secwatch.observer — SEC 8-K summary
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Issuer:     BATTALION OIL CORP (BATL)
CIK:        0001282648
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001558370-23-015136
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282648/000155837023015136/0001558370-23-015136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282648/000155837023015136/batl-20230821x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-015136

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