Battalion Oil Q1 revenue falls on lower realized prices despite higher output

Battalion Oil

13/05/2026 21:46

Overview

U.S. oil and gas producer's Q1 revenue fell yr/yr despite higher production volumes

Company posted a net loss, mainly due to unrealized non-cash derivative losses

Adjusted EBITDA declined from the prior year as realized prices fell

Outlook

Company expects to execute refinancing and carried drilling venture agreements in late Q2 2026

Battalion Oil expects pipeline project to come online in early Q3 2026, saving up to $6 mln annually

Company says ongoing strategic negotiations should further improve balance sheet and reduce operating costs

Result Drivers

LOWER REALIZED PRICES - Co said revenue decline was primarily due to a drop in average realized prices for oil, gas and NGLs compared to prior year

HIGHER PRODUCTION - Increased production volumes resulted from more consistent and reliable processing after entering a long-term agreement with a new midstream partner

COST REDUCTIONS - Lease operating and workover expense per BOE fell year-over-year due to increased production and lower workover activity

Company press release: ID:nGNX1pQNjH

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
-$0.93
Q1 Adjusted Net Income
-$16.20 mln
Q1 Net Income
-$56.48 mln
Q1 Adjusted EBITDA
$10 mln
Q1 Pretax Profit
-$56.48 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)