BAYTEX ENERGY CORP.

Baytex Energy Corp. filed a Form 6-K to announce a change in its Agent for Service of Process. The new agent, Puglisi & Associates, will serve for the company's existing Registration Statements on Form F-3 and Form S-8. This administrative update ensures continued compliance with SEC requirements.

Baytex Energy Corp. announced the renewal of its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 70,899,359 common shares. This renewed program, effective from July 2, 2026, to July 1, 2027, represents 10% of its public float and provides flexibility to return capital to shareholders and improve per-share metrics. The company also noted that under its previous NCIB, it repurchased 56,372,803 common shares at an average price of CAD $5.38.

Baytex Energy Corp. reported strong first-quarter 2026 results, exceeding production guidance and generating $151 million in adjusted funds flow. The company announced the completion of its CEO transition, with Chad Lundberg assuming the role. Baytex also raised its 2026 production guidance and nearly doubled its three-year growth outlook, while maintaining a strong net cash position and continuing share repurchases.

Baytex Energy Corp. reported strong first-quarter 2026 results, with production exceeding guidance at 69,478 boe/d. The company raised its 2026 production guidance to 69,000-71,000 boe/d and nearly doubled its three-year annual production growth outlook to 6-8%. Chad Lundberg officially assumed the role of President and CEO, and the company announced other executive appointments. Baytex also repurchased 35.1 million common shares for $174 million and ended the quarter with $591 million in net cash.

Baytex Energy Corp. announced that all matters presented at its annual meeting of shareholders on May 7, 2026, were approved. Shareholders representing 50.00% of the company's outstanding common shares participated in the meeting. All eight director nominees were elected, KPMG LLP was re-appointed as auditor, and the non-binding advisory resolution on executive compensation was approved.

Baytex Energy reported a net loss of $(67.3) million CAD for Q1 2026, a significant shift from a net income of $69.6 million CAD in Q1 2025, primarily driven by a substantial financial derivatives loss of $150.8 million CAD. Despite the loss, the company achieved strong operational performance with production increasing by 11% to 69,478 boe/d and executed $174.3 million CAD in share repurchases. Baytex also declared a quarterly dividend of $0.0225 per share and completed the final closing adjustments for its divested U.S. Eagle Ford operations.