Battalion Oil Corp banner

Conferencias de resultados

Última conferencia de resultados

Periodo fiscal
Q3 2022
Fecha de la conferencia
16 nov., 2022
Resumen con IA
Q3 2022

Production growth: Battalion said third-quarter average daily production rose almost 8% from the second quarter, helped by new wells coming online.

Profitability improved: Adjusted EBITDA increased 34% quarter over quarter to $24.3 million, the company’s highest level since 2019.

Pricing held up: Even though benchmark crude prices fell 15% quarter over quarter, realized oil pricing improved 11% because the company outproduced its hedges.

Operations ahead: Management said drilling and completions are running ahead of plan, with better drilling efficiency, stronger pump efficiency, and continued cost control.

Bone Spring test: Early results from a third Bone Spring test looked promising and could help expand inventory and support a multi-zone development plan.

Guidance mixed: Battalion reiterated guidance for capital activity, capital spending, and total production, but lowered its oil production outlook because oil cut came in slightly below plan.

Balance sheet note: The company said it amended its term loan after a current ratio issue at September 30 and is now back in compliance.

Datos financieros clave
Average daily production
16,228 Boe per day
Revenue
$99.1 million
Adjusted EBITDA
$24.3 million
Average realized crude price net of hedges
up approximately 11%
Average crude oil price
down 15%
Oil share of revenue
71%
Net income to common shareholders
$105.9 million or $6.42 per diluted share
Adjusted net income per diluted share
$0.24
Capital expenditures
$48.5 million
Drilling and completion capital expenditures
$42 million
Treating equipment and gathering support infrastructure capital expenditures
$2.2 million
9 months 2022 oil and gas CapEx
$112.7 million
9 months 2022 drilling and completion CapEx
$98.1 million
9 months 2022 treating equipment and gathering support infrastructure CapEx
$8.2 million
Liquidity
$48.5 million
Cash
$33.5 million
Delayed draw term loans available
$15 million
Grabación de la conferencia de resultados

Otras conferencias de resultados