Battalion Oil Q3 net income $105.9M, adj. EPS $0.24; lowers FY oil production guidance

BATTALION OIL CORP

2022-Q3 EPS reported $1.59 vs consensus -$0.60 ▲ beat (+364.2%)

Net income $105.9M ($6.42 diluted EPS); adjusted net income $4.0M ($0.24 diluted EPS).
Revenue $99.1M vs $80.8M YoY; production 16,228 Boe/d (50% oil) vs 17,728 Boe/d YoY.
Adjusted EBITDA $24.3M vs $23.0M YoY; realized hedge losses $34.5M in Q3.
Revised FY2022 oil production guidance to 7.5–8.5 MBopd; capex reaffirmed $130-$150M.
Term Loan amended to lower current ratio covenant; compliance achieved for Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BATTALION OIL CORP reported third quarter 2022 results: revenue $99.1 million, net income $105.9 million, EPS $6.42. Guidance lowered.

Period: third quarter 2022
Revenue: $99.1 million
Net income: $105.9 million
EPS: $6.42
Guidance: lowered
Result: reported results

Exact text from the filing

Average daily net production and total operating revenue during the third quarter 2022 were 16,228 barrels of oil equivalent per day (“Boepd”) (50% oil) and $99.1 million, respectively, as compared to production and revenue of 17,728 Boepd (53% oil) and $80.8 million, respectively, during the third quarter 2021. The increase in revenues year-over-year is primarily attributable to an approximate $16.75 per Boe increase in average prices (excluding the impact of hedges). Excluding the impact of hedges, Battalion realized 102% of the average NYMEX oil price during the third quarter of 2022. Realized hedge losses totaled approximately $34.5 million during the third quarter 2022. Lease operating and workover expense was $9.93 per Boe in the third quarter of 2022 and $7.95 per Boe in the third quarter of 2021. Adjusted G&A was $2.11 per Boe in the third quarter of 2022 compared to $2.11 per Boe in the third quarter of 2021 (see Selected Operating Data table for additional information). The C

View on SEC.gov

Browse all earnings releases →

BATTALION OIL CORP filing history →

Source: SEC EDGAR

accession 0001558370-22-017818

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.