Battalion Oil Corp reported second quarter 2026 financial results, posting net income available to common stockholders of $9.1 million ($0.34 per share), a reversal from the prior year's loss. Average daily production was 12,407 Boe/d with operating revenues of $48.1 million. The company reduced its leverage ratio to 1.36x and net debt to $74.2 million through an ATM equity program that raised $55.9 million in Q2 and post-quarter end. Management also completed a refinancing of its senior secured credit facility, extending maturity to December 31, 2029, with interest set at SOFR plus 6.50%. Additionally, Battalion extinguished $42 million in preferred equity liquidation value for $19 million in cash and common shares. The company operates in the oil and natural gas exploration and production industry.
