Baytex Energy Corp.

Thank you for standing by. This is the conference operator. Welcome to the BATEX Energy Core Third Quarter 2025 Financial and Operating Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity for analysts to ask questions. To join the question queue, you may press star then 1 on your telephone keypad. You may also submit questions in writing at any time using the form in the lower section of the webcast frame. Should you need assistance during the conference call, you may signal an operator by pressing star, then zero. I would now like to turn the conference over to Brian Echter, Senior Vice President, Capital Markets and Investor Relations. Please go ahead.

Thank you, Michael. Good morning and welcome to Bay Texas third quarter 2025 earnings call. I am joined today by Eric Greger, our President and Chief Executive Officer, Chad Kelmikoff, our Chief Financial Officer, and Chad Lundberg, our Chief Operating Officer. Before we begin, please note that our discussion today contains forward-looking statements within the meaning of applicable securities laws. I refer you to the advisories regarding forward-looking statements, oil and gas information, and non-GAAP financial and capital management measures in yesterday's press release. All dollar amounts referenced in our remarks are in Canadian dollars unless otherwise specified And after our prepared remarks, we'll open the call for questions from analysts. Webcast participants can also submit questions online. With that, let me turn the call over to Eric.

Thanks, Brian, and good morning, everyone. Q3 was a strong quarter for BATEX. We delivered record production in the Pembina Duvernay, generated robust free cash flow supported by the strength and reliability of our Canadian heavy oil and U.S. Eagleford operations. and made further progress on debt reduction. Hemina DuVernay set a new quarterly production record, averaging just over 10,000 VOE per day, driven by strong well performance from the third path we brought on stream in September. We also completed a land swap to consolidate our southern DuVernay acreage and commission new gathering and midstream infrastructure with Gibson Energy, both of which will support more efficient development as we scale up. Our heavy oil and Eagleford assets continued to deliver steady volumes and strong cash flow. Heavy oil production grew 5% quarter over quarter, while volumes in Eagleford were up 3%. Commodity prices remained soft in the third quarter, with WTI averaging approximately US $65 per barrel. But our strong operational execution and cost discipline enabled us to generate $143 million in free cash flow and reduce net debt to $2.2 billion. With that, I'll turn the call over to Chad Kalmakoff to discuss our financial results.