Battalion Oil Divests Assets for $60.1M, Reports Q2 Net Income $15.5M

Battalion Oil Corporation reported a net income of $15.5 million for Q2 2026, a significant increase from $4.8 million in Q2 2025, with basic EPS rising to $0.34 from $(0.21). For the first half of 2026, the company recorded a net loss of $41.0 million, compared to a $10.8 million income in H1 2025, largely due to a significant net loss on derivative contracts. During the period, Battalion completed the divestment of its West Quito Draw assets for $60.1 million, using proceeds to repay $45.6 million in debt, and acquired Sundown Energy assets for $6.3 million in an all-stock transaction. The company also entered into a joint exploration and development agreement.