secwatch.observer — SEC 8-K summary
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Issuer:     BATTALION OIL CORP (BATL)
CIK:        0001282648
Form:       8-K
Filed at:   2026-05-13T20:44:33+00:00
Accession:  0001104659-26-060323
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282648/000110465926060323/0001104659-26-060323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282648/000110465926060323/batl-20260513x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-060323

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer