Battalion Oil Corporation Announces Third Quarter 2026 Financial and Operating Results
Key Highlights
- ➤Q3 revenue $45.6 million, up from $43.5 million year over year
- ➤Adjusted diluted loss narrowed to $0.04 per share from $0.96
- ➤Net debt fell to $70.4 million from $163.3 million year over year
- ➤JEDA four-well pad reached total depth 25 days early, $1.5 million under budget
- ➤Pipeline crude transport transaction expected to lower gathering costs and mitigate safety risks
Expert Statements
Daniel Rohling, COO of Battalion Oil Corporation
“Our commitment to operational excellence has shown in our third quarter results. I’m proud of the team and look forward to continued execution,”
HOUSTON, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the third quarter of 2026.
Key Q3 2026 Highlights * Generated third quarter 2026 sales volumes of 11,359 barrels of oil equivalent per day (“Boe/d”) (~43% oil, 69% liquids) * Ended the quarter with $92.1 million of cash and cash equivalents and net debt (term loan indebtedness less cash and cash equivalents) of $70.4 million, down from $74.2 million at June 30, 2026 and $163.3 million at September 30, 2025. * Placed 17.1 million shares of common stock under its at-the-market (“ATM”) program for net proceeds of $28.4 million. Subsequent to September 30, 2026, the Company placed 25,000 additional shares. * Commenced drilling operations under the previously announced joint exploration and development agreement (“JEDA”). Subsequent to quarter end, have reached total depth on the four-well pad ahead of plan by over 25 days and under budget by more than $1.5 million gross cost. Completions will commence in late fourth quarter 2026 or early first quarter 2027. * Appointed John “Brad” Juneau to the board of directors effective September 30, 2026. * Executed a transformative midstream transaction on November 11, 2026 to transport the Company’s crude via pipeline rather than trucking. This transaction will significantly lower gathering costs as well as mitigate environment, health and safety risks. Management Comments
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