Quarterly ResultMay 13, 2026, 04:52 PM
Battalion Oil Q1 Net Loss $56.5M; Divests Assets, Acquires Acreage
AI Summary
Battalion Oil Corporation reported a net loss of $56.5 million for Q1 2026, a significant decline from a $6.0 million net income in Q1 2025, primarily due to a $48.0 million net loss on derivative contracts. Total operating revenues decreased to $39.2 million from $47.5 million year-over-year. During the quarter, the company completed the West Quito Divestiture for $60.1 million, using $45.6 million to repay debt, and acquired 7,090 net acres in an all-stock transaction (Sundown Acquisition).
Key Highlights
- Reported a net loss of $56.5 million in Q1 2026, compared to net income of $6.0 million in Q1 2025.
- Experienced a $48.0 million net loss on derivative contracts in Q1 2026, versus a $9.3 million gain in Q1 2025.
- Total operating revenues decreased to $39.2 million in Q1 2026 from $47.5 million in Q1 2025.
- Completed West Quito Divestiture for $60.1 million, using $45.6 million to repay debt.
- Acquired 7,090 net acres in Ward County, Texas, via Sundown Acquisition, issuing 485,000 common shares.
- Net loss per common share was $(3.72) in Q1 2026, compared to $(0.35) in Q1 2025.
- Net cash provided by operating activities decreased to $2.1 million from $12.7 million year-over-year.
- Total stockholders' equity improved to $157.1 million from a $(32.8) million deficit at December 31, 2025.