secwatch.observer — SEC 8-K summary
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Issuer:     BATTALION OIL CORP (BATL)
CIK:        0001282648
Form:       8-K
Filed at:   2026-08-12T20:37:50+00:00
Accession:  0001104659-26-094942
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282648/000110465926094942/0001104659-26-094942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282648/000110465926094942/batl-20260812x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-094942

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