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.

On August 7, 2026, Battalion Oil Corp entered into a Preferred Stock Repurchase and Conversion Agreement with Gen IV Investment Opportunities, LLC. The company agreed to repurchase 5,138 shares of Series A Preferred Stock and 6,578.11 shares of Series A-1 Preferred Stock for an aggregate purchase price of $19,000,000. Concurrently, Gen IV elected to convert 1,231.89 shares of Series A-1, 6,630 shares of Series A-2, and 7,578 shares of Series A-3 and A-4 Preferred Stock into an aggregate of 3,494,258 shares of common stock. Following these transactions, Gen IV holds no preferred stock, which will be retired and cancelled. The parties also executed a Voting and Lock-Up Agreement requiring Gen IV to vote in line with board recommendations for twelve months. Battalion Oil Corp operates in the oil and gas exploration and production industry.

On June 30, 2026, Battalion Oil Corporation's subsidiary, Halcón Holdings, LLC, entered into a Third Amended and Restated Senior Secured Credit Agreement, providing a term loan facility of $162.5 million and an uncommitted delayed draw term loan facility of up to $175.0 million. The agreement, maturing on December 31, 2029, features a fixed 6.50% margin over SOFR, replacing a leverage-based pricing grid. Battalion Oil Corporation is an oil and gas exploration and production company.

Battalion Oil Corporation dismissed Deloitte & Touche LLP as its independent registered public accounting firm following a competitive selection process. The company appointed BDO USA, P.C. as its new independent registered public accounting firm for the fiscal year ending December 31, 2026. Battalion Oil Corp is an energy company involved in oil and gas exploration and production.

Battalion Oil Corp approved an updated non-employee director compensation program effective July 1, 2026, featuring an annual cash retainer of $225,000 per director and additional retainers for the Chairman and committee chairs. The Board also established a $5.0 million change in control bonus pool and a performance-based Waterfall Merger Incentive Program to reward executive officers and key employees upon a qualifying change in control transaction. Additionally, the Board confirmed the automatic vesting of 35,419 restricted stock units from the 2020 Long-Term Incentive Plan. Battalion Oil Corp is an oil and gas company.