.3M2 | $33.2M2 | $48.9M2 | |
| Income before tax | $100.5M2 | $468.7M2 | ||||||
| Income tax | -$5.4M4 | -$4.9M5 | $523.0K6 | $2.1M7 | -$2.3M2 | $1.6M2 | $4.2M2 | |
| Net income | -$1.6B4 | $32.7M5 | $224.8M6 | $70.6M7 | -$310.6M2 | $98.9M2 | $464.5M2 | |
| Earnings per share | -$21.814 | $2.185 | $14.936 | $4.677 | -$20.462 | $2.412 | $10.772 | |
| Earnings per share (diluted) | -$21.814 | $2.175 | $14.706 | $4.677 | -$20.462 | $2.342 | $10.532 | |
| Shares (weighted, basic) | 16.7M shares2 | 20.2M shares2 | ||||||
| Shares (weighted, diluted) | 17.2M shares2 | 20.8M shares2 |
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|
| Cash | $12.0M4 | $6.8M5 | $11.0M6 | $17.9M6 | $7.8M6 | $13.0M7 | $23.7M2 | $7.6M2 |
| Receivables | $118.6M2 | $139.7M2 | ||||||
| Inventory | $10.3M2 | $19.3M2 | ||||||
| Current assets | $165.0M4 | $38.9M12 | $87.1M13 | $126.4M5 | $88.3M6 | $153.4M7 | $186.2M2 | $200.5M2 |
| Property, plant and equipment | $1.4B2 | $1.8B2 | ||||||
| Total assets | $517.7M4 | $291.7M12 | $629.6M13 | $1.1B5 | $1.2B6 | $907.3M7 | $1.6B2 | $2.0B2 |
| Short-term debt | $4.1M2 | $02 | ||||||
| Current liabilities | $1.3B4 | $62.6M12 | $124.0M13 | $104.7M5 | $129.3M6 | $148.2M7 | $268.9M2 | $333.5M2 |
| Long-term debt | $04 | $25.0M12 | $265.3M13 | $511.4M5 | $555.0M6 | $509.5M7 | $601.3M2 | $604.1M2 |
| Retained earnings | $49.6M2 | $264.3M2 | ||||||
| Shareholders’ equity | -$915.1M4 | $185.5M12 | $221.6M13 | $447.4M5 | $520.7M6 | $212.8M7 | $323.5M2 | $484.4M2 |
| Shares outstanding | 71.6M shares14 | 15.0M shares13 | 15.0M shares4 | 15.0M shares12 | 1.5M shares13 | 15.2M shares5 | 43.7M shares7 |
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $81.7M5 | $272.1M6 | $321.2M7 | $222.3M2 | $289.0M2 | $675.4M2 | ||
| Depreciation and amortization | $131.7M2 | $244.5M2 | ||||||
| Stock-based compensation | $15.6M2 | $5.6M2 | ||||||
| Cash from investing | -$245.2M2 | -$606.6M2 | ||||||
| Dividends paid | $02 | $02 | $2.9M2 | |||||
| Share buybacks | $02 | $02 | $75.2M2 | |||||
| Cash from financing | -$33.2M2 | -$84.9M2 | ||||||
| Dividend per share | $0.072 |
Corporate structure
BAYTEX ENERGY USA, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of BAYTEX ENERGY USA, INC.
- Magnetar Financial LLC Filed SC 13D/A on BAYTEX ENERGY USA, INC., latest Jun 23, 2023 (2 filings since May 12, 2023)
- Juniper Capital III GP, L.P. Filed SC 13D/A on BAYTEX ENERGY USA, INC., latest Jun 21, 2023 (2 filings since Mar 2, 2023)
- Hotchkis & Wiley Capital Management Filed SC 13G/A on BAYTEX ENERGY USA, INC., latest Feb 14, 2023 (2 filings since Feb 11, 2022)
- State Street Corporation Filed SC 13G/A on BAYTEX ENERGY USA, INC., latest Feb 10, 2023 (2 filings since Feb 10, 2022)
- VANGUARD GROUP INC Filed SC 13G/A on BAYTEX ENERGY USA, INC., latest Feb 9, 2023 (2 filings since Feb 10, 2022)
- BlackRock Filed SC 13G/A on BAYTEX ENERGY USA, INC., latest Jan 23, 2023 (2 filings since Feb 7, 2022)
- MILLENNIUM MANAGEMENT LLC Filed SC 13G on BAYTEX ENERGY USA, INC., latest Nov 28, 2022
- BAYTEX ENERGY USA, INC. Houston, Texas
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What BAYTEX ENERGY USA, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $3.1B2 Dec 31, 2022 | $2.4B2 Dec 31, 2021 | +27.7% |
| Accumulated depreciation | $1.3B2 Dec 31, 2022 | $1.0B2 Dec 31, 2021 | +23.7% |
| Property and equipment, net | $1.8B2 Dec 31, 2022 | $1.4B2 Dec 31, 2021 | +30.8% |
| Operating-lease assets (leased space) | $989.0K2 Dec 31, 2022 | $1.7M2 Dec 31, 2021 | −40.8% |
Investments
Inventory
Leadership
Who has led BAYTEX ENERGY USA, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerDarrin J. Henke Aug 21, 2020 to Aug 30, 202115
- Chief executive officerJohn A. Brooks Nov 18, 2019 to Mar 5, 202016
- Chief executive officerEdward B. Cloues Ii. Oct 28, 2015 to Oct 28, 201517
- Chief executive officerH. Baird Whitehead May 5, 2011 to May 8, 201518
- Chief executive officerA. James Dearlove Jan 11, 2006 to Feb 25, 201119
- Chief executive officerFrank A. Pici Mar 2, 2006 to Feb 25, 200820
- ChairHarry Quarls Aug 17, 2017 to Nov 30, 201721
- PresidentDarrin J. Henke Aug 21, 2020 to Aug 30, 202115
- PresidentJohn A. Brooks Nov 18, 2019 to Mar 5, 202016
- PresidentH. Baird Whitehead Feb 18, 2011 to May 8, 201522
- PresidentA. James Dearlove Jan 11, 2006 to Mar 10, 201019
- Chief financial officerRussell T. Kelley Jr. Nov 18, 2019 to Mar 21, 202323
- Chief financial officerSteven A. Hartman Dec 10, 2010 to Sep 16, 201924
- Chief financial officerFrank A. Pici Jan 11, 2006 to Feb 25, 201025
- Chief operating officerJulia Gwaltney Jan 17, 2023 to Jan 17, 202326
- Chief operating officerJohn A. Brooks Feb 18, 2014 to Sep 14, 201627
- Chief operating officerH. Baird Whitehead Feb 27, 2009 to Feb 25, 201128
Board members and other officers (43)
- OfficerRussell T. Kelley Jr. Jan 28, 2022 to Mar 22, 202229
- Sr. Vice President-DevelopmentJulia Gwaltney Jan 7, 2021 to Jan 13, 202230
- VP, CAO and ControllerKayla Baird Apr 6, 2021 to Apr 6, 202131
- OfficerBenjamin Mathis Jul 26, 2018 to Mar 20, 202032
- VP & ControllerTammy Hinkle Jan 30, 2017 to Apr 1, 202133
- Vice PresidentJohn A. Brooks Dec 13, 2011 to Jan 29, 201934
- Vice PresidentMichael E. Stamper Dec 14, 2011 to Feb 21, 201235
- VP and ControllerJoan C. Sonnen May 26, 2010 to Aug 12, 201436
- VP and ControllerForrest W. McNair May 19, 2008 to Feb 27, 200937
- Executive VPH. Baird Whitehead Jan 11, 2006 to Feb 22, 201038
- Executive VPKeith D. Horton Jan 11, 2006 to Sep 2, 200839
- VP Corporate DevelopmentRonald K. Page Jan 11, 2006 to Mar 20, 200840
- Executive VP and Gen.CounselNancy M. Snyder Nov 13, 2006 to May 18, 201041
- Board memberGarrett Chunn Jun 3, 2022 to Jun 3, 202242
- Board memberEdward Geiser Jan 25, 2021 to Oct 8, 202143
- Board memberJoshua Schmidt Jan 25, 2021 to Jan 25, 202144
- Board memberKevin Cumming Jan 25, 2021 to Jan 25, 202145
- Board memberTemitope Ogunyomi Jan 25, 2021 to Jan 25, 202146
- Board memberRichard Alan Burnett Oct 7, 2021 to Jun 8, 202347
- Board memberDarrin J. Henke Aug 21, 2020 to Aug 30, 202115
- Board memberJeff E. Wojahn Sep 5, 2019 to Mar 15, 202348
- Board memberTiffany J. Thom Sep 5, 2019 to Mar 15, 202349
- Board memberDavid P. Geenberg Jan 26, 2018 to Jan 26, 201850
- Board memberMichael F. Hanna Jan 29, 2018 to Jan 29, 201851
- Board memberVictor Frank Pottow Sep 12, 2018 to Mar 20, 202052
- Board memberJohn A. Brooks Aug 17, 2017 to Mar 5, 202053
- Board memberMarc T. McCarthy Sep 19, 2016 to Dec 21, 201654
- Board memberDarin G. Holderness Sep 21, 2016 to Mar 4, 202155
- Board memberHarry Quarls Sep 21, 2016 to Dec 21, 201656
- Board memberJerry R. Schuyler Oct 24, 2016 to Mar 20, 202057
- Board memberH. Baird Whitehead Feb 18, 2011 to May 8, 201522
- Board memberJohn U. Clarke Dec 10, 2009 to Oct 1, 201558
- Board memberWilliam H. Shea Jr. Jul 24, 2007 to Feb 16, 201059
- Board memberMarsha Reines Perelman Jan 3, 2006 to Oct 1, 201560
- Board memberMarcke De Lummen Philippe Van Jan 5, 2006 to Jul 1, 201361
- Board memberA. James Dearlove Jan 11, 2006 to Feb 25, 201119
- Board memberKeith D. Horton Jan 11, 2006 to Sep 2, 200839
- Board memberMerrill A. Miller Jr. Feb 6, 2006 to Jan 11, 200762
- Board memberEdward B. Cloues Ii. Feb 17, 2006 to Oct 28, 201563
- Board memberGary K. Wright Feb 17, 2006 to Oct 1, 201564
- Board memberJoe N. Averett Jr. Feb 17, 2006 to May 14, 200765
- Board memberSteven W. Krablin Feb 17, 2006 to Oct 1, 201566
- General counselNancy M. Snyder Jan 11, 2006 to Sep 15, 201667
Former names
Timeline
- Jun 20, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer68
- May 8, 20238-K Results of operations69
- Mar 8, 20238-K Results of operations70
- Feb 28, 20238-K Entered a material agreement; Regulation FD disclosure71
- Nov 2, 20228-K Results of operations72
- Oct 21, 20228-K Results of operations73
- Sep 28, 20228-K Entered a material agreement; New debt or obligation74
- Aug 2, 20228-K Results of operations75
- May 27, 20228-K Executive or director change76
- May 5, 20228-K Shareholder vote77
- May 4, 20228-K Results of operations78
- Apr 15, 20228-K Results of operations; Other events79
- Aug 21, 2020New chief executive Darrin J. Henke becomes CEO15
- Nov 18, 2019New chief executive John A. Brooks becomes CEO16
- Oct 28, 2015New chief executive Edward B. Cloues Ii. becomes CEO17
- May 5, 2011New chief executive H. Baird Whitehead becomes CEO18
- Mar 2, 2006New chief executive Frank A. Pici becomes CEO20
- Jan 11, 2006New chief executive A. James Dearlove becomes CEO19
Calendar
When it reported results
- May 8, 2023Reported quarterly or annual results69
- Mar 8, 2023Reported quarterly or annual results70
- Nov 2, 2022Reported quarterly or annual results72
- Oct 21, 2022Reported quarterly or annual results73
- Aug 2, 2022Reported quarterly or annual results75
- May 4, 2022Reported quarterly or annual results78
- Apr 15, 2022Reported quarterly or annual results79
- Mar 8, 2022Reported quarterly or annual results80
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
90 filings to the SEC since October 2021: 3 annual reports, 5 quarterly reports, 19 major events, 28 insider forms, 13 large holders, 22 other. The latest 20:
- Jul 20, 202315-12G EDGAR
- Jul 18, 2023EFFECT EDGAR
- Jul 18, 2023EFFECT EDGAR
- Jul 18, 2023EFFECT EDGAR
- Jul 14, 2023S-8 POS EDGAR
- Jul 14, 2023S-8 POS EDGAR
- Jul 14, 2023S-8 POS EDGAR
- Jul 14, 2023S-8 POS EDGAR
- Jul 14, 2023S-8 POS EDGAR
- Jul 14, 2023POS AM EDGAR
- Jul 14, 2023POS AM EDGAR
- Jul 14, 2023POS AM EDGAR
- Jun 23, 2023SC 13D/A EDGAR
- Jun 22, 20234 OWNERSHIP DOCUMENT EDGAR
- Jun 22, 20234 OWNERSHIP DOCUMENT EDGAR
- Jun 22, 20234 OWNERSHIP DOCUMENT EDGAR
- Jun 22, 20234 OWNERSHIP DOCUMENT EDGAR
- Jun 22, 20234 OWNERSHIP DOCUMENT EDGAR
- Jun 22, 20234 OWNERSHIP DOCUMENT EDGAR
- Jun 22, 20234 OWNERSHIP DOCUMENT EDGAR
The 90 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 7, 2023 | Burnett Richard Alan | Sale | 4,000 | $39.80 | $159.2K | Form 4 |
| May 22, 2023 | Burnett Richard Alan | Sale | 5,000 | $39.00 | $195.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Magnetar Financial LLCSC 13D/A, 2 filings May 12, 2023 to Jun 23, 202381
- Juniper Capital III GP, L.P.SC 13D/A, 2 filings Mar 2, 2023 to Jun 21, 202382
- Hotchkis & Wiley Capital ManagementSC 13G/A, 2 filings Feb 11, 2022 to Feb 14, 202383
- State Street CorporationSC 13G/A, 2 filings Feb 10, 2022 to Feb 10, 202384
- VANGUARD GROUP INCSC 13G/A, 2 filings Feb 10, 2022 to Feb 9, 202385
- BlackRockSC 13G/A, 2 filings Feb 7, 2022 to Jan 23, 202386
- MILLENNIUM MANAGEMENT LLCSC 13G, 1 filing Nov 28, 202287
SEC filer profile
How BAYTEX ENERGY USA, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBAYTEX ENERGY USA, INC.1
- CIK0000077159
- Employer ID (EIN)76-03894871
- Filer statusAccelerated filer1
- Incorporated inDelaware1
- Fiscal year endsDecember 311
- Industry code (SIC)1311 Crude Petroleum & Natural Gas1
- Business address16285 Park Ten Place, Suite 500, Houston, TX 770841
- Phone71372265001
- Shares outstanding43,664,292 as of Mar 4, 20227
- Public float$669.5M as of Jun 30, 202288
- On EDGAR sinceFeb 11, 19941
- Filings2,244 in all: 4 (1,089), 8-K (306), SC 13G/A (108), 10-Q (88), 5 (71), SC 13G (67), 4/A (58), 3 (52)1
All 57 form types
SC 13D/A (51), 425 (44), DEF 14A (28), CORRESP (27), 10-K (25), UPLOAD (25), S-8 (17), EFFECT (13), 424B3 (12), 8-K/A (12), ARS (12), SC 13D (12), 11-K (11), DEFA14A (10), S-3 (8), S-8 POS (8), 424B5 (7), FWP (7), PRE 14A (6), S-3/A (6), SC TO-I/A (5), 10-K/A (4), 10-K405 (4), 3/A (4), POS AM (4), 10-Q/A (3), 25-NSE (3), 5/A (3), 8-A12B (3), DFAN14A (3), S-3ASR (3), 15-12G (2), 8-A12B/A (2), CT ORDER (2), DEFM14A (2), PRRN14A (2), S-1/A (2), S-4 (2), 424B1 (1), CERTNAS (1), DEF 14C (1), DEFN14A (1), NT 10-Q (1), NT 11-K (1), PREC14A (1), PX14A6G (1), S-1 (1), S-3MEF (1), SC TO-I (1)
- Latest filingsAnnual report (10-K) Mar 9, 2023
Quarterly report (10-Q) May 9, 2023
Proxy statement (DEF 14A) Apr 1, 2022
Latest 8-K (8-K) Jun 20, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 21SEC EDGARHarry Quarls, Chair
- 22SEC EDGARH. Baird Whitehead, President
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- 29SEC EDGARRussell T. Kelley Jr., Officer
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- 31SEC EDGARKayla Baird, VP, CAO and Controller
- 32SEC EDGARBenjamin Mathis, Officer
- 33SEC EDGARTammy Hinkle, VP & Controller
- 34SEC EDGARJohn A. Brooks, Vice President
- 35SEC EDGARMichael E. Stamper, Vice President
- 36SEC EDGARJoan C. Sonnen, VP and Controller
- 37SEC EDGARForrest W. McNair, VP and Controller
- 38SEC EDGARH. Baird Whitehead, Executive VP
- 39SEC EDGARKeith D. Horton, Executive VP
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- 42SEC EDGARGarrett Chunn, Board member
- 43SEC EDGAREdward Geiser, Board member
- 44SEC EDGARJoshua Schmidt, Board member
- 45SEC EDGARKevin Cumming, Board member
- 46SEC EDGARTemitope Ogunyomi, Board member
- 47SEC EDGARRichard Alan Burnett, Board member
- 48SEC EDGARJeff E. Wojahn, Board member
- 49SEC EDGARTiffany J. Thom, Board member
- 50SEC EDGARDavid P. Geenberg, Board member
- 51SEC EDGARMichael F. Hanna, Board member
- 52SEC EDGARVictor Frank Pottow, Board member
- 53SEC EDGARJohn A. Brooks, Board member
- 54SEC EDGARMarc T. McCarthy, Board member
- 55SEC EDGARDarin G. Holderness, Board member
- 56SEC EDGARHarry Quarls, Board member
- 57SEC EDGARJerry R. Schuyler, Board member
- 58SEC EDGARJohn U. Clarke, Board member
- 59SEC EDGARWilliam H. Shea Jr., Board member
- 60SEC EDGARMarsha Reines Perelman, Board member
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- 62SEC EDGARMerrill A. Miller Jr., Board member
- 63SEC EDGAREdward B. Cloues Ii., Board member
- 64SEC EDGARGary K. Wright, Board member
- 65SEC EDGARJoe N. Averett Jr., Board member
- 66SEC EDGARSteven W. Krablin, Board member
- 67SEC EDGARNancy M. Snyder, General counsel
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- 69SEC EDGARResults of operations
- 70SEC EDGARResults of operations
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- 72SEC EDGARResults of operations
- 73SEC EDGARResults of operations
- 74
- 75SEC EDGARResults of operations
- 76SEC EDGARExecutive or director change
- 77SEC EDGARShareholder vote
- 78SEC EDGARResults of operations
- 79SEC EDGARResults of operations; Other events
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