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.

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