Battalion Oil Q2 revenue rises on higher prices despite lower output
BATL•Outlook
- Battalion expects to begin drilling under its joint exploration and development agreement before end of August 2026
- Company says additional compression capacity at Monument Draw will support production growth starting mid-Q3 2026
- Battalion says recent refinancing enhances financial flexibility for next phase of Monument Draw development
Overview
- US oil and gas producer's Q2 revenue rose yr/yr on higher realized prices despite lower output
- Adjusted net loss for Q2 narrowed yr/yr; adjusted EBITDA declined
- Company reduced net debt and refinanced term loan, extending maturity to 2029
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Adjusted Net Loss | $4.90 mln | ||
| Q2 Net Income | $15.51 mln | ||
| Q2 Adjusted EBITDA | $12.30 mln | ||
| Q2 Pretax Profit | $15.51 mln |
Result Drivers
- Higher realized prices - Revenue growth was primarily driven by a $6.48 per Boe increase in average realized prices, partially offset by lower production
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