Battalion Oil Corporation filings document the public-company record for an independent oil and natural gas operator with common stock listed on the NYSE American. Current reports describe material agreements, completed asset acquisitions and dispositions, operating and financial results, gas treating and midstream arrangements, common-stock issuance programs, preferred-stock conversions, warrants, and other capital-structure matters.
Proxy materials cover annual stockholder voting, director elections, auditor ratification, board and committee governance, and executive compensation disclosures. The filing record also includes Regulation FD disclosures, non-GAAP financial measure reconciliations, and risk, liquidity, reserves, and operational context related to Battalion Oil's Delaware Basin asset base.
Battalion Oil Corporation reported stronger quarterly results while posting a year-to-date loss. For the three months ended June 30, 2026, total operating revenues were $48.1 million, up from $42.8 million a year earlier, and net income was $15.5 million versus $4.8 million, driven partly by a $13.1 million net gain on derivative contracts. Net income available to common stockholders was $9.1 million, or $0.34 per diluted share, compared with a loss of $0.21 per share in 2025.
For the first six months of 2026, revenues were $87.3 million versus $90.3 million, and Battalion recorded a net loss of $41.0 million, mainly due to a $34.9 million net derivative loss. Liquidity improved as cash and cash equivalents rose to $83.1 million and term loan face value declined to $162.5 million, aided by $60.1 million of West Quito asset sale proceeds, equity raises under a new $150 million ATM program, and preferred stock reclassification and conversion. A new 2026 term loan agreement extended maturity to December 31, 2029 and reduced the interest margin, while a joint exploration and development agreement in Monument Draw and the Sundown acreage acquisition expanded the development portfolio.
Battalion Oil Corporation reported stronger financial and operating results for the quarter ended June 30, 2026. Total operating revenues were $48.1 million, up from $42.8 million a year earlier, driven mainly by a $6.48 per Boe increase in realized prices despite slightly lower production of 12,407 Boe/d versus 12,989 Boe/d.
The company generated net income of $15.5 million and net income available to common stockholders of $9.1 million, or $0.34 per share, compared with a loss to common stockholders in the prior-year quarter. Adjusted diluted results remained a loss of $4.9 million, and Adjusted EBITDA declined to $12.3 million from $18.1 million. Lease operating costs per Boe fell meaningfully, while gathering and G&A costs rose. Liquidity improved, with $83.1 million in cash and $88.4 million of total liquidity and term loan debt of $162.5 million, and the company refinanced its senior secured facility, extending maturity to December 31, 2029 and adding up to $175.0 million of delayed draw capacity. Management highlighted reduced leverage to below 1.5x, completion of midstream expansions at Monument Draw ahead of schedule and under budget, a new joint development agreement, and an at-the-market equity program to support future flexibility.
Battalion Oil Corporation received an ownership update from Gen IV Investment Opportunities and related parties following a preferred stock repurchase and conversion on August 7, 2026. The company repurchased 5,138 shares of Series A Preferred Stock and 6,578.11 shares of Series A‑1 Preferred Stock from Gen IV for an aggregate $19,000,000 purchase price. Concurrently, Gen IV converted its remaining Series A‑1, Series A‑2, Series A‑3 and Series A‑4 Preferred Stock into 3,494,258 common shares, representing 14.14% of the common stock based on 22,018,849 shares outstanding as of May 8, 2026 plus the converted shares. After closing, Gen IV holds no preferred stock and its beneficial position consists solely of these common shares. Gen IV also agreed for 12 months to vote in favor of board nominees and auditor ratification and to a lock‑up restricting transfers or hedging of its voting securities, subject to specified exceptions.
Gen IV Investment Opportunities, LLC, a more-than-10% holder of Battalion Oil, entered into a Preferred Stock Repurchase and Conversion Agreement with the company on August 7, 2026. Battalion Oil repurchased 5,138 Series A and 6,578.11 Series A-1 Redeemable Convertible Preferred shares from Gen IV for an aggregate $19,000,000. In the same agreement, 1,231.89 Series A-1, 6,630 Series A-2, 3,789 Series A-3 and 3,789 Series A-4 preferred shares were converted into an aggregate of 3,494,259 common shares, with no additional consideration paid. LSP Generation IV, LSP Investment Advisors and Paul Segal report these transactions but disclaim beneficial ownership except to the extent of their pecuniary interest.
Battalion Oil Corporation entered into a Preferred Stock Repurchase and Conversion Agreement with Gen IV Investment Opportunities, LLC. Battalion agreed to repurchase 5,138 Series A and 6,578.11 Series A-1 Redeemable Convertible Preferred shares from Gen IV for an aggregate $19,000,000. Gen IV elected to convert additional Series A‑1, A‑2, A‑3 and A‑4 Preferred shares into an aggregate of 3,494,258 shares of common stock. The repurchased preferred shares will be retired and cancelled, and after closing Gen IV will no longer hold any preferred stock.
In a related Voting and Lock-Up Agreement, Gen IV agreed for 12 months, or until it and its affiliates no longer hold any voting securities, to vote in favor of company director nominees in uncontested elections and ratification of the independent auditor as recommended by the board, and accepted a customary lock-up on its designated securities. The common stock issuance relied on the Section 4(a)(2) exemption under the Securities Act of 1933.
Battalion Oil Corp Chief Operating Officer Daniel P. Rohling reported equity compensation activity. On July 15, 2026 he received 256,887 restricted stock units (RSUs), each representing one share of common stock, vesting in four equal annual installments beginning July 15, 2027. On July 16, 2026, 6,468 common shares were withheld at $1.20 per share to cover tax obligations upon settlement of vested RSUs, leaving him with 20,096 directly held common shares.
Steele Matthew reported acquisition or exercise transactions in this Form 4 filing.
Battalion Oil Corp reported that Chief Executive Officer Matthew Steele received a grant of 283,100 restricted stock units on July 15, 2026. Each RSU represents a contingent right to receive one share of common stock. The award vests in four equal annual installments beginning July 15, 2027, and results in a directly held RSU position of 283,100 units.
Battalion Oil Corp SVP and General Counsel Walter R. Mayer reported two equity-related transactions. On July 16, 2026, 2,376 common shares were withheld at $1.20 per share to satisfy tax withholding obligations on vested RSUs, leaving 6,653 common shares held directly. On July 15, 2026, he received a grant of 83,880 restricted stock units, each representing a contingent right to one common share, vesting in four equal annual installments beginning July 15, 2027.
Martin Charles E reported acquisition or exercise transactions in this Form 4 filing.
Battalion Oil Corp reported that VP, Controller Charles E. Martin received a grant of 68,154 restricted stock units (RSUs) on July 15, 2026. Each RSU represents one share of common stock and vests in four equal annual installments beginning July 15, 2027. Following the award, Martin directly holds 68,154 RSUs.
Battalion Oil Corporation refinanced its senior secured credit facility through a Third Amended and Restated Senior Secured Credit Agreement. The new structure maintains $162.5 million of term loans, adds up to $175.0 million of discretionary delayed draw capacity, and extends debt maturity to December 31, 2029.
Borrowings now accrue interest at SOFR plus a fixed 6.50% margin (or ABR plus 5.50%) with a 0.15% credit spread adjustment, replacing a higher leverage-based grid. The company highlights reduced borrowing costs, deferred principal amortization beginning in the quarter ending June 30, 2027, and enhanced liquidity to support its Monument Draw development program and broader strategic objectives.