Baytex Energy releases investor presentation outlining 6%-8% annual production growth plan

• Baytex outlined a strategy targeting 15% annual total shareholder return at mid-cycle WTI of USD 70 via growth, dividends, buybacks.
• 2026 guidance calls for about 71,000 boe/d production, about 89% oil and NGLs.
• 2026 capital spending set at CAD 625 million, split 55% light oil, 45% heavy oil; maintenance capital of CAD 435 million.
• Net cash position of CAD 0.6 billion reported at June 30, 2026; market capitalization of CAD 4.1 billion.
• Shareholder returns centered on buybacks; share count down 9% through July 30, 2026; NCIB allows repurchase of 71 million shares through July 1, 2027.

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