secwatch.observer — SEC 8-K summary
======================================

Issuer:     BATTALION OIL CORP (BATL)
CIK:        0001282648
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001558370-24-004420
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Battalion Oil Q4 2023: net income $27M, adjusted loss $1.01/sh; production falls 23% YoY
--------------------------------------------------------------------------------

- Q4 2023 rev $47.2M (down 39% from $76.8M); avg daily prod 12,022 Boe/d (down 23% YoY).
- Net income $27.0M ($1.63 diluted EPS); adjusted diluted net loss $16.6M ($1.01/sh).
- Adjusted EBITDA $10.0M vs $22.7M in Q4 2022; G&A rose to $4.93/boe on merger costs.
- Two Glacier pad wells IP'd over 1,950 & 1,750 Boe/d; AGI project online, expected $2M/mo savings.
- Full year 2023 sales 13,784 Boe/d; year-end reserves 68.1 MMBoe; $55M preferred equity raised.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282648/000155837024004420/0001558370-24-004420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282648/000155837024004420/batl-20240329x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-004420

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