| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 39.06 | 17.6% |
| Total Income | 39.06 | 17.6% |
| Expenditure | 41.31 | 6.3% |
| PBT | -56.48 | 1038.2% |
| Net Profit | -56.48 | 1038.2% |
| OPM | -5.46% | 12.62pp |
| NPM | — | |
| EPS | -3.72 | 962.9% |
Battalion Oil Corp Reports Q1 2026 Results: Sales Volumes at 12,578 Boe/d
14 May 2026 · 14 May, 2:16 am
Summary
Battalion Oil Corporation announced its financial and operating results for the first quarter of 2026. The company reported sales volumes of 12,578 Boe/d, an increase from the previous quarter. The sale of West Quito Assets significantly reduced the company's debt. Management is focused on improving the balance sheet and maximizing returns from Monument Draw, with ongoing strategic negotiations expected to further improve the financial position and reduce operating costs.
Key Highlights
- 1
Battalion Oil Corporation ended the quarter with positive equity of $157.1 million.
- 2
Net debt was reduced to $108.3 million compared to $180.2 million in Q4 2025.
- 3
The company divested West Quito Assets for net proceeds of $60.1 million, using $45.6 million to repay the Term Loan.
- 4
First quarter 2026 sales volumes reached 12,578 barrels of oil equivalent per day (Boe/d), a rise from 11,207 Boe/d in Q4 2025.
- 5
Lease operating and workover expense per BOE decreased by approximately 24% compared to Q4 2025.
- 6
A private placement to an institutional investor resulted in gross proceeds of $15.0 million through the purchase of common stock at $5.50 per share.
- 7
The company acquired 7,090 net acres and production adjacent to the Monument Draw asset for 485,000 shares of common stock.
Management Comments
Matt Steele
We continue to focus on improving our balance sheet and maximizing returns from our holdings in Monument Draw. Q1 2026 was an inflection point for the Company. The sale of our West Quito Assets transformed our leverage profile. Changing our gas midstream partner has been a gamechanger for the operational reliability of the Company. The team continued to improve field operations, lowering unit costs in all categories. Moving forward we are working to execute definitive documents for a refinancing, a carried drilling venture, and oil on pipe infrastructure. A refinancing will lower our cost to service debt as well as give additional flexibility for development of the asset base. The carried drilling deal will move the Company toward multiple bench “cube” style development that has been very successfully employed by offset operators. We expect to execute definitive documents and commence drilling in late Q2 2026. Transporting our crude to sales point via pipeline rather than trucking will both save money and reduce environmental exposure. This project is expected to come online in early Q3 2026 and save the Company up to $6 million annually. 2026 has been and continues to be a very exciting year for the Company.”
Informational and educational content only. Not investment advice.