Battalion Oil Corp. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Battalion Oil Corporation on May 17, 2021. The filing serves to announce the Company's financial results for the first quarter of 2021. The detailed results are contained in a press release furnished as Exhibit 99.1.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being included in the attached press release (Exhibit 99.1) but are not listed within the body of this 8-K document.
Material Changes and Non-GAAP Measures
Management discloses certain non-GAAP financial measures in the accompanying press release, including:
- Net income (loss) and earnings per share excluding selected items.
- EBITDA and LTM EBITDA.
- Cash flow from operations adjusted for selected items.
- General and administrative and gathering and other expenses adjusted for selected items.
The filing states that reconciliations between these non-GAAP measures and the most directly comparable GAAP measures are included in the press release. No specific material changes or variances versus prior periods are quantified in this text.
Guidance, Outlook, and Risks
The filing does not contain specific forward-looking guidance, management commentary on future outlook, or a detailed discussion of risks and contingencies beyond the standard disclaimer regarding non-GAAP measures. The document notes that these non-GAAP measures are not substitutes for GAAP measures and may not be comparable to those used by other companies.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q1 2021 revenue, net income, and cash flow figures.
- Verify the reconciliation tables between GAAP and non-GAAP measures provided in the press release.
- Confirm the specific "selected items" excluded from non-GAAP calculations to understand their impact on reported earnings.
- Check the Company's latest 10-Q or 10-K for comparative prior period data not included in this 8-K.