Battalion Oil Management

Management criteria checks 2/4

Battalion Oil's CEO is Matt Steele, appointed in Apr 2023, has a tenure of 1.58 years. total yearly compensation is $375.62K, comprised of 49.9% salary and 50.1% bonuses, including company stock and options. directly owns 0.053% of the company’s shares, worth $30.73K. The average tenure of the management team and the board of directors is 1.7 years and 4 years respectively.

Key information

Matt Steele

Chief executive officer

US$375.6k

Total compensation

CEO salary percentage	49.9%
CEO tenure	1.6yrs
CEO ownership	0.05%
Management average tenure	1.7yrs
Board average tenure	4yrs

Recent management updates

Recent updates

Would Shareholders Who Purchased Battalion Oil's (NYSEMKT:BATL) Stock Year Be Happy With The Share price Today?

Dec 23

CEO Compensation Analysis

How has Matt Steele's remuneration changed compared to Battalion Oil's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$6m
Jun 30 2024	n/a	n/a	-US$69m
Mar 31 2024	n/a	n/a	-US$73m
Dec 31 2023	US$376k	US$188k	-US$15m

Compensation vs Market: Matt's total compensation ($USD375.62K) is below average for companies of similar size in the US market ($USD652.28K).

Compensation vs Earnings: Insufficient data to compare Matt's compensation with company performance.

CEO

Matt Steele (45 yo)

1.6yrs

Tenure

US$375,621

Compensation

Mr. Matthew B. Steele, also known as Matt, serves as principal financial officer at Battalion Oil Corporation since August 08, 2023. He serves as Chief Executive Officer & Director of Battalion Oil Corpora...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Matthew Steele	Principal Financial Officer	1.6yrs	US$375.62k	0.053% $ 30.7k
Daniel Rohling	Executive VP & COO	5.1yrs	US$722.98k	0.18% $ 101.1k
Walter Mayer	Senior VP	1.8yrs	US$478.30k	0.044% $ 25.1k
John-Davis Rutkauskas	Director of Corporate Finance & Investor Relations	no data	no data	no data
Charles Martin	VP & Controller	1.6yrs	no data	0.046% $ 26.7k

1.7yrs

Average Tenure

45yo

Average Age

Experienced Management: BATL's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Matthew Steele	Principal Financial Officer	1.6yrs	US$375.62k	0.053% $ 30.7k
William Rogers	Independent Director	3.4yrs	US$200.00k	0.024% $ 14.0k
Gregory Hinds	Independent Director	5.1yrs	US$175.00k	0.070% $ 40.6k
Jonathan Barrett	Independent Chairman of the Board	4.5yrs	US$225.00k	no data
David Chang	Independent Director	5.1yrs	US$175.00k	no data
Ajay Jegadeesan	Independent Director	1.5yrs	US$96.84k	no data

4.0yrs

Average Tenure

50.5yo

Average Age

Experienced Board: BATL's board of directors are considered experienced (4 years average tenure).

Battalion Oil Management

Management criteria checks 2/4

Key information

Recent management updates

Battalion Oil Corporation, Annual General Meeting, Nov 21, 2024

Battalion Oil Corporation, Annual General Meeting, Feb 07, 2024

Battalion Oil Corporation Announces Resignation of Kristen McWatters as Chief Financial Officer

Battalion Oil Corporation Announces Executive Changes

Battalion Oil Corporation Announces Chief Financial Officer Changes

High number of new and inexperienced directors

Recent updates

New minor risk - Market cap size

Third quarter 2024 earnings released: EPS: US$1.16 (vs US$3.50 loss in 3Q 2023)

Battalion Oil Corporation, Annual General Meeting, Nov 21, 2024

Second quarter 2024 earnings released: US$0.53 loss per share (vs US$0.35 loss in 2Q 2023)

First quarter 2024 earnings released: US$2.24 loss per share (vs US$1.22 profit in 1Q 2023)

Battalion Oil Corporation announced that it expects to receive $19.5 million in funding from LSP Investment Advisors, LLC, Luminus Management, LLC, Oaktree Capital Management, L.P.

Full year 2023 earnings released: US$0.92 loss per share (vs US$1.14 profit in FY 2022)

Battalion Oil Corporation announced that it has received $19.5 million in funding from Luminus Management, LLC, Gen IV Investment Opportunities LLC, OCM HLCN HOLDINGS, L.P.

Battalion Oil Corporation Receives Notice of Non-Compliance from NYSE American

Battalion Oil Corporation, Annual General Meeting, Feb 07, 2024

Fury Resources, Inc. entered into an agreement and plan of merger to acquire Battalion Oil Corporation (NYSEAM:BATL) from Luminus Management, LLC, Oaktree Capital Management, L.P. and others for approximately $170 million.

Fury Resources, Inc. entered into an agreement and plan of merger to acquire Battalion Oil Corporation (NYSEAM:BATL) from Luminus Management, LLC, Oaktree Capital Management, L.P. and others for approximately $170 million.

Battalion Oil Corporation announced delayed 10-Q filing

Battalion Oil Corporation announced that it has received $37.05 million in funding from Luminus Management, LLC, Oaktree Capital Management, L.P., LSP Investment Advisors, LLC

New major risk - Revenue and earnings growth

Battalion Oil Corporation Announces Resignation of Kristen McWatters as Chief Financial Officer

Battalion Oil Corporation Announces Executive Changes

Battalion Oil Corporation(NYSEAM:BATL) dropped from Russell Small Cap Completeness Index

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment deteriorates as stock falls 16%

Investor sentiment improves as stock rises 20%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment deteriorates as stock falls 16%

Investor sentiment deteriorates as stock falls 15%

Investor sentiment deteriorates as stock falls 15%

Battalion Oil Corporation Announces Chief Financial Officer Changes

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Second quarter 2022 earnings released: EPS: US$0.80 (vs US$2.09 loss in 2Q 2021)

First quarter 2022 earnings released: US$5.69 loss per share (vs US$2.06 loss in 1Q 2021)

Battalion Oil Corporation to Report Q1, 2022 Results on May 09, 2022

High number of new and inexperienced directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Battalion Oil Corporation Provides Production Guidance for the Preliminary of Fiscal Year 2022

Battalion Oil Corporation to Report Q4, 2021 Results on Mar 07, 2022

CEO & Director exercised options and sold US$82k worth of stock

Third quarter 2021 earnings released: EPS US$0.80 (vs US$9.45 loss in 3Q 2020)

Second quarter 2021 earnings released: US$2.09 loss per share (vs US$7.86 loss in 2Q 2020)

Battalion Oil Corporation(NYSEAM:BATL) dropped from Russell Microcap Value Index

Full year 2020 earnings released: US$14.18 loss per share (vs US$9.46 loss in FY 2019)

New 90-day high: US$11.20

New 90-day high: US$8.30

Would Shareholders Who Purchased Battalion Oil's (NYSEMKT:BATL) Stock Year Be Happy With The Share price Today?

Point Energy Partners Operating, LLC entered into a purchase and sale agreement to acquire North West Quito Assets of Battalion Oil Corporation for $27.5 million.

Third quarter 2020 earnings released: US$9.45 loss per share

New 90-day low: US$7.35

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age