Highest-materiality recent filing
Battalion Oil Q2 2026: Net income $9.1M, net debt down to $74.2M, leverage 1.36x
Q2 2026 revenue $48.1M, production 12,407 Boe/d (45% oil), net income $9.1M ($0.34/sh).
Battalion Oil repurchases $19M preferred, converts rest to 3.49M common shares
Repurchased 5,138 Series A and 6,578.11 Series A-1 preferred shares for $19M total.
Battalion Oil refinances $162.5M term loan, reduces margin to 6.50% over SOFR
Refinanced $162.5M term loan under new credit agreement; no new cash borrowed, existing lenders rolled over.
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.
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.
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.
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.
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.
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.
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.
Terminated Gas Treating Agreement with Wink Amine Treater on Jan 19, 2026, due to its AGI facility being offline since Aug 11, 2025.
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).
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).
NYSE American accepted Battalion's compliance plan on Aug 19, 2025, granting a deadline of Nov 30, 2026 to regain compliance.
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).
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).
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.
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).
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.
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.
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.
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.
Fury Resources failed to deliver $160M Evidence of Funding by Nov 14; seeks alternative financing.
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.
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.
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.
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).
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.
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.
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).
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.
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.
Battalion Oil extends merger deadline to April 26; termination fee raised to $20M
Parent failed to deliver $200M funding evidence by April 10; Fourth Amendment extends deadline without terminating.
Fury Resources informed Battalion it cannot deliver evidence of $200M aggregate financing by the April 10, 2024 funding deadline.
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).
Sold 20,000 shares Series A-3 Preferred at $975/sh (~$19.5M); 14.5% div, convertible at $6.83 after 120 days.
Battalion amends merger with Fury; Fury missed funding deadline, deposit obligation removed
Fury failed to deposit $15M and deliver $100M financing docs by Feb 15 deadline.
Battalion Oil amends merger pact with Fury; extends deadline, cuts termination fee
Funding deadline extended to Feb 15, 2024; requires $15M escrow deposit by then.
Mr. Steele has assumed the responsibilities of principal financial officer of the Company, effective immediately.
On August 2, 2023, Kristen McWatters notified Battalion Oil Corporation (the “ Company ”) that, effective as of August 4, 2023, she would resign from her position as Executive Vice President, Chief Financial Officer and Treasurer of the Company to pursue other opportunities.
Effective May 9, 2023, the Board appointed Ajay Jegadeesan as a director of the Company, filling the vacancy created by Mr. Li’s departure, to serve until the Company’s next annual meeting of stockholders or until his earlier resignation or removal.
On May 8, 2023, Allen Li, a member of the board of directors (the “ Board ”) of Battalion Oil Corporation (the “ Company ”) and member of the Nominating and Corporate Governance Committee (the “ N&CG Committee ”), notified the Board that, effective as of the date thereof, he was resigning from the Board, including as a member N&CG Committee.
effective immediately, Matthew B. Steele was appointed Chief Executive Officer of the Company and a Director of the Board.
On April 2, 2023, Richard H. Little, Chief Executive Officer and a member of the Board of Directors of the Company (the “Board”), resigned his positions as an officer and director of Battalion Oil Corporation (the “Company”).
Mr. Andrews has agreed to continue with the Company in an advisory role through April 13, 2023.
appointed Kristen McWatters to serve as Executive Vice President, Chief Financial Officer and Treasurer of the Company, effective as of January 26, 2023, replacing R. Kevin Andrews.
Max materiality 0.90 · Median 0.65 · Most common event other_material