Baytex Energy

Direction: Raised

Company outlook: “• Full-year production raised to approximately 71,000 boe/d, a 1,000 boe/d increase from the mid-point of prior guidance, with exploration and development expenditures unchanged at approximately $625 million.”

Company outlook: “2026 Outlook Supported by strong well performance, annual production guidance has been increased to approximately 71,000 boe/d, representing 8% annual production growth in 2026 and a target exit rate of approximately 72,000 boe/d in Q4.”

Company outlook: “Disciplined execution of our capital programs remains a priority, with exploration and development expenditures guidance unchanged at approximately $625 million.”

Company outlook: “This press release contains information that may be considered a financial outlook under applicable securities laws about the Company's potential financial position, including, but not limited to: our 2026 guidance for development expenditures; that we can maintain a net cash position and the expected field-level operating income growth in Duvernay during our 3-year outlook period; and our intentions regarding excess free cash flow; all of which are subject to numerous assumptions, risk factors, limitations and qualifications, including those set forth in the above paragraphs.”

Company outlook: “Strong performance in the Duvernay and across our heavy oil portfolio supported an increase to our 2026 production guidance to approximately 71,000 boe/d, with no change to our exploration and development expenditures guidance of approximately $625 million.”

Company outlook — Raised (“RAISED”)
“1 BAYTEX ANNOUNCES SECOND QUARTER 2026 RESULTS; PRODUCTION GUIDANCE RAISED ON STRONG DUVERNAY AND PEAVINE PERFORMANCE; BOARD APPOINTMENTS ANNOUNCED CALGARY, ALBERTA (July 30, 2026) - Baytex Energy Corp.”

Company outlook — Raised (“raising”)
““Production exceeded the high end of guidance for the second consecutive quarter, and we are raising our full-year production guidance with no change to our capital program.”

Company outlook — Raised (“raised”)
“• Full-year production raised to approximately 71,000 boe/d, a 1,000 boe/d increase from the mid-point of prior guidance, with exploration and development expenditures unchanged at approximately $625 million.”

Company outlook — Raised (“increased”)
“2026 Outlook Supported by strong well performance, annual production guidance has been increased to approximately 71,000 boe/d, representing 8% annual production growth in 2026 and a target exit rate of approximately 72,000 boe/d in Q4.”

Company outlook — Reiterated (“unchanged”)
“Disciplined execution of our capital programs remains a priority, with exploration and development expenditures guidance unchanged at approximately $625 million.”

Company outlook — Reiterated (“maintain”)
“This press release contains information that may be considered a financial outlook under applicable securities laws about the Company's potential financial position, including, but not limited to: our 2026 guidance for development expenditures; that we can maintain a net cash position and the expected field-level operating income growth in Duvernay during our 3-year outlook period; and our intentions regarding excess free cash flow; all of which are subject to numerous assumptions, risk factors, limitations and qualifications, including those set forth in the above paragraphs.”

Company outlook — Raised (“increase”)
“Strong performance in the Duvernay and across our heavy oil portfolio supported an increase to our 2026 production guidance to approximately 71,000 boe/d, with no change to our exploration and development expenditures guidance of approximately $625 million.”

Classified from the release's primary full-year outlook statement.