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Independent oil producer Battalion Oil Q2 revenue falls

ReutersAug 14, 2025 10:26 AM


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

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