Recent 8-K filings for BATL
Highest-materiality recent filing
Battalion Oil says acquirer Fury Resources fails to meet merger funding deadline, seeks alternative financing
- Fury Resources failed to deliver $160M Evidence of Funding by Nov 14; seeks alternative financing.
- Special meeting of stockholders adjourned from Nov 19 to Nov 29, 2024, for alternative financing.
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Battalion Oil reports Q1 net loss $64.8M; sells West Quito assets to cut debt 40%
Net loss $64.8M ($3.72/share); adjusted loss $16.2M ($0.93/share) on $39.2M revenue.
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Battalion Oil enters $150M at-the-market equity facility with Roth Capital
Up to $150M of common stock may be sold from time to time at prevailing market prices.
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Two directors resign from Battalion Oil board; board size cut to four
David Chang resigned as director and Compensation Committee chair, effective March 31, 2026.
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Battalion Oil issues 1.8M common shares upon Series A-2 Preferred conversion at $6.21/share
Issued 1,800,000 shares to Luminus Energy Partners Master Fund on March 30, 2026.
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Battalion Oil Q4 net loss $12.5M, sells West Quito assets for $60.1M, prepays debt
Q4 2025 net loss $12.5M ($0.76/share); adjusted net loss $19.2M ($1.16/share); revenue $32.3M, down 35% YoY.
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Battalion Oil closes all-stock acquisition of 7,090 net acres in Ward County, TX
Issued 485,000 shares to RoadRunner (formerly Sundown) for 7,090 net acres adjoining existing Monument Draw.
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Battalion Oil acquires 7,090 net acres in Ward County, Texas for 485,000 shares
All-stock deal: 485,000 shares of BATL common stock to Sundown for 7,090 acres contiguous to Monument Draw.
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Battalion Oil raises $15M private placement at $5.50/share; Jan oil production up 1,200 bbl/d
Gross proceeds of $15.0M from sale of 1.8M shares and pre-funded warrants; net proceeds ~$14.1M after fees.
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Battalion Oil completes $60.1M sale of West Quito assets; to prepay $40M debt
Sold West Quito Draw assets in Ward County, TX for ~$60.1M cash; effective Dec 1, 2025.
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Terminated Gas Treating Agreement with Wink Amine Treater on Jan 19, 2026, due to its AGI facility being offline since Aug 11, 2025.
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Battalion Oil agrees to sell West Quito Draw properties for $62.59M
Sale includes ~6,207 net acres in Ward County, Texas; proved reserves of ~8 MMBoe (12.4% of 2024 year-end).
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Battalion Oil reports Q3 net loss of $15M; AGI facility outage shuts in 1,600 bbl/d
Q3 net loss $15.0M ($0.91/share); adjusted net loss $15.7M ($0.96/share).
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NYSE American accepted Battalion's compliance plan on Aug 19, 2025, granting a deadline of Nov 30, 2026 to regain compliance.
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Battalion Oil Q2 net loss $3.5M; AGI facility ceases operations Aug 11
Q2 2025 revenue $42.8M, down from $49.1M YoY; net loss $3.5M ($0.21 per share).
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All six director nominees elected, including CEO Matthew B. Steele, at June 12, 2025 annual meeting.
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Battalion Oil faces NYSE American delisting; stockholders' equity negative $(1.8)M
NYSE American notified Battalion Oil of non-compliance with continued listing standards under Sections 1003(a)(i) and (ii).
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Battalion Oil reports Q1 2025 net loss of $5.8M; production down to 11,900 Boe/d
Net loss available to common stockholders of $5.8M ($0.35 loss per share); adjusted diluted loss of $1.00 per share.
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Battalion Oil Q4 2024 net loss $30.9M ($1.88/sh); adjusted loss $0.04/sh
Revenue $49.7M (+5% YoY) on production of 12,750 Boe/d (55% oil).
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Battalion Oil adopts retention plan with $4M base pool for change-in-control incentives
CEO Steele receives $275k total retention bonus ($137.5k each payment) plus $183.75k 2025 bonus prepayment.
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Battalion Oil subsidiary adds $63M term loan at SOFR+7.90% via credit amendment
Halcón Holdings, wholly owned subsidiary of Battalion Oil, entered a first amendment to its credit agreement on Jan 9, 2025, incurring $63M of incremental term loans.
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Battalion Oil enters $162M amended senior secured credit facility with Fortress Credit Corp.
Initial term loan of $162M funded on Dec 26, 2024, replacing existing credit agreement with Macquarie Bank.
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Battalion Oil terminates merger with Fury Resources; retains $10M, demands $15M fee
Board approved termination on Dec 19, 2024; company delivered notice Dec 20, 2024.
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Battalion Oil delays merger vote, extends Fury deal deadline as financing lags
Parent Fury Resources has not yet secured alternative financing to close the merger.
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Battalion Oil holds 2024 annual meeting; all director nominees elected, say-on-pay approved
Stockholders elected six directors: Jonathan D. Barrett, David Chang, Gregory S. Hinds, Ajay Jegadeesan, William D. Rogers, Matthew B. Steele.
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Fury Resources failed to deliver $160M Evidence of Funding by Nov 14; seeks alternative financing.
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Battalion Oil reports Q3 results; amends Fury merger to $7.00/share, special meeting Nov 19
Q3 net income $5.6M ($0.34/share); adjusted diluted net loss $1.31/share.
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Plan adopted Sept 19, 2024; total pool of 229,022 Equity Grant Units; expires Dec 31, 2025 if no change-of-control closes.
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BATL cuts merger price to $7.00/share; Fury secures $548M in total commitments
Merger consideration reduced from $9.80 to $7.00 per common share; all preferred stockholders roll equity.
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Battalion Oil extends merger termination date to Dec 31, 2024; Fury proposes $7.00/share
Sixth Amendment extends merger termination date from Sept 12, 2024 to Dec 31, 2024.
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Battalion Oil amends credit agreement; current ratio covenant relaxed to 0.90:1.00 for Q3 2024
Fourth Amendment allows current ratio of 0.90:1.00 for quarter ending September 30, 2024 (previously 1.00:1.00).
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Battalion Oil Q2 2024 net loss $8.7M; Fury merger offer reduced to $7.00/share
Q2 2024 revenue $49.1M, down from $54.3M YoY; production 12,857 Boe/d.
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Battalion Oil extends merger termination date to Sept 12 as Fury seeks financing
Fifth Amendment to merger agreement moves termination date from June 12 to September 12, 2024.
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Battalion Oil posts Q1 net loss of $36.8M; revenue down 23% YoY to $49.9M
Net loss available to common stockholders of $36.8M, or $2.24 per diluted share; adjusted net loss $17.1M ($1.04/share).
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Battalion Oil raises $19.5M via Series A-4 Preferred Stock issuance to existing holders
Aggregate purchase price of ~$19.5M from funds managed by Luminus, Oaktree, and LSP Investment Advisors.
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Battalion extends deadline for Fury Resources' $200M equity financing condition
Parent Fury failed to deliver required equity financing documents by April 26 deadline.
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Fury Resources fails to deliver financing; Battalion may terminate merger
Fury missed April 26 deadline to deliver Qualifying Additional Financing Documents as required by the Merger Agreement.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.65 · Most common event other_material