{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-009873","form_type":"8-K","ticker":"BATL","cik":"0001282648","company_name":"BATTALION OIL CORP","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.259937+00:00","generated_at":"2026-06-15T00:44:52.683330+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Battalion Oil Q1 2023 net income $22.8M ($1.28 EPS), revenue $65.1M; cuts corporate workforce 44%","bullets":["Net income of $22.8M (diluted EPS $1.28), adjusted net loss $0.7M (-$0.04/sh). Revenue $65.1M (down from $81.6M in Q1 2022).","Sales volumes 16,200 Boe/d (50% oil) vs 14,767 Boe/d in Q1 2022. Adjusted EBITDA $26.1M (vs $11.8M).","Corporate workforce reduced 44% in April; expects up to 40% reduction in cash G&A run rate vs 2022.","Acid gas injection facility ramping up; expected to save up to $2.5M/month in treating fees once fully online.","Liquidity $23.2M cash; $230.3M debt; issued $24.4M net from convertible preferred stock in March."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-009873","json":"https://secwatch.observer/filing/0001558370-23-009873.json","markdown":"https://secwatch.observer/filing/0001558370-23-009873.md","text":"https://secwatch.observer/filing/0001558370-23-009873.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1282648/000155837023009873/0001558370-23-009873-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1282648/000155837023009873/batl-20230515x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:44:52.683330+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7fb7341cca61dae6c0a2030d18c582a8c4bc2262","claim":"BATTALION OIL CORP reported the first quarter of 2023 results: revenue $65.1 million, net income $22.8 million, EPS $1.28.","evidence_excerpt":"Average daily net production and total operating revenue during the first quarter of 2023 were 16,200 Boe/d (50% oil) and $65.1 million, respectively, as compared to production and revenue of 14,767 Boe/d (50% oil) and $81.6 million, respectively, during the first quarter of 2022. The decrease in revenues in the first quarter of 2023 as compared to the first quarter of 2022 is primarily attributable to an approximate $17.18 decrease in average realized prices (excluding the impact of hedges), partially offset by an increase in average production volumes over the periods. Excluding the impact of hedges, Battalion realized 95% of the average NYMEX oil price during the first quarter of 2023. Realized hedge losses totaled approximately $1.5 million during the first quarter 2023. Lease operating and workover expense was $8.94 per Boe in the first quarter of 2023 versus $9.32 per Boe in the first quarter of 2022. The decrease in lease operating and workover expense per Boe year-over-year is","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1282648/000155837023009873/0001558370-23-009873-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2023"},{"label":"Revenue","value":"$65.1 million"},{"label":"Net income","value":"$22.8 million"},{"label":"EPS","value":"$1.28"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}