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.
Luminus Energy Partners Master Fund, Ltd., managed by Luminus Management LLC, reported an internal restructuring of its indirect holdings of Battalion Oil Corp common stock. On April 2, 2026, the Master Fund distributed 379,559 shares of common stock to certain certificate holders who belatedly provided information needed to receive their allocation.
The filing explains that an earlier 5,200,000‑share distribution in kind left 1,145,542 "Segregated Shares" still held by the Master Fund for non‑responding investors, over which it retains voting and disposition power but no economic interest. After the April 2 transaction, the Master Fund’s reported indirect holding stands at 1,626,949 shares, subject to disclaimers that each reporting person only admits beneficial ownership to the extent of its pecuniary interest.
Luminus Management and its affiliates filed an amended ownership report on Battalion Oil Corp, showing significant influence over the company’s common stock. The filing reports beneficial ownership of 14,132,184 shares of common stock, representing 43.4% of the class, including shares issuable upon conversion of multiple Series A preferred stock series.
The amendment explains a prior distribution in kind of 5,200,000 Battalion Oil shares from the Luminus Master Fund to various feeder funds and affiliates. Because some certificate holders did not complete requirements to receive their allocations, 1,145,542 “Segregated Shares” remain held by the Master Fund for their benefit, with 379,559 of those later distributed on April 2, 2026.
Battalion Oil Corporation reported that directors David Chang and Ajay Jegadeesan have resigned from its Board. Chang, formerly Chairman of the Compensation Committee and a member of the Reserves Committee, and Jegadeesan, a member of the Reserves and Nominating & Corporate Governance Committees, will step down effective March 31, 2026. Both stated their departures are not due to any disagreement with the company or its subsidiaries on operations, policies, or practices. The Board has reduced its size to four members for now and is evaluating multiple highly qualified, independent director candidates to potentially appoint replacements and further enhance Board independence and governance.
Battalion Oil Corporation is registering for resale up to 2,727,273 shares of Common Stock through a prospectus covering (i) 1,800,000 issued shares and (ii) 927,273 shares issuable upon exercise of pre-funded warrants. The registration is for the benefit of the selling securityholder and the Company will not receive proceeds from resale transactions, except for any cash paid upon exercise of the Pre-Funded Warrants.
The resale registration satisfies contractual registration rights tied to a private placement on March 3, 2026. The prospectus lists the selling holder as Alyeska Master Fund, L.P., and notes that sales may occur at prevailing market prices, negotiated prices or through various distribution methods described under the plan of distribution.
Luminus Management LLC’s affiliated Master Fund reported sizable net sales and conversions in Battalion Oil common stock and related instruments. On March 30, 2026, the Master Fund converted 7,803 Series A-2 Redeemable Convertible Preferred Shares into 1,800,000 common shares at a conversion price of $6.21 per share, then sold 681,105 common shares at a weighted average price of $5.59.
On March 31, 2026, the Master Fund sold 872,586 common shares at a weighted average price of $3.85 and 336,791 common shares at $4.33. It also sold cash-settled total return swap positions referencing 144,621 notional common shares at $13.78 per share, relinquishing that economic exposure. Following these transactions, the Master Fund’s indirect holdings were 2,006,508 common shares and 9,408 Series A-2 Preferred Shares.
Luminus Management, Luminus Energy Partners Master Fund and Jonathan Barrett report significant ownership in Battalion Oil Corp. They disclose beneficial ownership of 14,511,743 shares of common stock, representing 44.6% of the class, including shares issuable from several series of preferred stock.
On March 30, 2026, Battalion issued 1,800,000 common shares to the Master Fund upon conversion of 7,803 shares of Series A-2 Preferred Stock at a conversion price of $6.21 per share, reflecting adjustments for Unpaid Dividend Accrual. That day the Master Fund sold 681,105 common shares at a weighted average price of $5.57, and on March 31, 2026 it sold another 1,209,377 shares at a weighted average price of $4.03.
The filing bases ownership percentages on 18,256,563 common shares outstanding as of March 18, 2026 plus additional shares issuable from multiple preferred series. Luminus also reports having exited cash-settled total return swap positions referencing 144,621 notional shares, and expressly disclaims beneficial ownership of shares held by certain Voting Agreement Members.
Battalion Oil Corporation ownership update: Blackstone-related reporting persons state that Blackstone Annex Master Fund L.P. directly held 934,123 shares of Battalion Oil Corporation Common Stock as of March 25, 2026, representing 5.1% of the outstanding common stock. The Schedule 13G serves as an exit filing, and the Reporting Persons say they no longer beneficially own any shares as of the filing date.
Battalion Oil Corporation filed a Form 144 notice reporting proposed sales of 1,800,000 common shares tied to the conversion of 7,803 shares of Series A-2 Preferred Stock into common stock on 03/30/2026. The filing lists broker Height Securities LLC (doing business as Height Capital Markets) and shows selling activity by Luminus Management LLC on 03/30/2026 and 03/31/2026, with reported quantities of 681,105 and 1,027,775 common shares and corresponding gross proceeds of $3,793,705.38 and $4,116,011.98 respectively.
Battalion Oil Corporation converted preferred stock into additional common equity. On March 30, 2026, the company issued 1,800,000 shares of common stock to Luminus Energy Partners Master Fund, Ltd. after the conversion of 7,803 shares of its Series A-2 Redeemable Convertible Preferred Stock, using a conversion price of $6.21 per share and including adjustments for any Unpaid Dividend Accrual. The original Series A-2 Preferred Stock financing involved the company’s three largest shareholders, whose representatives held half of the board seats, and was approved by the board based on a recommendation from a special committee of disinterested directors. The new common shares were issued in a private transaction relying on the Section 4(a)(2) exemption from registration under the Securities Act of 1933.