BATTALION OIL CORP

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

BATL$0.75-0.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated statements of operations

(In thousands, except per share amounts)


· · Years Ended December 31,
	2023		2022
Operating revenues:
Oil, natural gas and natural gas liquids sales:
Oil		$183,634		$267,690
Natural gas		11,057		46,210
Natural gas liquids		23,814		43,501
Total oil, natural gas and natural gas liquids sales		218,505		357,401
Other		2,257		1,663
Total operating revenues		220,762		359,064

Operating expenses:
Production:
Lease operating		44,864		48,095
Workover and other		7,149		6,683
Taxes other than income		11,943		18,483
Gathering and other		63,575		64,117
General and administrative		19,025		17,635
Depletion, depreciation and accretion		56,624		51,915
Total operating expenses		203,180		206,928
Income from operations		17,582		152,136

Other income (expenses):
Net gain (loss) on derivative contracts		12,689		(110,006)
Interest expense and other		(33,319)		(23,591)
Total other income expenses		(20,630)		(133,597)
(Loss) income before income taxes		(3,048)		18,539
Income tax benefit (provision)		—		—
Net (loss) income		$(3,048)		$18,539
Series A preferred dividends		(12,047)		—
Net (loss) income available to common stockholders		$(15,095)		$18,539

Net (loss) income per share of common stock:
Basic		$(0.92)		$1.14
Diluted		$(0.92)		$1.12
Weighted average common shares outstanding:
Basic		16,441		16,331
Diluted		16,441		16,510

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.