Welcome to our dedicated page for Battalion Oil news (Ticker: BATL), a resource for investors and traders seeking the latest updates and insights on Battalion Oil stock.
Battalion Oil Corporation (NYSE American: BATL) is an independent energy company focused on the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States. The BATL news page on Stock Titan aggregates company press releases and related coverage so readers can follow how Battalion’s operations, financing decisions and strategic actions evolve over time.
According to its recurring earnings announcements, Battalion regularly reports on quarterly financial and operating results, including sales volumes in barrels of oil equivalent per day, oil mix, operating revenues and key expense metrics. These releases often highlight developments in core fields such as Monument Draw, Hackberry Draw and West Quito, including the progress of six-well drilling programs, pad completions and well performance relative to the company’s internal type curves.
News items also cover infrastructure and cost-related updates, such as the status of the company’s acid gas injection (AGI) facility, which has treated sour gas and returned sweet gas for sale to a midstream partner, and the impact of that facility’s operation or downtime on gathering and treating expenses. Battalion’s communications further address capital structure and liquidity topics, including term loan refinancings, preferred equity raises and amendments to its senior secured credit agreement.
In addition, the company’s releases describe strategic initiatives, including the previously announced and later terminated Merger Agreement with Fury Resources, Inc., the ongoing evaluation of strategic alternatives, and the Agreement of Sale and Purchase to divest substantially all of its West Quito Draw properties to MCM Delaware Resources, LLC. Regulatory and listing matters, such as NYSE American’s acceptance of Battalion’s plan to regain compliance with continued listing standards, are also disclosed through news and related 8-K filings. Investors and observers can use the BATL news feed to review these categories of information in one place and compare how operational performance, asset portfolio changes and capital decisions are discussed over successive quarters.
Battalion Oil Corporation (BATL) reported second quarter 2020 results, showing a total revenue of $18.5 million with crude oil making up 85%. Adjusted G&A decreased to $2.08/Boe from $5.47/Boe in 2019. The company generated an Adjusted LTM EBITDA of $98 million, a 70% increase from Q2 2019. Despite a net loss of $127.3 million due to impairments, Battalion maintains a net leverage below 2.00x and has hedged significant oil volumes for 2020-2022 at favorable prices. The company aims to focus on free cash flow and debt reduction moving forward.
Battalion Oil Corporation (NYSEA: BATL) reported its Q1 2020 results, revealing average daily net production of 18,791 Boepd, with oil contributing 10,297 Bopd. Total revenue reached $47.4 million, primarily from oil sales, despite the impact of hedge settlements. Operating costs decreased significantly to $18.20 per Boe from $25.49 per Boe in Q1 2019. The company's net income was $114.5 million, equating to $7.07 per share, alongside an adjusted EBITDA of $23.5 million. Battalion's liquidity stood at $26.5 million, and it has hedged oil production at favorable prices for 2020-2022.