---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-017818"
form_type: "8-K"
ticker: "BATL"
cik: "0001282648"
company_name: "BATTALION OIL CORP"
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T19:37:49.805872+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-017818
- form_type: 8-K
- ticker: BATL
- cik: 0001282648
- company_name: BATTALION OIL CORP
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282648/000155837022017818/0001558370-22-017818-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282648/000155837022017818/batl-20221114x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-017818
- JSON: https://secwatch.observer/filing/0001558370-22-017818.json
- Plain text: https://secwatch.observer/filing/0001558370-22-017818.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282648/000155837022017818/0001558370-22-017818-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.