Battalion Oil reports Q1 net loss $64.8M; sells West Quito assets to cut debt 40%

BATTALION OIL CORP

Net loss $64.8M ($3.72/share); adjusted loss $16.2M ($0.93/share) on $39.2M revenue.
Divested West Quito for $60.1M, repaid $45.6M term loan; net debt fell to $108.3M.
Production rose to 12,578 Boe/d (47% oil), up 12% from Q4 2025; LOE per BOE down 24%.
Private placement raised $15M at $5.50/share; converted preferred to common shares.
Plans Q2 2026 carried drilling venture and Q3 pipeline to save $6M/year.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BATTALION OIL CORP reported the first quarter of 2026 results: revenue $39.2 million, net income $64.8 million, EPS $3.72 per share.

Period: the first quarter of 2026
Revenue: $39.2 million
Net income: $64.8 million
EPS: $3.72 per share
Result: reported results

Exact text from the filing

Executive Officer of Battalion. Results of Operations Average daily net production and total operating revenue during the first quarter of 2026 were 12,578 Boe/d (47% oil) and $39.2 million, respectively, as compared to production and revenue of 11,900 Boe/d (53% oil) and $47.5 million, respectively, during the first quarter of 2025. The decrease in revenues in the

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Source: SEC EDGAR

accession 0001104659-26-060323

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