About Baytex

Baytex Energy Corp. is a Calgary-based energy company committed to driving shareholder value through disciplined execution. It operates a high-quality, high-return portfolio in the Western Canadian Sedimentary Basin, featuring the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan. These core assets are backed by an extensive drilling inventory and consistently generate strong cash flow. Baytex’s common shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol BTE.

Creating Energy, Creating Value

PEOPLE AND CULTURE

• We support and empower our employees to deliver our corporate strategy
• We foster a strong culture of safety and continuous improvement

SUSTAINABILITY

• We target modest production growth across our high quality oil weighted portfolio

SHAREHOLDER RETURNS

• Eagle Ford sale delivers net cash balance sheet; significant portion of proceeds to be returned to shareholders
• Share buybacks prioritized; divided maintained at $0.09 per share (annualized)