Wed, May 14, 8:28 PM (39 days ago)
**Battalion Oil Corp (BATL) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $47.5 million (down from $49.9 million in Q1 2024) due to decreased production volumes. - **Net Income:** $6.0 million (up from a loss of $31.2 million in Q1 2024) due to lower operating expenses and gains on derivative contracts. - **Operating Expenses:** $44.1 million (down from $49.8 million in Q1 2024) due to reduced gathering and other expenses. - **Cash Flow:** Positive cash flow from operations of $12.7 million (up from $3.9 million in Q1 2024). **Profit Margins:** - **Operating Margin:** 7.1% (up from -48.3% in Q1 2024). - **Net Margin:** 12.6% (up from -62.6% in Q1 2024). **Cash Flow:** - **Operating Cash Flow:** $12.7 million (up from $3.9 million in Q1 2024). - **Investing Cash Flow:** -$20.1 million (down from -$31.8 million in Q1 2024) due to capital expenditures. - **Financing Cash Flow:** $61.2 million (up from $19.3 million in Q1 2024) due to incremental term loans. **Earnings Changes:** - **Earnings per Share (EPS):** -$0.35 (up from -$2.24 in Q1 2024). **Quarterly Performance Discussion:** - **Production:** Average daily production was 11,900 Boe (barrels of oil equivalent) per day, down from 12,989 Boe per day in Q1 2024. - **Prices:** Average realized prices increased by $2.33 per Boe. - **Expenses:** Lease operating, workover, and gathering expenses decreased on a per-unit basis. **Trends & Uncertainties:** - **Commodity Prices:** Volatile and unpredictable, impacting revenue and cash flow. - **Debt:** $225.0 million term loan with financial covenants and scheduled amortization payments. - **Hedging:** Required to hedge 50-85% of anticipated production for the next four years. - **Operational Risks:** Supply chain issues, equipment availability, and economic conditions. **Future Operations Impact:** - **Capital Expenditures:** $19.8 million spent on oil and natural gas capital expenditures. - **Drilling:** Ran one operated rig, drilled and cased four gross operated wells. - **Liquidity:** $73.6 million in cash and cash equivalents, with no additional borrowing capacity under the term loan. **Ticker:** BATL **Full Name:** Battalion Oil Corp