Baytex Announces 2026 Budget, Three-Year Outlook, Executive Appointment, and Board of Director Changes
Calgary, Alberta--(Newsfile Corp. - December 22, 2025) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "Company") is pleased to announce its 2026 budget, three-year outlook, executive appointment and Board of Director changes. Highlights 2026 capital budget of $550 to $625 million, targeting 3% to 5% production growth and prioritizing meaningful shareholder returns Improved sustaining breakeven price(1) of US$52/bbl and strong liquidity position Significant portion of Eagle Ford sale proceeds to be returned to shareholders; NCIB to resume, SIB under consideration, and annual dividend expected to be maintained Three-year outlook demonstrates value of streamlined portfolio with sustainable growth at US$60-65 WTI Updated $750 million credit facility extends maturity to 2030 Chad E.