secwatch.observer — SEC 8-K summary
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Issuer:     BATTALION OIL CORP (BATL)
CIK:        0001282648
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001558370-23-019121
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282648/000155837023019121/0001558370-23-019121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282648/000155837023019121/batl-20231115x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-019121

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer