BATL - Battalion Oil Non-GAAP EPS of $0.24 beats by $0.05 revenue of $99.15M beats by $37.71M
- Battalion Oil press release ( NYSE: BATL ): Q3 Non-GAAP EPS of $0.24 beats by $0.05 .
- Revenue of $99.15M (+22.7% Y/Y) beats by $37.71M .
- New volumes from 2022 capital program driving production growth – ~8% increase in average daily production over second quarter 2022
- Approximately 34% increase in Adjusted EBITDA over second quarter 2022
- Improved realized pricing – ~11% increase in realized crude oil prices despite ~15% decline in average crude oil prices over second quarter 2022.
- Revised FY 2022 guidance for oil production; reiterating guidance on total production, total capital expenditures, and wells put online.
- Shares +8.02% AH.
For further details see:
Battalion Oil Non-GAAP EPS of $0.24 beats by $0.05, revenue of $99.15M beats by $37.71M