Battalion Oil Corp. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Battalion Oil Corp. on August 9, 2021. The filing serves to announce the Company's financial results for the second quarter of 2021. The Company is incorporated in Delaware and trades on the NYSE American under the symbol BATL.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document states that these results are detailed in a press release furnished as Exhibit 99.1. The filing notes that management discloses non-GAAP measures including net income (loss), earnings per share, EBITDA, LTM EBITDA, and adjusted cash flow from operations, but the specific figures are not contained within the body of this 8-K text.
Material Changes
The filing does not contain specific data regarding material changes versus the prior comparable period. It references the press release (Exhibit 99.1) for reconciliations between GAAP and non-GAAP measures and for comparisons to prior periods.
Guidance, Outlook, and Risks
The filing includes standard disclosures regarding non-GAAP financial measures. Management states that these measures are provided to help users understand the impact of selected items on reported results and to facilitate comparisons with prior periods. The Company explicitly warns that these measures are not alternatives to GAAP net income or cash flow and may not be comparable to similarly named measures used by other companies. No specific forward-looking guidance or new risk factors are detailed in the text of this filing.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated August 9, 2021) for specific Q2 2021 revenue, net income, and EBITDA figures.
- Verify the reconciliation tables between GAAP and non-GAAP financial measures provided in the press release.
- Confirm the Company's liquidity position and debt levels as reported in the full quarterly results.
- Check for any unusual items or adjustments excluded from the non-GAAP calculations.