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Whitecap Resources Inc
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February 2026 Corporate Presentation
| Paul Baay | Page 2 of 11 |
April 16, 2026
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"February 2026 Corporate Presentation"
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2 2 Refer to Slide Notes and Advisories. All amounts in this presentation are in Canadian dollars. 1. Current Market Capitalization. 2. 2026E Canadian Natural Gas Production (mmcf/d). Source: Peters & Co. Research and Company Reports. ~$17 Billion Market Capitalization ~$20 Billion Enterprise Value 372,500 boe/d 2026 Production Guidance $3.3 Billion 2026 Funds Flow $2.05 Billion 2026 Capital Budget $3.4 Billion Dec. 31 st , 2025 Net Debt 1.0x Net Debt / Funds Flow $0.73 per Share Annual Dividend ($0.0608/month) CORPORATE OVERVIEW 7 th Largest Canadian Oil & Gas Producer 1 5 th Largest Canadian Natural Gas Producer 2