Battalion Oil reports Q2 2023 net loss of $4.7M, revenue down 46% YoY

BATTALION OIL CORP

2023-Q2 EPS reported $0.86 vs consensus -$0.36 ▲ beat (+340.9%)

Sales volumes of 14,253 Boe/d (49% oil), down from 15,044 Boe/d in Q2 2022.
Revenue $54.3M vs $101.5M YoY; decrease driven by ~$32.44 lower avg realized prices.
Net loss of $4.7M ($0.35/share); adjusted net loss of $6.9M ($0.42/share).
Adjusted EBITDA $16.8M vs $18.2M in Q2 2022; debt $220.3M, cash $18.5M.
Secured $38M preferred equity commitment from existing shareholders; expected close Q3 2023.

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 second quarter of 2023 results: revenue $54.3 million, net income $4.7 million, EPS $0.35 per share available to common stockholders.

Period: second quarter of 2023
Revenue: $54.3 million
Net income: $4.7 million
EPS: $0.35 per share available to common stockholders
Result: reported results

Exact text from the filing

Average daily net production and total operating revenue during the second quarter of 2023 were 14,253 Boe/d (49% oil) and $54.3 million, respectively

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Source: SEC EDGAR

accession 0001558370-23-015136

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