Battalion Oil Q3 net loss $57.7M, revenue falls to $54.1M

BATTALION OIL CORP

2023-Q3 EPS reported -$2.56 revenue$173,520,000

Net loss available to common $57.7M ($3.50/share); adjusted net loss $12.0M ($0.72/share).
Sales volumes 12,717 Boe/d (46% oil), revenue $54.1M, down from $99.1M YoY on lower prices.
Executed $38M preferred equity raise in Sept, obtained commitments for additional $55M in Nov.
Recommenced drilling in Monument Draw; two-well pad expected online early 2024.
Debt $210.2M, cash $42.6M; exploring strategic alternatives.

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 0.95

BATTALION OIL CORP reported third quarter of 2023 results: revenue $54.1 million, net income net loss available to common stockholders of $57.7 million, EPS net loss of $3.50 per share available to common stockholders.

Period: third quarter of 2023
Revenue: $54.1 million
Net income: net loss available to common stockholders of $57.7 million
EPS: net loss of $3.50 per share available to common stockholders
Result: reported results

Exact text from the filing

Average daily net production and total operating revenue during the third quarter of 2023 were 12,717 Boe/d (46% oil) and $54.1 million, respectively, as compared to production and revenue of 16,228 Boe/d (50% oil) and $99.1 million, respectively, during the third quarter of 2022.

View on SEC.gov

Browse all earnings releases →

BATTALION OIL CORP filing history →

Source: SEC EDGAR

accession 0001558370-23-019121

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.