Baytex: Q4 Earnings Snapshot

Associated Press Finance
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CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Baytex Energy Corp. (BTE) on Wednesday reported a fourth-quarter loss of $459.7 million, after reporting a profit in the same period a year earlier.

The Calgary, Alberta-based company said it had a loss of 55 cents per share. Earnings, adjusted for asset impairment costs, were 18 cents per share.

The oil and natural gas company posted revenue of $782.7 million in the period.

For the year, the company reported a loss of $172.9 million, or 24 cents per share, swinging to a loss in the period. Revenue was reported as $2.51 billion.

In the final minutes of trading on Wednesday, the company's shares hit $3.45. A year ago, they were trading at $3.87.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BTE at https://www.zacks.com/ap/BTE

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