Battalion Oil Q4 2022 net loss $7.7M; production 15,696 Boe/d

BATTALION OIL CORP

Net loss to common stockholders $7.7M ($0.47/sh); adjusted net loss $2.6M ($0.16/sh).
Q4 2022 production 15,696 Boe/d (51% oil), revenue $76.8M, vs 17,283 Boe/d and $84.5M in Q4 2021.
Year-end 2022 proved reserves 92.0 MMBoe (54% oil, 50% developed); standardized measure $1.5B.
Issued 25,000 shares of redeemable convertible preferred stock in March 2023 for $24.4M net proceeds.
Hedge book: weighted average crude oil swap strike $69.17 in 2023, 36% increase over 2022 average.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BATTALION OIL CORP reported fourth quarter 2022 results: revenue $76.8 million, net income net loss to common stockholders $7.7 million, EPS net loss per diluted share $0.47.

Period: fourth quarter 2022
Revenue: $76.8 million
Net income: net loss to common stockholders $7.7 million
EPS: net loss per diluted share $0.47
Result: reported results

Exact text from the filing

of our balance sheet.” 1 Results of Operations Average daily net production and total operating revenue during the fourth quarter 2022 were 15,696 Boe/d (51% oil) and $76.8 million, respectively, as compared to production and revenue of 17,283 Boe/d (50% oil) and $84.5 million, respectively, during the fourth quarter 2021. The decrease in revenues

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Source: SEC EDGAR

accession 0001558370-23-005109

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