---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-008301"
form_type: "8-K"
ticker: "BATL"
cik: "0001282648"
company_name: "BATTALION OIL CORP"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T22:45:36.969308+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Battalion Oil posts Q1 net loss of $36.8M; revenue down 23% YoY to $49.9M

## Summary
- Net loss available to common stockholders of $36.8M, or $2.24 per diluted share; adjusted net loss $17.1M ($1.04/share).
- Revenue of $49.9M, down from $65.1M YoY; production fell to 12,989 Boe/d from 16,200 Boe/d.
- Adjusted EBITDA plunged to $9.4M from $26.1M in Q1 2023, reflecting lower production and higher costs.
- AGI project restarted; expects up to $2.0M/month in gas treating cost savings; two new wells with IPs >1,950 Boe/d.
- Raised $40M in preferred equity (March and May 2024); used $17.3M to cut debt to $172.7M as of May 14.

## SEC filing metadata
- accession: 0001558370-24-008301
- form_type: 8-K
- ticker: BATL
- cik: 0001282648
- company_name: BATTALION OIL CORP
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282648/000155837024008301/0001558370-24-008301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282648/000155837024008301/batl-20240515x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-008301
- JSON: https://secwatch.observer/filing/0001558370-24-008301.json
- Plain text: https://secwatch.observer/filing/0001558370-24-008301.txt

## Key facts
- Earnings Releases
  BATTALION OIL CORP reported the first quarter of 2024 results: revenue $49.9 million, net income a net loss available to common stockholders of $36.8 million, EPS a net loss of $2.24 per share available to common stockholders.
  - Period: the first quarter of 2024
  - Revenue: $49.9 million
  - Net income: a net loss available to common stockholders of $36.8 million
  - EPS: a net loss of $2.24 per share available to common stockholders
  - Result: reported results
  source text: per month in gas treating costs. Results of Operations Average daily net production and total operating revenue during the first quarter of 2024 were 12,989 Boe/d (48% oil) and $49.9 million, respectively, as compared to production and revenue of 16,200 Boe/d (50% oil) and $65.1 million, respectively, during the first quarter of 2023. The decrease in revenues in the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282648/000155837024008301/0001558370-24-008301-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.