Baytex Energy Corp.

Thank you for standing by. This is the conference operator. Welcome to the Paytex Energy Corp fourth quarter 2025 financial and operational 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 one 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 Ektor, Senior Vice President, Capital Markets and Investor Relations. Please go ahead.

Thank you, Ishita. Good morning and welcome to BayTex's fourth quarter full year 2025 results conference call. Joining me today are Eric Greger, our CEO, Chad Lundberg, our President and COO, and Chad Kalmakoff, our CFO. 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. On the call today, we will also be discussing the evaluation of our reserves at year-end 2025. These evaluations have been prepared in accordance with Canadian disclosure standards, which are not comparable in all respects to the United States or other disclosure standards. Our remarks regarding reserves are also forward-looking statements. All dollar amounts referenced in our remarks are in Canadian dollars unless otherwise specified. And after our prepared remarks, we will open the call for questions from analysts. Webcast participants can also submit questions online. So with that, let me turn the call over to Eric.

Thanks, Brian. Good morning, everyone. 2025 was a defining year for Baytex. With the closing of the Eagleford sale in December, we successfully completed the repositioning of this company into a focused, high-return Canadian oil producer. This is our first call since that milestone, and it's a significant upshift in the trajectory. BATEX is a technically driven organization with an industry-leading balance sheet. By exiting the year in a net cash position, we have established a premier platform built for discipline, long-term value creation. We are entering 2026 with a clear strategy and the financial flexibility to navigate any market environment. With this strategic pivot now complete, it is the right time to formalize our leadership transition. As we announced yesterday, Chad Lundberg will succeed me as CEO following our AGM in May. Chad has been a valuable partner to me and to this organization, and his promotion is the result of a deliberate, structured succession process to help ensure our positive momentum remains uninterrupted. I have complete confidence in Chad's leadership and ability to drive our next chapter. I'm proud of the foundation we've built together. BATEX is in excellent shape and I look forward to its continued success under Chad's leadership. I now turn the call over to Chad Lundberg for his remarks and a detailed operational overview.