Battalion Oil Corporation reported third quarter 2025 sales volumes of 12,293 barrels of oil equivalent per day (53% oil) and total revenue of $43.5 million, compared to 12,076 barrels of oil equivalent per day (52% oil) and $45.3 million in the third quarter of 2024. The decrease in revenue was primarily due to a $2.24 per barrel of oil equivalent decline in average realized prices, partly offset by higher production. The company reported a net loss available to common stockholders of $15.0 million, or $0.91 per share, and an adjusted diluted net loss of $15.7 million, or $0.96 per share. Adjusted EBITDA rose to $18.9 million from $13.5 million in the prior-year quarter. As of September 30, 2025, Battalion had $213.8 million in term loan debt and liquidity of $50.5 million. The company entered into an amendment of its credit facility to provide covenant relief through June 2027 and continues to pursue merger, acquisition, and divestiture opportunities.