secwatch.observer — SEC 8-K summary
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Issuer:     BATTALION OIL CORP (BATL)
CIK:        0001282648
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001558370-24-008301
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282648/000155837024008301/0001558370-24-008301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282648/000155837024008301/batl-20240515x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-008301

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