Battalion Oil Corporation ( (BATL) ) has released its Q1 earnings. Here is a breakdown of the information Battalion Oil Corporation presented to its investors.
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Battalion Oil Corporation is an independent energy company focused on the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States.
In its first quarter of 2025, Battalion Oil Corporation reported a decrease in production and revenue compared to the same period last year, with sales volumes averaging 11,900 barrels of oil equivalent per day. The company continued its drilling operations, completing four wells and progressing on two more, while also enhancing its infrastructure with an acid gas injection facility.
Key financial metrics revealed a net loss of $5.8 million for common stockholders, with a decrease in operating revenues to $47.5 million from $49.9 million in the previous year. Despite the drop in production, the company managed to improve its adjusted EBITDA to $15.1 million, up from $9.4 million in the first quarter of 2024, thanks to cost management and higher realized prices.
Looking ahead, Battalion Oil Corporation remains committed to its drilling plans and infrastructure improvements, aiming to enhance production efficiency and capitalize on its strategic developments in the Monument Draw and West Quito areas.