Battalion Oil Q2 2026: Net income $9.1M, net debt down to $74.2M, leverage 1.36x

BATTALION OIL CORP

Q2 2026 revenue $48.1M, production 12,407 Boe/d (45% oil), net income $9.1M ($0.34/sh).
Adjusted diluted net loss $0.11/sh vs $0.65 loss in Q2 2025; Adjusted EBITDA $12.3M vs $18.1M.
Net debt cut to $74.2M (from $108.3M in Q1); leverage ratio 1.36x, first time under 1.5x.
ATM raised $30.3M in Q2 and $25.6M after quarter end; redeemed $42M preferred for $19M cash + 3.5M shares.
Refinanced term loan: fixed 6.50% over SOFR, maturity Dec 2029, $175M delayed draw; drilling starts by end Aug.

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