Independent oil producer Battalion Oil Q2 revenue falls

Battalion Oil

14/08/2025 11:26

Overview

Battalion Oil Q2 revenue declines due to lower average realized prices per Boe

Company reports adjusted EBITDA increase to $18.1 mln, despite net loss

Completion of six-well plan ahead of schedule, positive production results

Outlook

Company working to redirect gas production after AGI facility closure

Company did not provide specific future financial guidance in its press release

Result Drivers

PRODUCTION INCREASE - Average daily net production rose by 132 Boe/d to 12,989 Boe/d in Q2 2025 compared to Q2 2024, driven by new wells in the West Quito area

LOWER CAPEX - Co reduced capital expenditure per well, outperforming AFE budget estimates by approximately $1.0 mln per well

AGI FACILITY SHUTDOWN - AGI facility ceased operations on Aug. 11, 2025, leading to a temporary shutdown of part of the Monument Draw field

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
-$0.21
Q2 Adjusted Net Income
-$10.60 mln
Q2 Net Income
$4.80 mln
Q2 Adjusted EBITDA
$18.10 mln
Q2 Pretax Profit
$4.80 mln


Press Release: ID:nGNX8gW73r

(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.)