BTE shifts focus to higher-return Canadian core, divesting Eagle Ford

Rhea-AI Filing Summary

Baytex Energy Corp. (BTE) furnished a Form 6-K announcing its intent to divest its U.S. Eagle Ford assets. The company describes the move as advancing its higher-return Canadian core portfolio, as stated in a news release furnished as Exhibit 99.1 dated November 12, 2025.

This update signals a portfolio shift toward Canada-focused operations. Specific terms of the divestiture are not included in this notice.

Insights

Energy sector strategist

Baytex signals a portfolio shift toward Canada-focused assets.

Baytex Energy disclosed an intention to divest its U.S. Eagle Ford assets, aligning with a stated goal to prioritize a higher-return Canadian core portfolio. This points to strategic concentration rather than expansion.

The effect on production mix, leverage, and cash flow depends on divestiture terms, which are not included in the excerpt. The news release dated November 12, 2025 is the reference point for this shift.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 Under the

Securities Exchange Act of 1934

For the month of November 2025

Commission File Number: 001-32754

BAYTEX ENERGY CORP.

(Exact name of registrant as specified in its charter)

2800, 520 - 3^rd AVENUE S.W.

CALGARY, ALBERTA, CANADA

T2P 0R3

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☐ Form 40-F ☒

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐ No ☒

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

The following document attached as an exhibit hereto is incorporated by reference herein:

Exhibit		Description
99.1		News Release dated November 12, 2025 - Baytex to Divest of U.S. Eagle Ford Assets to Advance Higher-Return Canadian Core Portfolio

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	BAYTEX ENERGY CORP.
	/s/ James R. Maclean
	Name:	James R. Maclean
	Title:	Chief Legal Officer & Corporate Secretary

Dated: November 12, 2025

FAQ

What did Baytex Energy (BTE) announce in its latest 6-K?

Baytex furnished a news release stating it plans to divest its U.S. Eagle Ford assets to advance its higher-return Canadian core portfolio.

What exhibit is included with Baytex Energy’s (BTE) 6-K?

Exhibit 99.1, a News Release dated November 12, 2025, titled “Baytex to Divest of U.S. Eagle Ford Assets to Advance Higher-Return Canadian Core Portfolio.”

What is the stated strategic goal for BTE in this update?

To advance a higher-return Canadian core portfolio.

Does the 6-K include transaction details for the Eagle Ford divestiture?

The notice references the divestiture but does not include specific terms in the excerpt provided.

What is the form type for Baytex Energy’s (BTE) announcement?

Form 6-K.